Key Points
- CEO insider sale: Srivastava Sudhir sold 33,333 SS Innovations International shares for approximately $100,000 at an average price of $3.00. He still directly owns 108.5 million shares, worth about $325.6 million.
- Weak financial performance: The company reported a quarterly loss of $0.01 per share on $13.94 million in revenue, alongside a negative 26.77% return on equity and a negative 23.73% net margin.
- Analysts remain cautious: SSII has an average “Sell” rating and a $7.00 average price target, despite one analyst upgrading the stock to “Hold.” Shares opened at $3.30, near their 52-week low of $3.11.
SS Innovations International, Inc. (NASDAQ:SSII - Get Free Report) CEO Srivastava Sudhir sold 33,333 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $3.00, for a total value of $99,999.00. Following the completion of the transaction, the chief executive officer directly owned 108,520,928 shares in the company, valued at approximately $325,562,784. This represents a 0.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
SS Innovations International Stock Up 2.5%
SS Innovations International stock opened at $3.30 on Friday. SS Innovations International, Inc. has a 52-week low of $3.11 and a 52-week high of $10.00. The company has a market cap of $661.25 million, a P/E ratio of -55.00 and a beta of -1.94. The business has a 50-day simple moving average of $3.64 and a two-hundred day simple moving average of $4.05.
SS Innovations International (NASDAQ:SSII - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $13.94 million during the quarter. SS Innovations International had a negative return on equity of 26.77% and a negative net margin of 23.73%.
Analyst Ratings Changes
SSII has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of SS Innovations International from a "sell" rating to a "hold" rating in a research note on Sunday, June 28th. Loop Capital set a $7.00 price objective on SS Innovations International in a research note on Wednesday, June 3rd. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of SS Innovations International in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SS Innovations International has an average rating of "Sell" and an average target price of $7.00.
View Our Latest Stock Analysis on SSII
Hedge Funds Weigh In On SS Innovations International
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. purchased a new stake in shares of SS Innovations International during the 3rd quarter worth approximately $56,000. Jane Street Group LLC bought a new stake in SS Innovations International in the fourth quarter worth $63,000. IFC & Insurance Marketing Inc. purchased a new stake in SS Innovations International during the fourth quarter valued at $64,000. Goldman Sachs Group Inc. purchased a new position in shares of SS Innovations International in the 4th quarter worth $68,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of SS Innovations International in the 3rd quarter worth about $71,000.
About SS Innovations International
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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.
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