During the last session, Symbotic Inc (NASDAQ:SYM)’s traded shares were 1.04 million, with the beta value of the company hitting 1.85. At the end of the trading day, the stock’s price was $33.50, reflecting an intraday gain of 0.63% or $0.21. The 52-week high for the SYM share is $52.20, that puts it down -55.82 from that peak though still a striking 48.93% gain since the share price plummeted to a 52-week low of $17.11. The company’s market capitalization is $19.68B, and the average intraday trading volume over the past 10 days was 3.24 million shares, and the average trade volume was 2.68 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 2.00. 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.
Symbotic Inc (NASDAQ:SYM) trade information
Symbotic Inc (SYM) registered a 0.63% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.63% in intraday trading to $33.50, hitting a weekly high. The stock’s 5-day price performance is 25.14%, and it has moved by 45.40% in 30 days. Based on these gigs, the overall price performance for the year is -26.05%. 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 $40, which implies an increase of 16.25% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $29 and $59 respectively. As a result, SYM is trading at a discount of -76.12% off the target high and 13.43% 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 -15.72% during the last six months, with a year-to-date growth rate more than the industry average at 262.50% against 15.30.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -415.28%. While earnings are projected to return 115.56% in 2025, the next five years will return 30.00% per annum.
SYM Dividends
Symbotic Inc is due to release its next quarterly earnings in February. 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.
