In the last trading session, 1.27 million Symbotic Inc (NASDAQ:SYM) shares changed hands as the company’s beta touched 1.77. With the company’s per share price at $25.13 changed hands at $0.66 or 2.70% during last session, the market valuation stood at $14.76B. SYM’s last price was a discount, traded about -107.72% off its 52-week high of $52.20. The share price had its 52-week low at $17.11, which suggests the last value was 31.91% up since then. When we look at Symbotic Inc’s average trading volume, we note the 10-day average is 1.5 million shares, with the 3-month average coming to 2.38 million.
Analysts gave the Symbotic Inc (SYM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.06. If we narrow down to specifics, the data shows that 1 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended SYM as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. Symbotic Inc’s EPS for the current quarter is expected to be 0.04.
Symbotic Inc (NASDAQ:SYM) trade information
Instantly SYM was in green as seen at the end of in last trading. With action -5.88%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 5.99%, with the 5-day performance at -5.88% in the red. However, in the 30-day time frame, Symbotic Inc (NASDAQ:SYM) is -5.81% down. Looking at the short shares, we see there were 13.59 million shares sold at short interest cover period of 9.57 days.
The consensus price target for the stock as assigned by Wall Street analysts is 40, meaning bulls need an upside of 37.18% from its current market value. According to analyst projections, SYM’s forecast low is 29 with 59 as the target high. To hit the forecast high, the stock’s price needs a -134.78% plunge from its current level, while the stock would need to soar -15.4% for it to hit the projected low.
Symbotic Inc (SYM) estimates and forecasts
Data shows that the Symbotic Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -36.59% over the past 6 months, a 250.00% in annual growth rate that is considerably higher than the industry average of 16.10%. Year-over-year growth is forecast to reach 25.58% up from the last financial year.
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of 491.83M. 15 analysts are of the opinion that Symbotic Inc’s revenue for the current quarter will be 538.6M. The company’s revenue for the corresponding quarters a year ago was 368.45M and 424.3M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 33.49%. The estimates for the next quarter sales put growth at 26.94%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -415.28%. The 2025 estimates are for Symbotic Inc earnings to increase by 94.79%.
SYM Dividends
Symbotic Inc is expected to release its next quarterly earnings report in February.
Symbotic Inc (NASDAQ:SYM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.75% of Symbotic Inc shares while 85.58% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 102.79%. There are 85.58% institutions holding the Symbotic Inc stock share, with SOFTBANK GROUP CORP. the top institutional holder. As of 2024-06-30, the company held 38.8865% of the shares, roughly 39.83 million SYM shares worth $1.4 billion.
BAILLIE GIFFORD & CO holds the second largest percentage of outstanding shares, with 10.4096% or 10.66 million shares worth $374.84 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Growth Index Fund and Global X Fds-Global X Robotics & Artificial Intelligence Thematic ETF . With 1.22 shares estimated at $30.69 million under it, the former controlled 1.15% of total outstanding shares. On the other hand, Global X Fds-Global X Robotics & Artificial Intelligence Thematic ETF held about 0.96% of the shares, roughly 1.02 shares worth around $25.56 million.
