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

Shares of Vicarious Surgical Inc (NYSE:RBOT) are set to reverse split on the morning of 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 Price Performance

NYSE:RBOT traded down $0.07 on Tuesday, reaching $0.29. 1,292,779 shares of the company’s stock were exchanged, compared to its average volume of 573,569. The firm has a market cap of $42.69 million, a price-to-earnings ratio of -0.76 and a beta of 1.20. Vicarious Surgical has a 52 week low of $0.20 and a 52 week high of $2.27. The stock has a fifty day simple moving average of $0.31 and a 200-day simple moving average of $0.36.

Vicarious Surgical (NYSE:RBOT) last issued its earnings results on Monday, April 29th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. As a group, sell-side analysts predict that Vicarious Surgical will post -0.36 EPS for the current year.

Analyst Ratings Changes

Separately, Piper Sandler cut 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 report on Tuesday, March 5th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Hudson Bay Capital Management LP purchased a new position in shares of Vicarious Surgical in the third quarter worth $207,000. DDD Partners LLC increased its position in Vicarious Surgical by 4.2% during the 4th quarter. DDD Partners LLC now owns 6,623,192 shares of the company’s stock valued at $2,429,000 after purchasing an additional 269,523 shares during the period. Seven Grand Managers LLC purchased a new position in Vicarious Surgical during the 3rd quarter valued at $295,000. SRS Capital Advisors Inc. increased its position in Vicarious Surgical by 215.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 87,905 shares of the company’s stock valued at $32,000 after purchasing an additional 60,000 shares during the period. Finally, Element Capital Management LLC purchased a new position in Vicarious Surgical during the 3rd quarter valued at $585,000. 47.27% of the stock is owned by hedge funds and other institutional investors.

About Vicarious Surgical

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.