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Symbotic Inc. (SYM): A Technical Analysis

Analysts have mixed views on the stock, with 10 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”

The average price point forecasted by analysts for Symbotic Inc. (SYM) is $34.00, which is -$3.76 below the current market price. The public float for SYM is 43.65M, and currently, short sellers hold a 7.75% ratio of that float. The average trading volume of SYM on May 26, 2023 was 666.59K shares.

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SYM) stock’s latest price update

Symbotic Inc. (NASDAQ: SYM) has experienced a rise in its stock price by 9.75 compared to its previous closing price of 32.20. However, the company has seen a gain of 12.76% in its stock price over the last five trading days.

SYM’s Market Performance

SYM’s stock has risen by 12.76% in the past week, with a monthly rise of 20.16% and a quarterly rise of 113.28%. The volatility ratio for the week is 8.79% while the volatility levels for the last 30 days are 9.20% for Symbotic Inc. The simple moving average for the past 20 days is 29.05% for SYM’s stock, with a 115.79% simple moving average for the past 200 days.

SYM Trading at 37.32% from the 50-Day Moving Average

After a stumble in the market that brought SYM to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 8.94% of gains for the given period.

Volatility was left at 9.20%, however, over the last 30 days, the volatility rate increased by 8.79%, as shares surge +26.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +112.25% upper at present.

During the last 5 trading sessions, SYM rose by +12.76%, which changed the moving average for the period of 200-days by +120.74% in comparison to the 20-day moving average, which settled at $27.75. In addition, Symbotic Inc. saw 195.98% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SYM starting from Dunn Michael David, who sale 30,000 shares at the price of $34.54 back on May 25. After this action, Dunn Michael David now owns 79,522 shares of Symbotic Inc., valued at $1,036,290 using the latest closing price.

Dunn Michael David, the of Symbotic Inc., sale 18,920 shares at $32.08 during a trade that took place back on May 24, which means that Dunn Michael David is holding 109,522 shares at $607,039 based on the most recent closing price.

Stock Fundamentals for SYM

Current profitability levels for the company are sitting at:

  • -23.66 for the present operating margin
  • +16.80 for the gross margin

The net margin for Symbotic Inc. stands at -1.16. The total capital return value is set at -74.79, while invested capital returns managed to touch -4.38. Equity return is now at value -368.70, with -2.70 for asset returns.

The receivables turnover for the company is 11.28 and the total asset turnover is 1.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.10.

Conclusion

To put it simply, Symbotic Inc. (SYM) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.