In last trading session, Symbotic Inc (NASDAQ:SYM) saw 1.55 million shares changing hands with its beta currently measuring 1.87. Company’s recent per share price level of $37.84 trading at $1.65 or 4.56% at ring of the bell on the day assigns it a market valuation of $20.13B. That closing price of SYM’s stock is at a discount of -69.5% from its 52-week high price of $64.14 and is indicating a premium of 21.72% from its 52-week low price of $29.62. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.18 million shares which gives us an average trading volume of 1.28 million if we extend that period to 3-months.
For Symbotic Inc (SYM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.88. Splitting up the data highlights that, out of 13 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Symbotic Inc (NASDAQ:SYM) trade information
Upright in the green during last session for gaining 4.56%, in the last five days SYM remained trading in the red while hitting it’s week-highest on Tuesday, 07/23/24 when the stock touched $37.84 price level, adding 5.54% to its value on the day. Symbotic Inc’s shares saw a change of -26.28% in year-to-date performance and have moved -1.69% in past 5-day. Symbotic Inc (NASDAQ:SYM) showed a performance of 19.11% in past 30-days. Number of shares sold short was 11.28 million shares which calculate 8.06 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 54 to the stock, which implies a rise of 29.93% to its current value. Analysts have been projecting 19 as a low price target for the stock while placing it at a high target of 60. It follows that stock’s current price would jump 49.79% in reaching the projected high whereas dropping to the targeted low would mean a gain of 49.79% for stock’s current value.
Symbotic Inc (SYM) estimates and forecasts
Statistics highlight that Symbotic Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -7.73% of value to its shares in past 6 months, showing an annual growth rate of 91.89% while that of industry is 14.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
SYM Dividends
Symbotic Inc is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Symbotic Inc (NASDAQ:SYM)’s Major holders
Insiders are in possession of 16.97% of company’s total shares while institution are holding 75.72 percent of that, with stock having share float percentage of 91.20%. Investors also watch the number of corporate investors in a company very closely, which is 75.72% institutions for Symbotic Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at SYM for having 67.23 million shares of worth $1.51 billion. And as of 2024-03-31, it was holding 80.6829 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 59.9 million shares on 2024-03-31. The number of shares represents firm’s hold over 71.8966 of outstanding shares, having a total worth of $1.34 billion.
