Symbotic Inc [SYM] stock prices are down -4.43% to $24.39 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SYM shares have gain 3.70% over the last week, with a monthly amount glided 26.11%, 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 July 23, 2024, when Vertical Research initiated its Hold rating and assigned the stock a price target of $45. Previously, DA Davidson upgraded its rating to Buy on February 07, 2024, and kept the price target unchanged to $50. On February 06, 2024, Needham reiterated its Buy rating and revised its price target to $54 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $50 on October 03, 2023. William Blair downgraded its rating to a Mkt Perform. DA Davidson downgraded its rating to Neutral for this stock on August 01, 2023, and upped its price target to $50. In a note dated June 29, 2023, UBS downgraded an Neutral rating on this stock and boosted its target price from $34 to $40.
The stock price of Symbotic Inc [SYM] has been fluctuating between $17.11 and $59.82 over the past year. Currently, Wall Street analysts expect the stock to reach $45.11 within the next 12 months. Symbotic Inc [NASDAQ: SYM] shares were valued at $24.39 at the most recent close of the market. An investor can expect a potential return of 84.95% based on the average SYM price forecast.
Analyzing the SYM fundamentals
The Symbotic Inc [NASDAQ:SYM] reported sales of 1.68B for trailing twelve months, representing a surge of 57.73%. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.31 and Total Capital is -0.29. 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 23.92 points at the first support level, and at 23.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.27, and for the 2nd resistance point, it is at 26.16.
Ratios To Look Out For
It’s worth pointing out that Symbotic Inc [NASDAQ:SYM]’s Current Ratio is 1.30. On the other hand, the Quick Ratio is 1.18, and the Cash Ratio is 0.83. Considering the valuation of this stock, the price to sales ratio is 7.74, the price to book ratio is 6.01.
Transactions by insiders
Recent insider trading involved KRASNOW TODD, Director, that happened on Sep 03 ’24 when 2000.0 shares were sold. Officer, Todd Krasnow completed a deal on Sep 03 ’24 to buy 6000.0 shares. Meanwhile, Officer MIRIAM ORT bought 9976.0 shares on Aug 09 ’24.
