During the last session, Symbotic Inc (NASDAQ:SYM)’s traded shares were 1.64 million, with the beta value of the company hitting 1.84. At the end of the trading day, the stock’s price was $29.96, reflecting an intraday gain of 1.49% or $0.44. The 52-week high for the SYM share is $59.82, that puts it down -99.67 from that peak though still a striking 42.89% gain since the share price plummeted to a 52-week low of $17.11. The company’s market capitalization is $3.11B, and the average intraday trading volume over the past 10 days was 1.17 million shares, and the average trade volume was 2.08 million shares over the past three months.
Symbotic Inc (SYM) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.82. SYM has a Sell rating from 1 analyst(s) out of 13 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 10 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.05.
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Symbotic Inc (NASDAQ:SYM) trade information
Symbotic Inc (SYM) registered a 1.49% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.49% in intraday trading to $29.96, hitting a weekly high. The stock’s 5-day price performance is 5.83%, and it has moved by 25.72% in 30 days. Based on these gigs, the overall price performance for the year is -15.94%. The short interest in Symbotic Inc (NASDAQ:SYM) is 15.17 million shares and it means that shorts have 7.73 day(s) to cover.
The consensus price target of analysts on Wall Street is $47, which implies an increase of 36.26% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $19 and $60 respectively. As a result, SYM is trading at a discount of -100.27% off the target high and 36.58% off the low.
Symbotic Inc (SYM) estimates and forecasts
Statistics show that Symbotic Inc has outperformed its competitors in share price, compared to the industry in which it operates. Symbotic Inc (SYM) shares have gone down -22.02% during the last six months, with a year-to-date growth rate more than the industry average at 78.38% against 18.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 162.50% this quarter and then jump 66.70% in the quarter after that. In the rating firms’ projections, revenue will increase 49.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 470.28M as predicted by 15 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 495.73M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 391.89M and 368.86M respectively. In this case, analysts expect current quarter sales to grow by 20.00% and then jump by 34.40% in the coming quarter.
While earnings are projected to return 975.15% in 2024.
SYM Dividends
Symbotic Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Symbotic Inc (NASDAQ:SYM)’s Major holders
Symbotic Inc insiders own 16.72% of total outstanding shares while institutional holders control 81.23%, with the float percentage being 97.54%. SOFTBANK GROUP CORP. is the largest shareholder of the company, while 327.0 institutions own stock in it. As of 2024-06-30, the company held over 39.83 million shares (or 38.8865% of all shares), a total value of $1.4 billion in shares.
The next largest institutional holding, with 10.66 million shares, is of BAILLIE GIFFORD & CO’s that is approximately 10.4096% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $374.84 million.
