SS Innovations International (NASDAQ:SSII) Hits New 1-Year Low – Here’s Why

SS Innovations International, Inc. (NASDAQ:SSII)’s share price hit a new 52-week low during trading on Monday. The company traded as low as $2.31 and last traded at $2.45, with a volume of 100,263 shares. The stock had previously closed at $2.53.

Wall Street Analysts Forecast Growth

SSII has been the subject of several recent research reports. Wall Street Zen raised 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 report on Thursday. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell” and an average target price of $7.00.

SS Innovations International Price Performance

The business has a 50 day moving average price of $3.19 and a two-hundred day moving average price of $3.69.

SS Innovations International (NASDAQ:SSII) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.01) 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 business had revenue of $13.94 million during the quarter.

Insider Activity at SS Innovations International

In other news, CEO Srivastava Sudhir sold 33,333 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $3.00, for a total value of $99,999.00. Following the transaction, the chief executive officer owned 108,520,928 shares of the company’s stock, valued at approximately $325,562,784. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of SS Innovations International

A number of institutional investors and hedge funds have recently bought and sold shares of SSII. Eversept Partners LP lifted its stake in SS Innovations International by 46.2% in the 1st quarter. Eversept Partners LP now owns 110,157 shares of the company’s stock worth $551,000 after purchasing an additional 34,799 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of SS Innovations International by 26.4% during the 1st quarter. Inspire Investing LLC now owns 104,624 shares of the company’s stock valued at $523,000 after purchasing an additional 21,851 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. grew its position in shares of SS Innovations International by 47.7% during the first quarter. IFC & Insurance Marketing Inc. now owns 16,730 shares of the company’s stock valued at $84,000 after purchasing an additional 5,400 shares in the last quarter.

SS Innovations International Company Profile

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.