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

Key Points

• Vicarious Surgical Inc. (NYSE:RBOT) shares fell 4.4% to close at $8.84, with trading volume down 46% from the average session.
• The company reported a quarterly loss of ($2.58) earnings per share (EPS), slightly exceeding expectations, while analysts forecast a projected -10.89 EPS for the current fiscal year.
• Institutional investors hold 47.27% of Vicarious Surgical's stock, with significant increases in holdings by firms like Renaissance Technologies and Geode Capital Management in recent quarters.

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

Vicarious Surgical Price Performance

The company has a 50-day simple moving average of $8.67 and a 200-day simple moving average of $8.90. The stock has a market cap of $53.65 million, a PE ratio of -0.87 and a beta of 1.41.

Vicarious Surgical (NYSE:RBOT - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($2.58) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($2.61) by $0.03. On average, equities analysts expect that Vicarious Surgical Inc. will post -10.89 EPS for the current fiscal year.

Institutional Trading of Vicarious Surgical

Several hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in shares of Vicarious Surgical by 11.6% during the 4th quarter. Renaissance Technologies LLC now owns 11,534 shares of the company's stock worth $152,000 after purchasing an additional 1,200 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 in the last quarter. Finally, DDD Partners LLC raised its holdings in Vicarious Surgical by 15.3% in the 1st 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 in the last quarter. 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.