Symbotic Inc (NASDAQ:SYM) has a beta value of 1.87 and has seen 1.05 million shares traded in the last trading session. The company, currently valued at $20.57B, closed the last trade at $38.66 per share which meant it lost -$0.53 on the day or -1.35% during that session. The SYM stock price is -65.91% off its 52-week high price of $64.14 and 23.38% above the 52-week low of $29.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.18 million shares traded. The 3-month trading volume is 1.25 million shares.
The consensus among analysts is that Symbotic Inc (SYM) is Buy stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 10 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight.
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Symbotic Inc (NASDAQ:SYM) trade information
Sporting -1.35% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SYM stock price touched $38.66 or saw a rise of 7.42%. Year-to-date, Symbotic Inc shares have moved -24.68%, while the 5-day performance has seen it change -2.45%. Over the past 30 days, the shares of Symbotic Inc (NASDAQ:SYM) have changed 13.67%. Short interest in the company has seen 10.59 million shares shorted with days to cover at 7.71.
Wall Street analysts have a consensus price target for the stock at $54, which means that the shares’ value could jump 28.41% from current levels. The projected low price target is $19 while the price target rests at a high of $60. In that case, then, we find that the current price level is -55.2% off the targeted high while a plunge would see the stock lose 50.85% from current levels.
Symbotic Inc (SYM) estimates and forecasts
Figures show that Symbotic Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -12.34% over the past 6 months, with this year growth rate of 81.08%, compared to 14.60% for the industry.
SYM Dividends
Symbotic Inc is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Symbotic Inc (NASDAQ:SYM)’s Major holders
The top two institutional holders are VANGUARD GROUP INC with over 67.23 million shares worth more than $1.51 billion. As of 2024-03-31, VANGUARD GROUP INC held 80.6829% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 59.9 million shares as of 2024-03-31. The firm’s total holdings are worth over $1.34 billion and represent 71.8966% of shares outstanding.
