Currently, there are 82.11M common shares owned by the public and among those 19.01M shares have been available to trade.
Insiders at the company have transacted a total of 62 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 53,846,689 shares. Insider sales of the common stock occurred on 46 occasions, with total insider shares sold totaling 27,039,107 shares.
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The company’s stock has a 5-day price change of -14.04% and 2.71% over the past three months. SYM shares are trading -26.14% year to date (YTD), with the 12-month market performance up to 149.41% higher. It has a 12-month low price of $14.14 and touched a high of $64.14 over the same period. SYM has an average intraday trading volume of 1.45 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.33%, -22.30%, and -6.77% respectively.
Institutional ownership of Symbotic Inc (NASDAQ: SYM) shares accounts for 14.46% of the company’s 82.11M shares outstanding.
It has a market capitalization of $20.17B and a beta (3y monthly) value of 2.03. The earnings-per-share (ttm) stands at -$0.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.25% over the week and 6.23% over the month.
Analysts forecast that Symbotic Inc (SYM) will achieve an EPS of -$0.02 for the current quarter, $0.02 for the next quarter and $0.52 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.06 while analysts give the company a high EPS estimate of $0.01. Comparatively, EPS for the current quarter was -$0.1 a year ago. Earnings per share for the fiscal year are expected to increase by 906.34%, and 206.04% over the next financial year.
Looking at the support for the SYM, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on Feb-07-24, with the firm’s price target at $58-$54.