Sarcos Expertise and Robotics (NASDAQ:STRC – Get Ranking) was upgraded by Zacks Funding Analysis from a “promote” ranking to a “maintain” ranking in a analysis observe issued to buyers on Saturday, Zacks.com stories.
In accordance with Zacks, “Sarcos Robotics is concerned within the improvement of robotic methods. The corporate’s cell robotic methods, together with the Guardian(R) S, Guardian(R) GT, Guardian(R) XO(R), and Guardian(R) XT(TM). Sarcos Robotics, previously referred to as Rotor Acquisition Corp., is predicated in Salt Lake Metropolis, Utah. “
Individually, Credit score Suisse Group lowered their goal value on shares of Sarcos Expertise and Robotics from $9.00 to $8.00 and set a “impartial” ranking on the inventory in a analysis report on Wednesday, March thirtieth.
Shares of Sarcos Expertise and Robotics inventory opened at $3.81 on Friday. Sarcos Expertise and Robotics has a 52 week low of $2.85 and a 52 week excessive of $11.80. The agency’s 50 day transferring common is $5.30 and its two-hundred day transferring common is $6.71.
Sarcos Expertise and Robotics (NASDAQ:STRC – Get Ranking) final introduced its quarterly earnings outcomes on Tuesday, March twenty ninth. The corporate reported ($0.11) EPS for the quarter, lacking the consensus estimate of ($0.06) by ($0.05). The enterprise had income of $1.00 million for the quarter, in comparison with the consensus estimate of $1.90 million. Analysts anticipate that Sarcos Expertise and Robotics will put up -0.48 EPS for the present fiscal 12 months.
A number of institutional buyers and hedge funds have lately made modifications to their positions within the firm. Charles Schwab Funding Administration Inc. grew its place in shares of Sarcos Expertise and Robotics by 2.5% in the course of the first quarter. Charles Schwab Funding Administration Inc. now owns 292,320 shares of the corporate’s inventory price $1,944,000 after buying a further 7,176 shares over the last quarter. Vanguard Group Inc. grew its place in Sarcos Expertise and Robotics by 3.2% within the 1st quarter. Vanguard Group Inc. now owns 1,749,284 shares of the corporate’s inventory valued at $11,632,000 after shopping for a further 54,132 shares over the last quarter. BlackRock Inc. elevated its stake in Sarcos Expertise and Robotics by 10.0% within the 1st quarter. BlackRock Inc. now owns 2,266,454 shares of the corporate’s inventory valued at $15,072,000 after shopping for a further 206,108 shares in the course of the interval. Citigroup Inc. acquired a brand new place in Sarcos Expertise and Robotics within the 1st quarter valued at $33,000. Lastly, Financial institution of New York Mellon Corp acquired a brand new place in Sarcos Expertise and Robotics within the 1st quarter valued at $175,000. Institutional buyers and hedge funds personal 35.31% of the corporate’s inventory.
About Sarcos Expertise and Robotics (Get Ranking)
Sarcos Expertise and Robotics Company designs, develops, and sells robotic methods. Its robotic methods increase human efficiency by combining human intelligence, intuition, and judgment with machines to reinforce worker security and productiveness. The corporate’s cell robotic methods embrace the Guardian XO, a full-body powered exoskeleton; Guardian XT, a extremely dexterous cell robotic carry out; Guardian GT, a force-multiplying dexterous robotic system; and Guardian S, a remote-controlled visible inspection and surveillance robotic system.
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