Are Symbotic Inc (NASDAQ: SYM) Shares Ready For A Price Rise?

In the latest trading session, 1.13 million Symbotic Inc (NASDAQ:SYM) shares changed hands as the company’s beta touched 1.87. With the company’s most recent per share price at $35.65 changed hands at -$2.39 or -6.28% at last look, the market valuation stands at $18.97B. SYM’s current price is a discount, trading about -79.92% off its 52-week high of $64.14. The share price had its 52-week low at $29.62, which suggests the last value was 16.91% up since then. When we look at Symbotic Inc’s average trading volume, we note the 3-month average coming to 1.22 million.

Symbotic Inc (NASDAQ:SYM) trade information

Instantly SYM was in red as seen in intraday trades today. With action -1.49%, the performance over the past five days has been red. The drop to weekly highs of 38.42 subtracted -6.28% to the stock’s daily price. The company’s shares are showing year-to-date downside of -30.55%, with the 5-day performance at -1.49% in the red. However, in the 30-day time frame, Symbotic Inc (NASDAQ:SYM) is -3.10% down.

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Symbotic Inc (SYM) estimates and forecasts

Data shows that the Symbotic Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -21.15% over the past 6 months, a 81.08% in annual growth rate that is considerably higher than the industry average of 14.60%. Year-over-year growth is forecast to reach 50.20% up from the last financial year.

Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of 462.14M. 14 analysts are of the opinion that Symbotic Inc’s revenue for the current quarter will be 513.58M. The estimates for the next quarter sales put growth at 31.10%.

The 2024 estimates are for Symbotic Inc earnings to increase by 1162.26%.

SYM Dividends

Symbotic Inc is expected to release its next quarterly earnings report in August.