Symbotic Inc. (NASDAQ:SYM)’s traded shares stood at 2.67 million during the last session. At the close of trading, the stock’s price was $18.72, to imply an increase of 9.47% or $1.62 in intraday trading. The SYM share’s 52-week high remains $28.48, putting it -52.14% down since that peak but still an impressive 53.26% since price per share fell to its 52-week low of $8.75. The company has a valuation of $10.53B, with an average of 0.71 million shares in intraday trading volume over the past 10 days and average of 353.70K shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for Symbotic Inc. (SYM), translating to a mean rating of 1.80. Of 11 analyst(s) looking at the stock, 0 analyst(s) give SYM a Sell rating. 2 of those analysts rate the stock as Overweight while 1 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.04.
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Symbotic Inc. (NASDAQ:SYM) trade information
After registering a 9.47% upside in the last session, Symbotic Inc. (SYM) has traded red over the past five days. The stock hit a weekly high of 18.77 this Friday, 03/17/23, jumping 9.47% in its intraday price action. The 5-day price performance for the stock is 6.06%, and 4.87% over 30 days. With these gigs, the year-to-date price performance is 56.78%. Short interest in Symbotic Inc. (NASDAQ:SYM) saw shorts transact 0.36 million shares and set a 2.57 days time to cover.
Analysts on Wall Street suggest a consensus price target of $19.45, implying an increase of 3.75% to the stock’s current value. The extremes give us $14.00 and $24.00 for target low and target high price respectively. As such, SYM has been trading -28.21% off suggested target high and 25.21% from its likely low.
Symbotic Inc. (SYM) estimates and forecasts
Looking at statistics comparing Symbotic Inc. share performance against respective industry, we note that the company has underperformed competitors. Symbotic Inc. (SYM) shares are 39.81% up over the last 6 months, with its year-to-date growth rate lower than industry average at -27.27% against 17.30%. The rating firms project that company’s revenue will grow 287.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 11 analysts is $225.41 million. Meanwhile, for the quarter ending Jun 2023, a total of 11 analyst(s) estimate revenue growth to $252.35 million.
Symbotic Inc. has its next earnings report out in April. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Symbotic Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Symbotic Inc. (NASDAQ:SYM)’s Major holders
Symbotic Inc. insiders hold 44.79% of total outstanding shares, with institutional holders owning 39.37% of the shares at 71.31% float percentage. In total, 39.37% institutions holds shares in the company, led by SB Global Advisers Ltd. As of Sep 29, 2022, the company held over 20.0 million shares (or 33.22% of shares), all amounting to roughly $230.0 million.
The next major institution holding the largest number of shares is Softbank Group Corporation with 2.0 million shares, or about 3.32% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $23.0 million.
We also have Vanguard Extended Market Index Fund and BlackRock Master Total Return Portfolio of Master Bond LLC as the top two Mutual Funds with the largest holdings of the Symbotic Inc. (SYM) shares. Going by data provided on Sep 29, 2022, Vanguard Extended Market Index Fund holds roughly 0.13 million shares. This is just over 0.22% of the total shares, with a market valuation of $1.52 million. Data from the same date shows that the other fund manager holds a little less at 46250.0, or 0.08% of the shares, all valued at about 0.53 million.