Vicarious Surgical Stock Set to Reverse Split on Thursday, June 13th (NYSE:RBOT)

Vicarious Surgical Inc (NYSE:RBOT)’s stock is set to reverse split before the market opens on Thursday, June 13th. The 1-30 reverse split was announced on Thursday, June 13th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, June 13th.

Vicarious Surgical Trading Down 18.9 %

Vicarious Surgical stock traded down $0.07 during mid-day trading on Tuesday, hitting $0.29. The company’s stock had a trading volume of 1,292,779 shares, compared to its average volume of 573,569. The stock’s fifty day moving average is $0.31 and its two-hundred day moving average is $0.36. The firm has a market capitalization of $42.69 million, a PE ratio of -0.76 and a beta of 1.20. Vicarious Surgical has a 1 year low of $0.20 and a 1 year high of $2.27.

Vicarious Surgical (NYSE:RBOT) last issued its quarterly earnings data on Monday, April 29th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. On average, equities analysts expect that Vicarious Surgical will post -0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Piper Sandler lowered their price objective on shares of Vicarious Surgical from $1.50 to $1.00 and set a “neutral” rating for the company in a research note on Tuesday, March 5th.

Hedge Funds Weigh In On Vicarious Surgical

Several hedge funds have recently made changes to their positions in the company. SRS Capital Advisors Inc. grew its holdings in shares of Vicarious Surgical by 215.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 87,905 shares of the company’s stock worth $32,000 after buying an additional 60,000 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Vicarious Surgical during the third quarter worth approximately $207,000. Seven Grand Managers LLC acquired a new stake in shares of Vicarious Surgical during the third quarter worth $295,000. Regal Partners Ltd purchased a new position in Vicarious Surgical in the 3rd quarter valued at $390,000. Finally, Element Capital Management LLC purchased a new position in Vicarious Surgical in the 3rd quarter valued at $585,000. Hedge funds and other institutional investors own 47.27% of the company’s stock.

Vicarious Surgical Company Profile

Vicarious Surgical Inc operates as a robotics technology company in the United States. The company focuses on developing and commercializing Vicarious System, a single-incision surgical robot that virtually transports surgeons inside the patient to perform minimally invasive surgery. Vicarious Surgical Inc was incorporated in 2014 and is headquartered in Waltham, Massachusetts.