Symbotic Inc (NASDAQ: SYM) is -36.61% 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 $31.63 in the last trading session, with the day’s gains setting it 0.91%.
Currently trading at $32.54, the stock is 11.11% and 29.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing 2.88% at the moment leaves the stock -7.53% off its SMA200. SYM registered -7.43% loss for a year compared to 6-month loss of -27.28%. The firm has a 50-day simple moving average (SMA 50) of $24.8341 and a 200-day simple moving average (SMA200) of $35.230427.
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The stock witnessed a 40.02% gain in the last 1 month and extending the period to 3 months gives it a 48.58%, and is 17.09% 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 4.95% over the week and 6.90% over the month.
Symbotic Inc (SYM) has around 1300 employees, a market worth around $3.38B and $1.68B in sales. Fwd P/E is 86.18. Profit margin for the company is -1.03%. Distance from 52-week low is 90.18% and -45.60% 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
324.0 institutions hold shares in Symbotic Inc (SYM), with institutional investors hold 101.38% of the company’s shares. The shares outstanding are 101.20M, and float is at 39.41M with Short Float at 38.49%. Institutions hold 84.43% 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
The most recent transaction is an insider sale by Hibbard Carol J., the company’s Chief Financial Officer. SEC filings show that Hibbard Carol J. sold 22,821 shares of the company’s common stock on Nov 05 ’24 at a price of $28.96 per share for a total of $0.66 million. Following the sale, the insider now owns 34188.0 shares.
Symbotic Inc disclosed in a document filed with the SEC on Nov 04 ’24 that KRASNOW TODD (Director) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Nov 04 ’24 and was made at $28.15 per share for $56307.0. Following the transaction, the insider now directly holds 0.0 shares of the SYM stock.
Still, SEC filings show that on Nov 01 ’24, GEORGE DRAMALIS (Officer) Proposed Sale 26,350 shares at an average price of $28.44 for $0.75 million. The insider now directly holds shares of Symbotic Inc (SYM).
