SS Innovations International (NASDAQ:SSII) Sees Large Volume Increase – Still a Buy?

SS Innovations International, Inc. (NASDAQ:SSII) saw unusually-high trading volume on Monday . Approximately 225,438 shares changed hands during mid-day trading, an increase of 200% from the previous session’s volume of 75,171 shares.The stock last traded at $3.9510 and had previously closed at $3.47.

Wall Street Analysts Forecast Growth

SSII has been the subject of a number of research analyst reports. Loop Capital set a $7.00 price objective on shares of SS Innovations International in a research report on Wednesday, June 3rd. Wall Street Zen upgraded shares of SS Innovations International from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell” and an average price target of $7.00.

SS Innovations International Stock Performance

The company has a market cap of $782.51 million, a price-to-earnings ratio of -78.20 and a beta of -1.96. The firm’s 50 day simple moving average is $3.69 and its 200-day simple moving average is $4.30.

SS Innovations International (NASDAQ:SSII) last issued its earnings results on Wednesday, May 13th. The company reported ($0.02) EPS for the quarter. The business had revenue of $11.10 million during the quarter. SS Innovations International had a negative net margin of 20.69% and a negative return on equity of 23.00%.

Hedge Funds Weigh In On SS Innovations International

A number of institutional investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC boosted its stake in SS Innovations International by 124.4% during the fourth quarter. Inspire Investing LLC now owns 82,773 shares of the company’s stock worth $470,000 after buying an additional 45,886 shares during the last quarter. AlphaCentric Advisors LLC acquired a new stake in shares of SS Innovations International in the 4th quarter worth $284,000. Geode Capital Management LLC acquired a new stake in shares of SS Innovations International in the 2nd quarter worth $122,000. Vontobel Holding Ltd. purchased a new position in shares of SS Innovations International during the 4th quarter worth $116,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of SS Innovations International during the 3rd quarter worth $71,000.

SS Innovations International Company Profile

AVRA Medical Robotics, Inc develops and manufactures medical surgical devices. The company has a research agreement with the University of Central Florida to develop navigation and control technologies with applications in medical robotics. The company was formerly known as AVRA Surgical Microsystems, Inc and changed its name to AVRA Medical Robotics, Inc in November 2015. AVRA Medical Robotics, Inc was founded in 2015 and is based in Orlando, Florida.