Vicarious Surgical (NYSE:RBOT) Announces Quarterly Earnings Results

Vicarious Surgical (NYSE:RBOT - Get Free Report) posted its earnings results on Monday. The company reported ($2.43) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($2.69) by $0.26, Zacks reports. The company had revenue of $2.09 million for the quarter. During the same period in the previous year, the company posted ($2.25) EPS.

Vicarious Surgical Stock Up 0.9 %

Shares of NYSE RBOT traded up $0.07 during mid-day trading on Friday, reaching $8.07. 3,430 shares of the company were exchanged, compared to its average volume of 33,000. The company's 50-day simple moving average is $12.30 and its 200-day simple moving average is $10.56. The stock has a market capitalization of $47.68 million, a P/E ratio of -0.78 and a beta of 1.35. Vicarious Surgical has a twelve month low of $4.27 and a twelve month high of $19.00.

Analysts Set New Price Targets

Separately, Piper Sandler cut their target price on shares of Vicarious Surgical from $10.50 to $8.50 and set a "neutral" rating for the company in a research note on Tuesday.

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.