Symbotic Inc [SYM] stock prices are up 6.93% to $38.78 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SYM shares have gain 31.52% over the last week, with a monthly amount glided 35.71%, 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 $38.78 at the most recent close of the market. An investor can expect a potential return of 16.32% based on the average SYM price forecast.
Analyzing the SYM fundamentals
The Symbotic Inc [NASDAQ:SYM] reported sales of 1.86B for trailing twelve months, representing a surge of 47.18%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.09 and Total Capital is -0.12.
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 36.59 points at the first support level, and at 34.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.42, and for the 2nd resistance point, it is at 42.06.
Ratios To Look Out For
It’s worth pointing out that Symbotic Inc [NASDAQ:SYM]’s Current Ratio is 1.37. In addition, the Quick Ratio stands at 1.26 and the Cash Ratio stands at 0.72. Considering the valuation of this stock, the price to sales ratio is 13.04, the price to book ratio is 19.99.
Transactions by insiders
Recent insider trading involved MIRIAM ORT, Officer, that happened on Nov 08 ’24 when 9645.0 shares were purchased. Chief Financial Officer, Hibbard Carol J. completed a deal on Nov 05 ’24 to sell 22821.0 shares. Meanwhile, Director KRASNOW TODD sold 2000.0 shares on Nov 04 ’24.
