At the time of writing, Symbotic Inc [SYM] stock is trading at $29.96, up 1.49%. 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 5.83% over the last week, with a monthly amount glided 25.72%, 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.
For the past year, the stock price of Symbotic Inc fluctuated between $17.11 and $59.82. Currently, Wall Street analysts expect the stock to reach $45.11 within the next 12 months. Symbotic Inc [NASDAQ: SYM] shares were valued at $29.96 at the most recent close of the market. An investor can expect a potential return of 50.57% based on the average SYM price forecast.
Analyzing the SYM fundamentals
According to Symbotic Inc [NASDAQ:SYM], the company’s sales were 1.68B for trailing twelve months, which represents an 57.73% jump. 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 29.07 points at the first support level, and at 28.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.08, and for the 2nd resistance point, it is at 32.21.
Ratios To Look Out For
It is important to note that Symbotic Inc [NASDAQ:SYM] has a current ratio of 1.30. Also, the Quick Ratio is 1.18, while the Cash Ratio stands at 0.83. Considering the valuation of this stock, the price to sales ratio is 1.85, the price to book ratio is 7.38.
Transactions by insiders
Recent insider trading involved Boyd William M III, Chief Strategy Officer, that happened on Oct 28 ’24 when 8826.0 shares were sold. Officer, WILLIAM MADISON BOYD III completed a deal on Oct 28 ’24 to buy 8826.0 shares. Meanwhile, Director Saintil Merline sold 5250.0 shares on Oct 24 ’24.
