Symbotic Inc (NASDAQ: SYM) Could Have Exceptional Returns?

In the last trading session, 3.14 million shares of the Symbotic Inc (NASDAQ:SYM) were traded, and its beta was 1.73. Most recently the company’s share price was $28.55, and it changed around $0.6 or 2.15% from the last close, which brings the market valuation of the company to $16.80B. SYM currently trades at a discount to its 52-week high of $58.28, offering almost -104.13% off that amount. The share price’s 52-week low was $17.11, which indicates that the current value has risen by an impressive 40.07% since then. We note from Symbotic Inc’s average daily trading volume that its 10-day average is 5.87 million shares, with the 3-month average coming to 2.44 million.

Symbotic Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.20. 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, 7 recommended SYM as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight.

Symbotic Inc (NASDAQ:SYM) trade information

Instantly SYM has showed a green trend with a performance of 2.15% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 31.08 on recent trading dayincreased the stock’s daily price by 8.14%. The company’s shares are currently down -44.38% year-to-date, but still up 11.31% over the last five days. On the other hand, Symbotic Inc (NASDAQ:SYM) is -12.26% down 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 $40, which translates to bulls needing to increase their stock price by 28.62% from its current value. Analyst projections state that SYM is forecast to be at a low of $29 and a high of $59.

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 -24.31 percent over the past six months and at a 250.00% annual growth rate that is well above the industry average of 16.50%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -403.86%.

SYM Dividends

Symbotic Inc’s next quarterly earnings report is expected to be released in January.

Symbotic Inc (NASDAQ:SYM)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 16.75% of Symbotic Inc shares, and 85.58% of them are in the hands of institutional investors. The stock currently has a share float of 102.79%. Symbotic Inc stock is held by 295.0 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.