Symbotic Inc (NASDAQ: SYM): To Buy Or Not To Buy, That Is The Question

Symbotic Inc (SYM) concluded trading on Thursday at a closing price of $31.82, with 12.58 million shares of worth about $400.19 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -19.73% during that period and on January 16, 2025 the price saw a gain of about 18.86%. Currently the company’s common shares owned by public are about 104.69M shares, out of which, 42.01M shares are available for trading.

Stock saw a price change of 20.30% in past 5 days and over the past one month there was a price change of 18.42%. Year-to-date (YTD), SYM shares are showing a performance of 34.20% which decreased to -22.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.11 but also hit the highest price of $52.20 during that period. The average intraday trading volume for Symbotic Inc shares is 2.37 million. The stock is currently trading 25.66% above its 20-day simple moving average (SMA20), while that difference is up 11.63% for SMA50 and it goes to 0.65% higher than SMA200.

Symbotic Inc (NASDAQ: SYM) currently have 104.69M outstanding shares and institutions hold larger chunk of about 36.89% of that.

The stock has a current market capitalization of $18.69B and its 3Y-monthly beta is at 1.77. It has posted earnings per share of -$0.12 in the same period. It has Quick Ratio of 1.23 while making debt-to-equity ratio of 0.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SYM, volatility over the week remained 6.84% while standing at 7.08% over the month.

Analysts are in expectations that Symbotic Inc (SYM) stock would likely to be making an EPS of 0.04 in the current quarter, while forecast for next quarter EPS is 0.07 and it is 0.61 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.03 which is 0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.21 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 106.01% while it is estimated to increase by 71.32% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Oppenheimer on Jan-17-25 offering an Outperform rating for the stock and assigned a target price of $35 to it. Coverage by Citigroup stated Symbotic Inc (SYM) stock as a Buy in their note to investors on January 13, 2025, suggesting a price target of $37 for the stock. Stock get a Neutral rating from DA Davidson on November 27, 2024.

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