Check out this: Symbotic Inc (SYM) could be on the verge of a big rally

Symbotic Inc (NASDAQ: SYM) is -9.00% lower on its value in year-to-date trading and has touched a low of $14.14 and a high of $64.14 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SYM stock was last observed hovering at around $46.71 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $46.71, the stock is 7.65% and -2.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.49 million and changing 0.00% at the moment leaves the stock 14.22% off its SMA200. SYM registered 179.20% gain for a year compared to 6-month loss of 7.31%. The firm has a 50-day simple moving average (SMA 50) of $2.60 and a 200-day simple moving average (SMA200) of -$21.74.

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The stock witnessed a 9.29% gain in the last 1 month and extending the period to 3 months gives it a 47.21%, and is -5.83% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.24% over the week and 7.17% over the month.

Fwd P/E is 94.64. Profit margin for the company is -1.39%. Distance from 52-week low is 230.34% and -27.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.45%).

Symbotic Inc quarterly earnings per share for the current quarter are estimated at -$0.03 with sales reaching $410.76M over the same period.The EPS is expected to grow by 906.34% this year, but quarterly earnings will post 48.00% year-over-year.

Symbotic Inc (SYM) Top Institutional Holders

216 institutions hold shares in Symbotic Inc (SYM), with institutional investors hold 78.29% of the company’s shares. The shares outstanding are 82.11M, and float is at 19.02M with Short Float at 45.18%. Institutions hold 47.10% of the Float.

The top institutional shareholder in the company is Softbank Group Corporation with over 22.0 million shares valued at $941.82 million. The investor’s holdings represent 27.21% of the SYM Shares outstanding. As of Dec 30, 2022, the second largest holder is SB Global Advisers Ltd with 20.0 million shares valued at $238.8 million to account for 24.73% of the shares outstanding. The other top investors are Svf Sponsor III (de) LLC which holds 9.09 million shares representing 11.24% and valued at over $389.14 million, while Vanguard Group Inc holds 2.60% of the shares totaling 2.1 million with a market value of $89.94 million.

Symbotic Inc (SYM) Insider Activity

A total of 25 insider transactions have happened at Symbotic Inc (SYM) in the last six months, with sales accounting for 19 and purchases happening 6 times. The most recent transaction is an insider sale by KRASNOW TODD,the company’sDirector. SEC filings show that KRASNOW TODD sold 2,000 shares of the company’s common stock on Feb 05 at a price of $51.50 per share for a total of $0.1 million. Following the sale, the insider now owns 0.0 shares.

Symbotic Inc disclosed in a document filed with the SEC on Jan 30 that Dunn Michael Davidsold a total of 7,051 shares of the company’s common stock. The trade occurred on Jan 30 and was made at $45.00 per share for $0.32 million. Following the transaction, the insider now directly holds 65646.0 shares of the SYM stock.

Still, SEC filings show that on Jan 25, Boyd William M III (Chief Strategy Officer) disposed off 405 shares at an average price of $40.77 for $16511.0. The insider now directly holds 23,012 shares of Symbotic Inc (SYM).