In today’s recent session, 0.44 million shares of the Symbotic Inc (NASDAQ:SYM) have been traded, and its beta is 1.81. Most recently the company’s share price was $31.02, and it changed around $1.53 or 5.21% from the last close, which brings the market valuation of the company to $3.17B. SYM at last check was trading at a discount to its 52-week high of $59.82, offering almost -92.84% off that amount. The share price’s 52-week low was $17.11, which indicates that the recent value has risen by an impressive 44.84% since then. We note from Symbotic Inc’s average daily trading volume that its 10-day average is 1.11 million shares, with the 3-month average coming to 1.78 million.

Symbotic Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.82. If we narrow it down even further, the data shows that 1 out of 17 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 4 recommended SYM as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. Symbotic Inc is expected to report earnings per share of 0.06 for the current quarter.

Symbotic Inc (NASDAQ:SYM) trade information

Instantly SYM has been showing a green trend so far today with a performance of 5.21% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 35.23 on recent trading dayincreased the stock’s daily price by 11.95%. The company’s shares are currently down -39.56% year-to-date, but still down -11.10% over the last five days. On the other hand, Symbotic Inc (NASDAQ:SYM) is 3.24% up in the 30-day period. We can see from the shorts that 13.59 million shares have been sold at a short interest cover period of 9.57 day(s).

The consensus price target as assigned by Wall Street analysts is $47, which translates to bulls needing to increase their stock price by 34.0% from its current value. Analyst projections state that SYM is forecast to be at a low of $19 and a high of $60.

Symbotic Inc (SYM) estimates and forecasts

Symbotic Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -28.05 percent over the past six months and at a 78.38% annual growth rate that is well above the industry average of 19.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 183.16% in revenue this quarter, and will report a decrease of -63.81% in the next quarter. The year-over-year growth rate is expected to be 49.38%, up from the previous year.

Consensus estimates provided by 15 financial analysts predict the company will bring in an average of 470.27M in revenue for the current quarter. 13 analysts expect Symbotic Inc to make 495.73M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 391.89M and 368.45M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 20.00%. Forecasts for the next quarter put sales growth at 34.54%.

SYM Dividends

Symbotic Inc’s next quarterly earnings report is expected to be released on 2024-Nov-18.

Symbotic Inc (NASDAQ:SYM)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 16.75% of Symbotic Inc shares, and 85.48% of them are in the hands of institutional investors. The stock currently has a share float of 102.68%. Symbotic Inc stock is held by 293.0 institutions, with SOFTBANK GROUP CORP. being the largest institutional investor. By 2024-06-30, it held 38.8865% of the shares, which is about 39.83 million shares worth $1.4 billion.

BAILLIE GIFFORD & CO, with 10.4096% or 10.66 million shares worth $374.84 million as of 2024-06-30, holds the second largest percentage of outstanding shares.