At the time of writing, Symbotic Inc [SYM] stock is trading at $44.62, up 4.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The SYM shares have gain 9.02% over the last week, with a monthly amount glided 13.59%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, Symbotic Announces Pricing of Primary and Secondary Offering of Class A Common Stock. In a post published today on Yahoo Finance, Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the pricing of its previously announced underwritten public offering (the “Offering”) of 10,000,000 shares of its Class A common stock by the Company and certain trusts for the benefit of, and entities controlled by, Richard Cohen, the Company’s founder, chairman and chief executive officer, or members of his family (the “Selling Securityholders”). In the offering, 5,000,000 shares of Class A common stock are being sold by the Company and 5,000,000 shares of Class A common stock are being sold by the Selling Securityholders, each at a public offering price of $40.50 per share. In addition, Symbotic has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its Class A common stock at the public offering price, less underwriting discounts and commissions.
From an analyst’s perspective:
Symbotic Inc [NASDAQ: SYM] stock has seen the most recent analyst activity on February 07, 2024, when DA Davidson upgraded its rating to a Buy but kept the price target unchanged to $50 for it. Previously, Needham reaffirmed its Buy rating on February 06, 2024, and dropped its price target to $54. On October 03, 2023, KeyBanc Capital Markets initiated with a Overweight rating and assigned a price target of $50 on the stock. William Blair downgraded its rating to a Mkt Perform. DA Davidson downgraded its rating to a Neutral and raised its price target to $50 on August 01, 2023. UBS downgraded its rating to Neutral for this stock on June 29, 2023, and upped its price target to $40.
For the past year, the stock price of Symbotic Inc fluctuated between $16.03 and $64.14. Currently, Wall Street analysts expect the stock to reach $38.75 within the next 12 months. Symbotic Inc [NASDAQ: SYM] shares were valued at $44.62 at the most recent close of the market. An investor can expect a potential drop of -13.16% based on the average SYM price forecast.
Analyzing the SYM fundamentals
According to Symbotic Inc [NASDAQ:SYM], the company’s sales were 1.34B for trailing twelve months, which represents an 78.59% jump. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -2.82 and Total Capital is -0.76. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.23.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 42.63 points at the first support level, and at 40.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.83, and for the 2nd resistance point, it is at 49.04.
Symbotic Inc [SYM] reported earnings per share of -$0.02 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.06/share, meaning a difference of $0.04 and a surprise factor of 66.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.08 per share as compared to estimates of -$0.12 per share, a difference of $0.04 representing a surprise of 33.30%.
Ratios To Look Out For
It is important to note that Symbotic Inc [NASDAQ:SYM] has a current ratio of 1.11. On the other hand, the Quick Ratio is 0.98, and the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 17.73, the price to book ratio is 23.64.
Transactions by insiders
Recent insider trading involved KRASNOW TODD, Director, that happened on Mar 01 ’24 when 2000.0 shares were sold. 10% Owner, Cohen Janet L completed a deal on Feb 26 ’24 to sell 5.0 million shares. Meanwhile, Cohen Richard B sold 5.0 million shares on Feb 26 ’24.
