Symbotic Inc [NASDAQ: SYM] slipped around -1.37 points on Tuesday, while shares priced at $21.40 at the close of the session, down -6.02%.
Compared to the average trading volume of 1.71M shares, SYM reached a trading volume of 3160101 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Symbotic Inc [SYM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SYM shares is $41.93 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SYM stock is a recommendation set at 1.88. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Vertical Research have made an estimate for Symbotic Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 23, 2024. The new note on the price target was released on February 07, 2024, representing the official price target for Symbotic Inc stock. Previously, the target price had yet another drop from $58 to $54, while Needham kept a Buy rating on SYM stock.
The Average True Range (ATR) for Symbotic Inc is set at 1.99, with the Price to Sales ratio for SYM stock in the period of the last 12 months amounting to 6.79. The Price to Book ratio for the last quarter was 5.27, with the Price to Cash per share for the same quarter was set at 1.64. Price to Free Cash Flow for SYM in the course of the last twelve months was 184.06 with Quick ratio for the last quarter at 1.18.
How has SYM stock performed recently?
Symbotic Inc [SYM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.35. With this latest performance, SYM shares dropped by -39.94% in over the last four-week period, additionally sinking by -47.47% over the last 6 months – not to mention a drop of -42.57% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SYM stock in for the last two-week period is set at 35.77, with the RSI for the last a single of trading hit 36.32, and the three-weeks RSI is set at 36.05 for Symbotic Inc [SYM]. The present Moving Average for the last 50 days of trading for this stock 30.88, while it was recorded at 22.93 for the last single week of trading, and 40.88 for the last 200 days.
Symbotic Inc [SYM]: Deeper insight into the fundamentals
Symbotic Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.18 and a Current Ratio set at 1.30.
Earnings analysis for Symbotic Inc [SYM]
With the latest financial reports released by the company, Symbotic Inc posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.04. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SYM.
Insider trade positions for Symbotic Inc [SYM]
There are presently around $80.37%, or 96.49%% of SYM stock, in the hands of institutional investors. The top three institutional holders of SYM stocks are: SOFTBANK GROUP CORP. with ownership of 39.83 million shares, which is approximately 38.8865%. BAILLIE GIFFORD & CO, holding 10.66 million shares of the stock with an approximate value of $$374.84 million in SYM stocks shares; and BAILLIE GIFFORD & CO, currently with $$319.6 million in SYM stock with ownership which is approximately 8.8757%.
