Symbotic Inc (NASDAQ: SYM) is -52.90% lower on its value in year-to-date trading and has touched a low of $17.11 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 $23.83 in the last trading session, with the day’s gains setting it 0.34%.
Currently trading at $24.17, the stock is 9.12% and 1.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing 1.45% at the moment leaves the stock -36.16% off its SMA200. SYM registered -29.97% loss for a year compared to 6-month loss of -45.83%. The firm has a 50-day simple moving average (SMA 50) of $23.5615 and a 200-day simple moving average (SMA200) of $37.73545.
The stock witnessed a 34.53% gain in the last 1 month and extending the period to 3 months gives it a -31.59%, and is 4.56% 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 5.49% over the week and 6.87% over the month.
Symbotic Inc (SYM) has around 1300 employees, a market worth around $12.86B and $1.68B in sales. Fwd P/E is 64.05. Profit margin for the company is -1.03%. Distance from 52-week low is 41.29% and -59.59% 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 975.15% this year
321.0 institutions hold shares in Symbotic Inc (SYM), with institutional investors hold 96.91% of the company’s shares. The shares outstanding are 101.20M, and float is at 39.44M with Short Float at 39.81%. Institutions hold 80.72% of the Float.
The top institutional shareholder in the company is SOFTBANK GROUP CORP. with over 39.83 million shares valued at $1.4 billion. The investor’s holdings represent 38.8865 of the SYM Shares outstanding. As of 2024-06-30, the second largest holder is BAILLIE GIFFORD & CO with 10.66 million shares valued at $374.84 million to account for 10.4096 of the shares outstanding. The other top investors are SVF SPONSOR III (DE) LLC which holds 9.09 million shares representing 8.8757 and valued at over $319.6 million, while VANGUARD GROUP INC holds 3.1 of the shares totaling 3.17 million with a market value of $111.63 million.
Symbotic Inc (SYM) Insider Activity
Still, SEC filings show that on Sep 03 ’24, KRASNOW TODD (Director) disposed off 2,000 shares at an average price of $18.75 for $37503.0. The insider now directly holds 0 shares of Symbotic Inc (SYM).
