Symbotic Inc [SYM] stock is trading at $35.20, up 8.11%. 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 gain 3.50% over the last week, with a monthly amount drifted -14.79%, and not seem to be holding up well over a long-time horizon.
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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.
Symbotic Inc [SYM] stock has fluctuated between $29.62 and $64.14 over the past year. Currently, Wall Street analysts expect the stock to reach $50.88 within the next 12 months. Symbotic Inc [NASDAQ: SYM] shares were valued at $35.20 at the most recent close of the market. An investor can expect a potential return of 44.55% based on the average SYM price forecast.
Analyzing the SYM fundamentals
Symbotic Inc [NASDAQ:SYM] reported sales of 1.50B for the trailing twelve months, which represents a growth of 59.00%. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.47 and Total Capital is -0.33. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
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 33.32 points at the first support level, and at 31.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.19, and for the 2nd resistance point, it is at 37.17.
Ratios To Look Out For
For context, Symbotic Inc’s Current Ratio is 1.36. Further, the Quick Ratio stands at 1.25, while the Cash Ratio is 0.83. Considering the valuation of this stock, the price to sales ratio is 12.51, the price to book ratio is 8.54.
Transactions by insiders
Recent insider trading involved Ford Rollin L., Director, that happened on Jun 07 ’24 when 49998.0 shares were sold., Dunn Michael David completed a deal on Jun 03 ’24 to sell 2000.0 shares. Meanwhile, Director KRASNOW TODD sold 2000.0 shares on Jun 03 ’24.
