Symbotic Inc (NASDAQ:SYM) has a beta value of 1.88 and has seen 2.22 million shares traded in the last trading session. The company, currently valued at $24.26B, closed the last trade at $38.78 per share which meant it gained $2.51 on the day or 6.93% during that session. The SYM stock price is -54.25% off its 52-week high price of $59.82 and 55.88% above the 52-week low of $17.11. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.67 million shares traded. The 3-month trading volume is 1.91 million shares.
The consensus among analysts is that Symbotic Inc (SYM) is Buy stock at the moment, with a recommendation rating of 1.71. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 13 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.06.
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Symbotic Inc (NASDAQ:SYM) trade information
Sporting 6.93% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SYM stock price touched $38.78 or saw a rise of 5.41%. Year-to-date, Symbotic Inc shares have moved -24.44%, while the 5-day performance has seen it change 31.52%. Over the past 30 days, the shares of Symbotic Inc (NASDAQ:SYM) have changed 35.71%. Short interest in the company has seen 13.59 million shares shorted with days to cover at 9.57.
Wall Street analysts have a consensus price target for the stock at $47, which means that the shares’ value could jump 17.49% from current levels. The projected low price target is $19.0 while the price target rests at a high of $60.0. In that case, then, we find that the current price level is -54.72% off the targeted high while a plunge would see the stock lose 51.01% from current levels.
Symbotic Inc (SYM) estimates and forecasts
Figures show that Symbotic Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -5.19% over the past 6 months, with this year growth rate of 350.00%, compared to 18.50% for the industry. Revenue growth from the last financial year stood is estimated to be 28.65%.
15 analysts offering their estimates for the company have set an average revenue estimate of 496.72M for the current quarter. 15 have an estimated revenue figure of 545.02M for the next ending quarter. Year-ago sales stood 368.45M and 424.3M respectively for this quarter and the next, and analysts expect sales will grow by 34.81% for the current quarter and 28.65% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -346.09% over the past 5 years.
SYM Dividends
Symbotic Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Symbotic Inc (NASDAQ:SYM)’s Major holders
Insiders own 16.75% of the company shares, while shares held by institutions stand at 85.58% with a share float percentage of 102.79%. Investors are also buoyed by the number of investors in a company, with Symbotic Inc having a total of 295.0 institutions that hold shares in the company. The top two institutional holders are SOFTBANK GROUP CORP. with over 39.83 million shares worth more than $1.4 billion. As of 2024-06-30, SOFTBANK GROUP CORP. held 38.8865% of shares outstanding.
The other major institutional holder is BAILLIE GIFFORD & CO, with the holding of over 10.66 million shares as of 2024-06-30. The firm’s total holdings are worth over $374.84 million and represent 10.4096% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Global X Fds-Global X Robotics & Artificial Intelligence Thematic ETF and Vanguard Growth Index Fund . As of Sep 30, 2024 , the former fund manager holds about 1.01% shares in the company for having 1.04 shares of worth $40.49 million while later fund manager owns 1.01 shares of worth $39.11 million as of Jun 30, 2024 , which makes it owner of about 0.97% of company’s outstanding stock.
