SS Innovations International (NASDAQ:SSII) Shares Climb 6.7% – What’s Next?

SS Innovations International, Inc. (NASDAQ:SSII) shares shot up 6.7% on Wednesday. The company traded as high as $2.68 and last traded at $2.72. Approximately 23,246 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 70,473 shares. The stock had previously closed at $2.55.

Analysts Set New Price Targets

SSII has been the subject of several recent research reports. Wall Street Zen upgraded shares of SS Innovations International from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a research note on Thursday. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell” and an average target price of $7.00.

SS Innovations International Trading Up 0.6%

The stock’s 50 day moving average is $3.24 and its 200-day moving average is $3.73. The company has a market cap of $519.99 million, a P/E ratio of -43.25 and a beta of -1.79.

SS Innovations International (NASDAQ:SSII) last issued its earnings results on Thursday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. SS Innovations International had a negative return on equity of 26.77% and a negative net margin of 23.73%. The firm had revenue of $13.94 million during the quarter.

Insider Activity

In other news, CEO Srivastava Sudhir sold 33,333 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $3.00, for a total transaction of $99,999.00. Following the transaction, the chief executive officer directly owned 108,520,928 shares of the company’s stock, valued at $325,562,784. This represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On SS Innovations International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eversept Partners LP purchased a new stake in SS Innovations International during the 4th quarter valued at $428,000. Inspire Investing LLC boosted its stake in shares of SS Innovations International by 26.4% in the 1st quarter. Inspire Investing LLC now owns 104,624 shares of the company’s stock worth $523,000 after buying an additional 21,851 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. boosted its stake in shares of SS Innovations International by 47.7% in the 1st quarter. IFC & Insurance Marketing Inc. now owns 16,730 shares of the company’s stock worth $84,000 after buying an additional 5,400 shares during the last quarter.

About SS Innovations International

SS Innovations International Inc is a medical technology company focused on developing and commercializing robotic-assisted surgical systems. Its principal platform, the SSI MANTRA surgical robotic system, is designed to support minimally invasive procedures by providing surgeons with enhanced visualization, precision and instrument control.

The company also develops related surgical instruments, accessories and technologies intended for use across a range of specialties. Its products are aimed at hospitals and surgical teams seeking robotic assistance for procedures while supporting operating-room efficiency and improved patient care.

SS Innovations was founded by Dr.