A share price of Symbotic Inc [SYM] is currently trading at $32.54, up 2.88%. 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 17.09% over the last week, with a monthly amount glided 40.02%, 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.
Symbotic Inc experienced fluctuations in its stock price throughout the past year 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 $32.54 at the most recent close of the market. An investor can expect a potential return of 38.63% based on the average SYM price forecast.
Analyzing the SYM fundamentals
Trailing Twelve Months sales for Symbotic Inc [NASDAQ:SYM] were 1.68B which represents 57.73% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 31.93 points at the first support level, and at 31.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.02, and for the 2nd resistance point, it is at 33.50.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Symbotic Inc [NASDAQ:SYM] is 1.30. Further, the Quick Ratio stands at 1.18, while the Cash Ratio is 0.83. Considering the valuation of this stock, the price to sales ratio is 2.01, the price to book ratio is 8.01.
Transactions by insiders
Recent insider trading involved Hibbard Carol J., Chief Financial Officer, that happened on Nov 05 ’24 when 22821.0 shares were sold. Director, KRASNOW TODD completed a deal on Nov 04 ’24 to sell 2000.0 shares. Meanwhile, Officer GEORGE DRAMALIS bought 26350.0 shares on Nov 01 ’24.
