Symbotic Inc (NASDAQ: SYM) is -53.50% lower on its value in year-to-date trading and has touched a low of $20.90 and a high of $59.82 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 $25.17 in the last trading session, with the day’s loss setting it -1.3%.
Currently trading at $23.87, the stock is -10.85% and -26.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.38 million and changing -5.16% at the moment leaves the stock -42.12% off its SMA200. SYM registered -36.58% loss for a year compared to 6-month loss of -42.72%.
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The stock witnessed a -38.26% gain in the last 1 month and extending the period to 3 months gives it a -44.64%, and is 9.90% up 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 8.61% over the week and 8.59% over the month.
Symbotic Inc (SYM) has around 1300 employees, a market worth around $12.70B and $1.68B in sales. Fwd P/E is 58.59. Profit margin for the company is -1.03%. Distance from 52-week low is 14.21% and -60.10% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.95%).
The EPS is expected to grow by 985.89% this year.
Symbotic Inc (SYM) Top Institutional Holders
321.0 institutions hold shares in Symbotic Inc (SYM), with institutional investors hold 95.61% of the company’s shares. The shares outstanding are 101.20M, and float is at 38.07M with Short Float at 32.83%. Institutions hold 79.63% of the Float.
The top institutional shareholder in the company is SOFTBANK GROUP CORP. with over 39.83 million shares valued at $1.79 billion. The investor’s holdings represent 42.8028 of the SYM Shares outstanding. As of 2024-03-31, the second largest holder is BAILLIE GIFFORD & CO with 9.48 million shares valued at $426.75 million to account for 10.1924 of the shares outstanding. The other top investors are SVF SPONSOR III (DE) LLC which holds 9.09 million shares representing 9.7696 and valued at over $409.05 million, while CREDIT SUISSE AG/ holds 4.7294 of the shares totaling 3.94 million with a market value of $88.31 million.
Symbotic Inc (SYM) Insider Activity
Symbotic Inc disclosed in a document filed with the SEC on Aug 05 ’24 that KRASNOW TODD (Director) sold a total of 17,000 shares of the company’s common stock. The trade occurred on Aug 05 ’24 and was made at $21.46 per share for $0.36 million. Following the transaction, the insider now directly holds 0.0 shares of the SYM stock.
Still, SEC filings show that on Aug 05 ’24, Todd Krasnow (Officer) Proposed Sale 15,000 shares at an average price of $23.70 for $0.36 million. The insider now directly holds shares of Symbotic Inc (SYM).
