The stock price of Symbotic Inc (NASDAQ: SYM) has surged by 3.21 when compared to previous closing price of 40.88, but the company has seen a -5.19% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-17 that When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock’s price, but are they really important?
Is It Worth Investing in Symbotic Inc (NASDAQ: SYM) Right Now?
The 36-month beta value for SYM is also noteworthy at 1.95. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SYM is 30.59M, and at present, short sellers hold a 24.47% of that float. The average trading volume of SYM on April 17, 2024 was 1.51M shares.
SYM’s Market Performance
The stock of Symbotic Inc (SYM) has seen a -5.19% decrease in the past week, with a -6.51% drop in the past month, and a 4.36% gain in the past quarter. The volatility ratio for the week is 5.43%, and the volatility levels for the past 30 days are at 5.51% for SYM. The simple moving average for the past 20 days is -6.23% for SYM’s stock, with a -1.81% simple moving average for the past 200 days.
Analysts’ Opinion of SYM
Many brokerage firms have already submitted their reports for SYM stocks, with DA Davidson repeating the rating for SYM by listing it as a “Buy.” The predicted price for SYM in the upcoming period, according to DA Davidson is $50 based on the research report published on February 07, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see SYM reach a price target of $54, previously predicting the price at $58. The rating they have provided for SYM stocks is “Buy” according to the report published on February 06th, 2024.
KeyBanc Capital Markets gave a rating of “Overweight” to SYM, setting the target price at $50 in the report published on October 03rd of the previous year.
SYM Trading at -3.59% 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 unable to rebound, for now settling with -34.22% of loss for the given period.
Volatility was left at 5.51%, however, over the last 30 days, the volatility rate increased by 5.43%, as shares sank -6.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.51% lower at present.
During the last 5 trading sessions, SYM fell by -5.83%, which changed the moving average for the period of 200-days by -2.11% in comparison to the 20-day moving average, which settled at $44.85. In addition, Symbotic Inc saw -17.80% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SYM starting from KRASNOW TODD, who sale 2,000 shares at the price of $42.20 back on Apr 05 ’24. After this action, KRASNOW TODD now owns 10,447 shares of Symbotic Inc, valued at $84,406 using the latest closing price.
Dunn Michael David sale 5,444 shares at $43.29 during a trade that took place back on Apr 02 ’24, which means that Dunn Michael David is holding 71,366 shares at $235,674 based on the most recent closing price.
Stock Fundamentals for SYM
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.17 for the gross margin
The net margin for Symbotic Inc stands at -0.09. The total capital return value is set at -0.76. Equity return is now at value -22.42, with -1.74 for asset returns.
Based on Symbotic Inc (SYM), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 2.68. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is -2.76.
Currently, EBITDA for the company is -211.92 million with net debt to EBITDA at 2.83. When we switch over and look at the enterprise to sales, we see a ratio of 2.67. The receivables turnover for the company is 4.45for trailing twelve months and the total asset turnover is 1.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In summary, Symbotic Inc (SYM) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
