SS Innovations International (NASDAQ:SSII) Stock Jumps 8.8% – Time to Buy?

SS Innovations International, Inc. (NASDAQ:SSII) shares were up 8.8% on Monday. The stock traded as high as $2.51 and last traded at $2.5570. Approximately 19,758 shares were traded during mid-day trading, a decline of 71% from the average session volume of 69,319 shares. The stock had previously closed at $2.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a report on Thursday, October 15th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell” and an average price target of $7.00.

SS Innovations International Stock Down 2.6%

The firm has a fifty day simple moving average of $2.91 and a 200-day simple moving average of $3.86. The company has a market capitalization of $454.86 million, a P/E ratio of -37.83 and a beta of -1.52.

SS Innovations International (NASDAQ:SSII) last released 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 for the quarter.

Insiders Place Their Bets

In other news, CEO Srivastava Sudhir sold 33,333 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 108,520,928 shares in the company, valued at $325,562,784. This represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Hedge Funds Weigh In On SS Innovations International

A hedge fund recently raised its position in SS Innovations International stock. Inspire Investing LLC increased its position in shares of SS Innovations International, Inc. (NASDAQ:SSII) by 19.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 223,053 shares of the company’s stock after buying an additional 36,756 shares during the quarter. Inspire Investing LLC owned 0.11% of SS Innovations International worth $665,000 as of its most recent SEC filing.

About SS Innovations International

SS Innovations International, Inc is a medical technology company focused on developing and commercializing robotic-assisted surgical systems. Its principal product is the SSi Mantra surgical robotic system, which is designed to support surgeons in performing minimally invasive procedures across a range of specialties.

The company also develops related surgical instruments, accessories, and technology intended to complement the SSi Mantra platform. Its products are designed to help hospitals expand access to robotic-assisted surgery while supporting precision, visualization, and surgeon control during procedures.

SS Innovations was founded by Dr.