July 9, 2021, 5:12 p.m. EDT

Best Stocks To Buy Right Now? 4 Robotics Stocks To Know

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Jul 09, 2021 (StockMarket.com via COMTEX) -- 4 Robotics Stocks To Watch Right Now

Robotics stocks are slowly gaining traction among investors in the stock market . This is not surprising as the advancement of robotics has allowed robots to be used across various industries. The first robot was introduced in the U.S. in the 1960s and technology has been improving since then. Some of the most notable benefits of utilizing robots would be an increase in safety, productivity, and cost-effectiveness. This has led tech giants such as Amazon.com ( NASDAQ: AMZN ) and Tesla ( NASDAQ: TSLA ) to incorporate robots in their core businesses.

For example, Amazon has recently announced the expansion of the delivery robot program in Helsinki. Two dozen engineers will be based at the Amazon Scout Development Center in Helsinki and they will be focused on research and development. On the other hand, Tesla is also becoming an AI robotics company as it closes in on releasing Full Self-Driving (FSD) V11, the latest version of its AI-assisted city driving software. It appears that all cars with FSD computers will have a new "mind of car" view. Given the endless potential within the space of robotics, do you have a list of the top robotics stocks in the stock market today?

Top Robotics Stocks To Buy [Or Sell] Now

Oceaneering International Inc

Oceaneering International provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Subsea Robotics segment provides remotely operated vehicles (ROVs) to customers in the energy industry for drilling support and vessel-based services. These include subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair.

The company could be one of the hidden gems in the robotic space. Oceaneering is slowly showing signs of improvement, especially in its financials. During its first quarter, the company reported revenue of $438 million. Meanwhile, its net loss came in at $9.4 million or $0.09 per share. That compares to a net loss of $367.5 million in the prior year's quarter. This can be viewed positively when we make a year-to-year comparison that indicates the company is heading in the right direction.

Furthermore, it also announced that its Manufactured Products segment has won multiple contracts since the start of 2021. Hence, strengthening the company's position as a market leader in the provision of global manufactured products for the offshore oil and gas industry. OII stock has also been up by approximately 80% year-to-date. Well, investors could be expecting further improvement in its second-quarter earnings report that is scheduled to be released on July 28. With that in mind, would you buy OII stock ahead of its earnings report?

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UiPath Inc

Next, we have the up-and-coming company in the robotic space, UiPath. Essentially, the company offers an end-to-end platform for automation, combining Robotic Process Automation (RPA) solutions with a suite of capabilities that enable every organization to scale digital business capabilities. UiPath aims to have a robot for every person, hoping to transform the way humans work.

PATH stock was up as much as 20% since it made its debut on the New York Stock Exchange back on April 21. However, it is only natural that we would see some correction in its stock price at some point. That said, investors should not be too worried as the company is still posting impressive financial figures and it expects to grow at a rapid pace for the rest of the year. In detail, UiPath's first-quarter revenue was $186 million, up by 65% year-over-year. Meanwhile, its gross profit margin was 74% which signifies a healthy potential for profit soon.

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