Symbotic Inc [SYM] stock prices are up 3.20% to $39.63 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SYM shares have gain 6.62% over the last week, with a monthly amount glided 4.76%, and 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.
The stock price of Symbotic Inc [SYM] has been fluctuating between $29.62 and $64.14 over the past year. Currently, Wall Street analysts expect the stock to reach $51.22 within the next 12 months. Symbotic Inc [NASDAQ: SYM] shares were valued at $39.63 at the most recent close of the market. An investor can expect a potential return of 29.25% based on the average SYM price forecast.
Analyzing the SYM fundamentals
The Symbotic Inc [NASDAQ:SYM] reported sales of 1.50B for trailing twelve months, representing a surge 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 38.62 points at the first support level, and at 37.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.62, and for the 2nd resistance point, it is at 41.60.
Ratios To Look Out For
It’s worth pointing out that Symbotic Inc [NASDAQ:SYM]’s Current Ratio is 1.36. Also, the Quick Ratio is 1.25, while the Cash Ratio stands at 0.83. Considering the valuation of this stock, the price to sales ratio is 14.09, the price to book ratio is 9.62.
Transactions by insiders
Recent insider trading involved Dunn Michael David,, that happened on Jul 02 ’24 when 5188.0 shares were sold. Director, KRASNOW TODD completed a deal on Jul 02 ’24 to sell 2000.0 shares. Meanwhile, Director Ford Rollin L. sold 49998.0 shares on Jun 07 ’24.
