Symbotic Inc (NASDAQ: SYM) is 3.21% higher on its value in year-to-date trading and has touched a low of $17.11 and a high of $52.20 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SYM stock was last observed hovering at around $25.59 in the last trading session, with the day’s loss setting it -1.12%.
Currently trading at $24.47, the stock is -2.82% and -14.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing -4.38% at the moment leaves the stock -23.23% off its SMA200. SYM registered -42.93% loss for a year compared to 6-month loss of -36.28%. The firm has a 50-day simple moving average (SMA 50) of $28.6552 and a 200-day simple moving average (SMA200) of $31.990475.
The stock witnessed a -8.56% gain in the last 1 month and extending the period to 3 months gives it a -11.05%, and is -4.56% 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 7.87% over the week and 6.79% over the month.
Symbotic Inc (SYM) has around 1650 employees, a market worth around $14.37B and $1.80B in sales. Fwd P/E is 49.52. Profit margin for the company is -0.63%. Distance from 52-week low is 43.02% and -53.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.31%).
The EPS is expected to grow by 94.79% this year.
Symbotic Inc (SYM) Top Institutional Holders
295.0 institutions hold shares in Symbotic Inc (SYM), with institutional investors hold 102.79% of the company’s shares. The shares outstanding are 104.69M, and float is at 40.99M with Short Float at 39.19%. Institutions hold 85.58% 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 KRASNOW TODD, the company’s Director. SEC filings show that KRASNOW TODD sold 2,000 shares of the company’s common stock on Jan 02 ’25 at a price of $24.04 per share for a total of $48084.0. Following the sale, the insider now owns 0.0 shares.
Symbotic Inc disclosed in a document filed with the SEC on Jan 03 ’25 that Dunn Michael Davidsold a total of 5,365 shares of the company’s common stock. The trade occurred on Jan 03 ’25 and was made at $24.60 per share for $0.13 million. Following the transaction, the insider now directly holds 31860.0 shares of the SYM stock.
Still, SEC filings show that on Jan 03 ’25, MICHAEL D DUNN (Officer) Proposed Sale 5,365 shares at an average price of $24.60 for $0.13 million. The insider now directly holds shares of Symbotic Inc (SYM).
