In recent trading session, Symbotic Inc (NASDAQ:SYM) saw 0.39 million shares changing hands at last check today with its beta currently measuring 1.82. Company’s recent per share price level of $32.37 trading at $0.74 or 2.34% at last check today assigns it a market valuation of $3.36B. That most recent trading price of SYM’s stock is at a discount of -84.8% from its 52-week high price of $59.82 and is indicating a premium of 47.14% from its 52-week low price of $17.11. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.97 million shares which gives us an average trading volume of 1.84 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 1.82. 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. The company is expected to be making an EPS of 0.05 in the current quarter.
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Symbotic Inc (NASDAQ:SYM) trade information
Upright in the green today for gaining 2.34%, in the last five days SYM remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $32.37 price level, adding 1.58% to its value on the day. Symbotic Inc’s shares saw a change of -36.94% in year-to-date performance and have moved 16.48% in past 5-day. Symbotic Inc (NASDAQ:SYM) showed a performance of 39.29% in past 30-days. Number of shares sold short was 15.17 million shares which calculate 7.73 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 47 to the stock, which implies a rise of 31.13% to its recent value today. 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 41.3% in reaching the projected high whereas dropping to the targeted low would mean a gain of 41.3% 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 -27.66% of value to its shares in past 6 months, showing an annual growth rate of 78.38% while that of industry is 19.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 49.20% from the last financial year’s standing.
15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 470.28M for the same. And 13 analysts are in estimates of company making revenue of 495.73M in the next quarter. Company posted 391.89M and 368.86M of sales in current and next quarters respectively a year earlier.
Symbotic Inc (NASDAQ:SYM)’s Major holders
Insiders are in possession of 16.72% of company’s total shares while institution are holding 84.43 percent of that, with stock having share float percentage of 101.38%. Investors also watch the number of corporate investors in a company very closely, which is 84.43% institutions for Symbotic Inc that are currently holding shares of the company. SOFTBANK GROUP CORP. is the top institutional holder at SYM for having 39.83 million shares of worth $1.4 billion. And as of 2024-06-30, it was holding 38.8865 of the company’s outstanding shares.
The second largest institutional holder is BAILLIE GIFFORD & CO, which was holding about 10.66 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.4096 of outstanding shares, having a total worth of $374.84 million.
