Restoration Robotics Inc (NASDAQ:HAIR) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,412,657 shares, an increase of 74.1% from the February 28th total of 811,491 shares. Based on an average daily volume of 2,821,143 shares, the short-interest ratio is presently 0.5 days. Currently, 6.1% of the company’s shares are sold short.
Shares of Restoration Robotics stock traded up $0.02 on Friday, hitting $0.65. 99,914 shares of the company traded hands, compared to its average volume of 1,795,083. The company has a debt-to-equity ratio of 12.27, a quick ratio of 2.56 and a current ratio of 3.14. Restoration Robotics has a 52 week low of $0.35 and a 52 week high of $5.44. The company has a market capitalization of $26.34 million, a PE ratio of -0.75 and a beta of 4.77.
Restoration Robotics (NASDAQ:HAIR) last issued its quarterly earnings data on Friday, March 15th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.03). The business had revenue of $6.66 million during the quarter, compared to the consensus estimate of $6.00 million. Restoration Robotics had a negative return on equity of 653.88% and a negative net margin of 130.83%. On average, analysts forecast that Restoration Robotics will post -0.64 earnings per share for the current year.
Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Restoration Robotics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Roth Capital downgraded shares of Restoration Robotics from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $4.00 to $1.00 in a research note on Monday, March 18th. Maxim Group downgraded shares of Restoration Robotics from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Finally, William Blair downgraded shares of Restoration Robotics from an “outperform” rating to a “market perform” rating and set a $0.86 price target for the company. in a research note on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $2.65.
A number of large investors have recently modified their holdings of HAIR. SG Americas Securities LLC bought a new position in Restoration Robotics in the third quarter worth approximately $527,000. Blair William & Co. IL bought a new position in Restoration Robotics in the third quarter worth approximately $174,000. Royce & Associates LP raised its stake in Restoration Robotics by 180.6% in the third quarter. Royce & Associates LP now owns 982,000 shares of the company’s stock worth $2,848,000 after buying an additional 632,000 shares in the last quarter. Vanguard Group Inc. raised its stake in Restoration Robotics by 173.2% in the third quarter. Vanguard Group Inc. now owns 864,368 shares of the company’s stock worth $2,507,000 after buying an additional 547,968 shares in the last quarter. Finally, Vanguard Group Inc grew its holdings in Restoration Robotics by 173.2% in the third quarter. Vanguard Group Inc now owns 864,368 shares of the company’s stock worth $2,507,000 after purchasing an additional 547,968 shares during the last quarter. 27.83% of the stock is owned by institutional investors.
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Restoration Robotics Company Profile
Restoration Robotics, Inc, a medical device company, develops and commercializes image-guided robotic systems in the United States and internationally. The company offers ARTAS System, a physician-assisted robotic system that identifies and dissects hair follicular units directly from the scalp and creates recipient implant sites.
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