Symbotic Inc (NASDAQ:SYM)’s traded shares stood at 1.02 million during the latest session, with the company’s beta value hitting 1.80. At the last check today, the stock’s price was $26.59, to imply an increase of 2.29% or $0.6 in intraday trading. The SYM share’s 52-week high remains $50.40, putting it -89.54% down since that peak but still an impressive 35.65% since price per share fell to its 52-week low of $17.11. The company has a valuation of $15.65B, with an average of 2.55 million shares in intraday trading volume over the past 10 days and average of 2.94 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Symbotic Inc (SYM), translating to a mean rating of 2.05. Of 13 analyst(s) looking at the stock, 1 analyst(s) give SYM a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 10 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.05.
Symbotic Inc (NASDAQ:SYM) trade information
After registering a 2.29% upside in the latest session, Symbotic Inc (SYM) has traded red over the past five days. The 5-day price performance for the stock is -9.42%, and 3.89% over 30 days. With these gigs, the year-to-date price performance is 12.13%. Short interest in Symbotic Inc (NASDAQ:SYM) saw shorts transact 13.59 million shares and set a 9.57 days time to cover.
The extremes give us $29 and $35 for target low and target high price respectively. As such, SYM has been trading -31.63% off suggested target high and -9.06% from its likely low.
Symbotic Inc (SYM) estimates and forecasts
Looking at statistics comparing Symbotic Inc share performance against respective industry, we note that the company has outperformed competitors. Symbotic Inc (SYM) shares are 22.12% up over the last 6 months, with its year-to-date growth rate higher than industry average at 262.50% against 13.60%. The rating firms project that company’s revenue will grow 24.43% compared to the previous financial year.
Revenue forecast for the current quarter as set by 16 analysts is 529.58M. Meanwhile, for the current quarter, a total of 16 analyst(s) estimate revenue growth to 566.29M.Earnings reports from the last fiscal year show that sales brought in 424.3M and 491.86M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 24.81% before jumping 15.13% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -415.28% for the past 5-year period. While 2025 is set for a 108.69% return in earnings, projections for the next 5 years are at 75.97% annually.
SYM Dividends
Symbotic Inc has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Symbotic Inc (NASDAQ:SYM)’s Major holders
Symbotic Inc insiders hold 16.75% of total outstanding shares, with institutional holders owning 85.58% of the shares at 102.79% float percentage. In total, 85.58% institutions holds shares in the company, led by SOFTBANK GROUP CORP.. As of 2024-06-30, the company held over 39.83 million shares (or 38.8865% of shares), all amounting to roughly $1.4 billion.
The next major institution holding the largest number of shares is BAILLIE GIFFORD & CO with 10.66 million shares, or about 10.4096% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $374.84 million.
We also have Vanguard Growth Index Fund and Global X Fds-Global X Robotics & Artificial Intelligence Thematic ETF as the top two Mutual Funds with the largest holdings of the Symbotic Inc (SYM) shares. Going by data provided on Sep 30, 2024 , Vanguard Growth Index Fund holds roughly 1.22 shares. This is just over 1.14% of the total shares, with a market valuation of $32.51 million. Data from the same date shows that the other fund manager holds a little less at 1.02, or 0.95% of the shares, all valued at about 27.02 million.
