Symbotic Inc (NASDAQ: SYM) is 41.00% 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 $29.76 in the last trading session, with the day’s gains setting it 3.67%.
Currently trading at $33.43, the stock is 28.54% and 16.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.91 million and changing 12.33% at the moment leaves the stock 6.18% off its SMA200. SYM registered -19.99% loss for a year compared to 6-month loss of -14.70%. The firm has a 50-day simple moving average (SMA 50) of $28.5294 and a 200-day simple moving average (SMA200) of $31.540476.
The stock witnessed a 30.94% gain in the last 1 month and extending the period to 3 months gives it a 13.78%, and is 36.62% 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 8.98% over the week and 7.52% over the month.
Symbotic Inc (SYM) has around 1650 employees, a market worth around $19.65B and $1.80B in sales. Fwd P/E is 67.66. Profit margin for the company is -0.63%. Distance from 52-week low is 95.38% and -35.96% 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 121.85% 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 42.01M with Short Float at 38.24%. 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 Dunn Michael David. SEC filings show that Dunn Michael David sold 13,114 shares of the company’s common stock on Jan 16 ’25 at a price of $32.19 per share for a total of $0.42 million. Following the sale, the insider now owns 18746.0 shares.
Still, SEC filings show that on Jan 02 ’25, KRASNOW TODD (Director) disposed off 2,000 shares at an average price of $24.04 for $48084.0. The insider now directly holds 0 shares of Symbotic Inc (SYM).
