Symbotic Inc (NASDAQ:SYM)’s traded shares stood at 1.61 million during the last session, with the company’s beta value hitting 1.93. At the close of trading, the stock’s price was $45.23, to imply a decrease of -5.55% or -$2.66 in intraday trading. The SYM share’s 52-week high remains $64.14, putting it -41.81% down since that peak but still an impressive 54.23% since price per share fell to its 52-week low of $20.70. The company has a valuation of $24.06B, with an average of 1.19 million shares in intraday trading volume over the past 10 days and average of 1.56 million shares over the past 3 months.
Symbotic Inc (NASDAQ:SYM) trade information
After registering a -5.55% downside in the last session, Symbotic Inc (SYM) has traded red over the past five days. The stock hit a weekly high of 50.40, dropping -5.55% in its intraday price action. The 5-day price performance for the stock is -3.56%, and 11.02% over 30 days. With these gigs, the year-to-date price performance is -11.88%. Short interest in Symbotic Inc (NASDAQ:SYM) saw shorts transact 6.89 million shares and set a 3.28 days time to cover.
Symbotic Inc (SYM) estimates and forecasts
Looking at statistics comparing Symbotic Inc share performance against respective industry, we note that the company has outperformed competitors. Symbotic Inc (SYM) shares are 47.19% up over the last 6 months, with its year-to-date growth rate higher than industry average at 94.59% against 18.30%. Revenue is forecast to grow 50.00% this quarter before jumping 85.70% for the next one. The rating firms project that company’s revenue will grow 47.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 13 analysts is $412.87 million. Meanwhile, for the quarter ending Jun 2024, a total of 13 analyst(s) estimate revenue growth to $447.96 million.
SYM Dividends
Symbotic Inc has its next earnings report out on February 05. 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 18.65% of total outstanding shares, with institutional holders owning 67.80% of the shares at 83.35% float percentage. In total, 67.80% institutions holds shares in the company, led by Softbank Group Corporation. As of Jun 29, 2023, the company held over 22.0 million shares (or 27.21% of shares), all amounting to roughly $941.82 million.
The next major institution holding the largest number of shares is SB Global Advisers Ltd with 20.0 million shares, or about 24.73% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $238.8 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Symbotic Inc (SYM) shares. Going by data provided on Jun 29, 2023, Vanguard Total Stock Market Index Fund holds roughly 0.78 million shares. This is just over 0.97% of the total shares, with a market valuation of $33.6 million. Data from the same date shows that the other fund manager holds a little less at 0.63 million, or 0.78% of the shares, all valued at about 27.16 million.
