In last trading session, Symbotic Inc (NASDAQ:SYM) saw 2.07 million shares changing hands with its beta currently measuring 1.74. Company’s recent per share price level of $23.97 trading at -$1.56 or -6.11% at ring of the bell on the day assigns it a market valuation of $14.08B. That closing price of SYM’s stock is at a discount of -143.14% from its 52-week high price of $58.28 and is indicating a premium of 28.62% 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 2.85 million shares which gives us an average trading volume of 2.43 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 2.25. 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 0.04 in the current quarter.
Symbotic Inc (NASDAQ:SYM) trade information
Upright in the red during last session for losing -6.11%, in the last five days SYM remained trading in the red while hitting it’s week-highest on Friday, 12/13/24 when the stock touched $23.97 price level, adding 12.68% to its value on the day. Symbotic Inc’s shares saw a change of -53.30% in year-to-date performance and have moved -10.16% in past 5-day. Symbotic Inc (NASDAQ:SYM) showed a performance of -21.56% in past 30-days. Number of shares sold short was 13.59 million shares which calculate 9.57 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 40 to the stock, which implies a rise of 40.08% to its current value. Analysts have been projecting 29 as a low price target for the stock while placing it at a high target of 59. It follows that stock’s current price would drop -20.98% in reaching the projected high whereas dropping to the targeted low would mean a loss of -20.98% 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 -29.52% of value to its shares in past 6 months, showing an annual growth rate of 250.00% while that of industry is 16.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 26.64% from the last financial year’s standing.
14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 494.56M for the same. And 14 analysts are in estimates of company making revenue of 543.01M in the next quarter. Company posted 368.45M and 424.3M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -415.28% during past 5 years.
Symbotic Inc (NASDAQ:SYM)’s Major holders
Insiders are in possession of 16.75% of company’s total shares while institution are holding 85.58 percent of that, with stock having share float percentage of 102.79%. Investors also watch the number of corporate investors in a company very closely, which is 85.58% 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.
