Symbotic Inc (NASDAQ:SYM) price on current trading day, rose 2.43% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $21.50.
A look at the stock’s price movement, the close in the last trading session was $20.99, moving within a range at $20.95 and $22.19. The beta value (5-Year monthly) was 1.853. Turning to its 52-week performance, $50.40 and $17.11 were the 52-week high and 52-week low respectively. Overall, SYM moved -22.69% over the past month.
Symbotic Inc’s market cap currently stands at around $12.65 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-04.
Analysts have a consensus estimate of 522.36M for the company’s revenue for the quarter, with a low and high estimate of 512M and 530.5M respectively. The average forecast suggests up to a 23.11% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.26B, representing a 24.24% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SYM is a 100% Sell. On the other hand, the stock is on average a 75% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
13 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 10 recommend SYM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SYM’s current price about -4.27% and -17.77% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.79, while 7-day volatility ratio is 5.30% and 6.91% in the 30-day chart. Further, Symbotic Inc (SYM) has a beta value of 1.85, and an average true range (ATR) of 1.65. Analysts have given the company’s stock an average 52-week price target of $35, forecast between a low of $35 and high of $35. Looking at the price targets, the low is -62.79% off current price level while to achieve the yearly target high, price needs to move -62.79%. Nonetheless, investors will most likely welcome a -62.79% jump to $35 which is the analysts’ median price.
If we refocus on Symbotic Inc (NASDAQ:SYM), historical trading data shows that trading volumes averaged 1.28 over the past 10 days and 2.03 million over the past 3 months. The company’s latest data on shares outstanding shows there are 106.52 million shares.
The 59.79% of Symbotic Inc’s shares are in the hands of company insiders while institutional holders own 37.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 18.17 million on 2025-02-28, giving us a short ratio of 8.89. The data shows that as of 2025-02-28 short interest in Symbotic Inc (SYM) stood at 4739.0 of shares outstanding, with shares short rising to 17.04 million registered in 2025-01-31. Current price change has pushed the stock -9.32% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SYM stock continues to rise going into the next quarter.
