Symbotic Inc [SYM] stock prices are down -3.26% to $44.50 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SYM shares have lost -0.29% over the last week, with a monthly amount drifted -1.13%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 19, March 2024, Symbotic Named to Fast Company’s Annual List of the World’s Most Innovative Companies of 2024. 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 it has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024. This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations.
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.
The stock price of Symbotic Inc [SYM] has been fluctuating between $22.40 and $64.14 over the past year. Currently, Wall Street analysts expect the stock to reach $41 within the next 12 months. Symbotic Inc [NASDAQ: SYM] shares were valued at $44.50 at the most recent close of the market. An investor can expect a potential drop of -7.87% based on the average SYM price forecast.
Analyzing the SYM fundamentals
The Symbotic Inc [NASDAQ:SYM] reported sales of 1.34B for trailing twelve months, representing a surge of 78.59%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
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 44.02 points at the first support level, and at 43.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.32, and for the 2nd resistance point, it is at 46.13.
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’s worth pointing out that Symbotic Inc [NASDAQ:SYM]’s Current Ratio is 1.11. Further, the Quick Ratio stands at 0.98, while the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 17.68, the price to book ratio is 23.58.
Transactions by insiders
Recent insider trading involved KRASNOW TODD, Director, that happened on Apr 05 ’24 when 2000.0 shares were sold., Dunn Michael David completed a deal on Apr 02 ’24 to sell 5444.0 shares. Meanwhile, Dunn Michael David sold 2000.0 shares on Apr 01 ’24.
