During the last session, Symbotic Inc (NASDAQ:SYM)’s traded shares were 0.88 million, with the beta value of the company hitting 1.87. At the end of the trading day, the stock’s price was $34.47, reflecting an intraday loss of -5.07% or -$1.84. The 52-week high for the SYM share is $59.82, that puts it down -73.54 from that peak though still a striking 50.36% gain since the share price plummeted to a 52-week low of $17.11. The company’s market capitalization is $20.18B, and the average intraday trading volume over the past 10 days was 2.48 million shares, and the average trade volume was 1.90 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 1.71. 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 0.06.
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Symbotic Inc (NASDAQ:SYM) trade information
Symbotic Inc (SYM) registered a -5.07% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -5.07% in intraday trading to $34.47, hitting a weekly high. The stock’s 5-day price performance is 15.17%, and it has moved by 21.76% in 30 days. Based on these gigs, the overall price performance for the year is -33.81%. The short interest in Symbotic Inc (NASDAQ:SYM) is 13.59 million shares and it means that shorts have 9.57 day(s) to cover.
The consensus price target of analysts on Wall Street is $47, which implies an increase of 26.66% 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 -74.06% off the target high and 44.88% 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 -16.90% during the last six months, with a year-to-date growth rate more than the industry average at 512.50% against 18.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -73.40% this quarter and then drop -75.69% in the quarter after that. In the rating firms’ projections, revenue will increase 28.65% 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 496.72M as predicted by 15 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to 545.02M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 368.45M and 424.3M respectively. In this case, analysts expect current quarter sales to grow by 34.81% and then jump by 28.45% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -346.09%. While earnings are projected to return 86.94% in 2024.
SYM Dividends
Symbotic Inc is due to release its next quarterly earnings in December. 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 16.75% of total outstanding shares while institutional holders control 85.58%, with the float percentage being 102.79%. SOFTBANK GROUP CORP. is the largest shareholder of the company, while 295.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of Symbotic Inc (SYM) shares are Global X Fds-Global X Robotics & Artificial Intelligence Thematic ETF and Vanguard Growth Index Fund. Data provided on Sep 30, 2024 indicates that Global X Fds-Global X Robotics & Artificial Intelligence Thematic ETF owns about 1.04 shares. This amounts to just over 1.01 percent of the company’s overall shares, with a $35.79 million market value. The same data shows that the other fund manager holds slightly less at 1.01, or about 0.97% of the stock, which is worth about $34.58 million.
