Symbotic Inc. (NASDAQ:SYM) shares, rose in value on Wednesday, 06/22/22, with the stock price down by -1.35% to the previous day’s close as strong demand from buyers drove the stock to $15.35.
Actively observing the price movement in the last trading, the stock closed the session at $15.56, falling within a range of $14.4853 and $18.00. Referring to stock’s 52-week performance, its high was $28.48, and the low was $9.01. On the whole, SYM has fluctuated by 54.27% over the past month.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SYM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
3 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 3 recommend it as a Buy and 0 called the SYM stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SYM currently trading nearly 29.76% and 43.73% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.59, while the 7-day volatility ratio is showing 34.39% which for the 30-day chart, stands at 22.13%. Furthermore, Symbotic Inc. (SYM)’s average true range (ATR) is 3.01.
Data on historical trading for Symbotic Inc. (NASDAQ:SYM) indicates that the trading volumes over the past 3 months, they’ve averaged 460.56K. According to company’s latest data on outstanding shares, there are 41.40 million shares outstanding.
Nearly 37.50% of Symbotic Inc.’s shares belong to company insiders and institutional investors own 60.60% of the company’s shares. The stock has risen by 53.50% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SYM stock heading into the next quarter.