Vicarious Surgical (NYSE:RBOT) Shares Down 4.4% - Here's Why

Shares of Vicarious Surgical Inc. (NYSE:RBOT - Get Free Report) dropped 4.4% during trading on Wednesday . The stock traded as low as $8.75 and last traded at $8.84. 18,930 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 35,104 shares. The stock had previously closed at $9.25.

Vicarious Surgical Stock Performance

The stock's fifty day moving average price is $8.67 and its two-hundred day moving average price is $8.97. The company has a market cap of $54.88 million, a P/E ratio of -0.89 and a beta of 1.41.

Vicarious Surgical (NYSE:RBOT - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported ($2.58) earnings per share for the quarter, beating the consensus estimate of ($2.61) by $0.03. On average, equities research analysts forecast that Vicarious Surgical Inc. will post -10.89 EPS for the current year.

Hedge Funds Weigh In On Vicarious Surgical

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings in Vicarious Surgical by 11.6% in the 4th quarter. Renaissance Technologies LLC now owns 11,534 shares of the company's stock valued at $152,000 after buying an additional 1,200 shares during the last quarter. Geode Capital Management LLC increased its position in Vicarious Surgical by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 30,799 shares of the company's stock valued at $405,000 after acquiring an additional 2,336 shares during the period. Finally, DDD Partners LLC raised its stake in shares of Vicarious Surgical by 15.3% during the first quarter. DDD Partners LLC now owns 213,824 shares of the company's stock valued at $1,403,000 after acquiring an additional 28,357 shares during the last quarter. 47.27% of the stock is currently owned by institutional investors and hedge funds.

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.