Vicarious Surgical (NYSE:RBOT) Price Target Cut to $12.00

Vicarious Surgical (NYSE:RBOT) had its price target decreased by Piper Sandler from $30.00 to $12.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 140.48% from the stock’s current price.

Separately, Morgan Stanley decreased their price target on shares of Vicarious Surgical from $18.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, July 15th.

Vicarious Surgical Trading Down 9.3 %

Shares of Vicarious Surgical stock traded down $0.51 during trading on Tuesday, hitting $4.99. 64,805 shares of the stock were exchanged, compared to its average volume of 28,680. The stock has a market capitalization of $29.31 million, a price-to-earnings ratio of -0.44 and a beta of 1.13. The company has a fifty day moving average price of $7.69 and a 200-day moving average price of $9.35. Vicarious Surgical has a 1-year low of $4.27 and a 1-year high of $32.40.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Vicarious Surgical stock. SRS Capital Advisors Inc. lifted its position in shares of Vicarious Surgical Inc (NYSE:RBOT) by 215.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,905 shares of the company’s stock after acquiring an additional 60,000 shares during the period. SRS Capital Advisors Inc. owned approximately 0.07% of Vicarious Surgical worth $32,000 as of its most recent filing with the Securities and Exchange Commission. 47.27% of the stock is owned by institutional investors.

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.