Why Vicarious Surgical (RBOT) Stock Is Falling

Vicarious Surgical Inc RBOT shares are trading lower by 20% to $0.29 during Tuesday’s session after the company announced a 1-for-30 reverse stock split of its Class A and Class B common stock.

This decision, approved by shareholders at the annual meeting on June 10, is intended to increase the share price to meet the New York Stock Exchange’s minimum price requirement.

The reverse stock split will take effect at 4:15 p.m. on June 12, and the Class A common stock will begin trading on a split-adjusted basis on June 13, under the ticker symbol “RBOT”.

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RBOT Stock Prediction 2024

Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.

Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Vicarious Surgical, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Vicarious Surgical, the 200-day moving average sits at $0.42, according to Benzinga Pro, which is above the current price of $0.29. For more on charts and trend lines, see a description here.

Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.

RBOT has a 52-week high of $2.27 and a 52-week low of $0.20.