Symbotic Inc (SYM) Volatility Spurs A Quest For Clarity

Currently, there are 101.20M common shares owned by the public and among those 37.83M shares have been available to trade.

The company’s stock has a 5-day price change of -31.45% and -32.31% over the past three months. SYM shares are trading -46.91% year to date (YTD), with the 12-month market performance down to -35.40% lower. It has a 12-month low price of $29.62 and touched a high of $64.14 over the same period. SYM has an average intraday trading volume of 1.33 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 -27.92%, -28.34%, and -35.87% respectively.

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Institutional ownership of Symbotic Inc (NASDAQ: SYM) shares accounts for 28.52% of the company’s 101.20M shares outstanding.

It has a market capitalization of $14.50B and a beta (3y monthly) value of 1.87. The earnings-per-share (ttm) stands at -$0.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.96% over the week and 6.35% over the month.

Earnings per share for the fiscal year are expected to increase by 1000.15%, and 123.98% over the next financial year.

Looking at the support for the SYM, a number of firms have released research notes about the stock. Vertical Research stated their Hold rating for the stock in a research note on July 23, 2024, with the firm’s price target at $45. DA Davidson coverage for the Symbotic Inc (SYM) stock in a research note released on February 07, 2024 offered a Buy rating with a price target of $50. Needham was of a view on February 06, 2024 that the stock is Buy, while KeyBanc Capital Markets gave the stock Overweight rating on October 03, 2023, issuing a price target of $50. William Blair on their part issued Mkt Perform rating on August 01, 2023.

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