Symbotic Inc (NASDAQ: SYM)’s stock price has plunge by -1.57relation to previous closing price of 41.48. Nevertheless, the company has seen a -7.18% plunge in its stock price over the last five trading sessions. investorplace.com reported 2024-05-23 that Investing in underappreciated AI stocks offers significant growth potential as AI technologies revolutionize various sectors. With increasing adoption and advancements, AI is poised to drive innovation and create substantial economic opportunities in the coming years.
Is It Worth Investing in Symbotic Inc (NASDAQ: SYM) Right Now?
The 36-month beta value for SYM is at 1.95. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for SYM is 33.46M, and currently, shorts hold a 27.69% of that float. The average trading volume for SYM on May 24, 2024 was 1.17M shares.
SYM’s Market Performance
The stock of Symbotic Inc (SYM) has seen a -7.18% decrease in the past week, with a 3.24% rise in the past month, and a -0.32% fall in the past quarter. The volatility ratio for the week is 3.91%, and the volatility levels for the past 30 days are at 5.58% for SYM. The simple moving average for the last 20 days is -4.76% for SYM stock, with a simple moving average of -3.50% for the last 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 -6.12% 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 -36.34% of loss for the given period.
Volatility was left at 5.58%, however, over the last 30 days, the volatility rate increased by 3.91%, as shares surge +1.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.63% lower at present.
During the last 5 trading sessions, SYM fell by -7.56%, which changed the moving average for the period of 200-days by -9.39% in comparison to the 20-day moving average, which settled at $42.90. In addition, Symbotic Inc saw -20.46% 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 Dunn Michael David, who sale 2,000 shares at the price of $40.00 back on May 01 ’24. After this action, Dunn Michael David now owns 72,032 shares of Symbotic Inc, valued at $80,000 using the latest closing price.
Boyd William M III, the Chief Strategy Officer of Symbotic Inc, sale 8,825 shares at $40.34 during a trade that took place back on Apr 26 ’24, which means that Boyd William M III is holding 23,012 shares at $356,032 based on the most recent closing price.
Stock Fundamentals for SYM
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.15 for the gross margin
The net margin for Symbotic Inc stands at -0.05. The total capital return value is set at -0.33. Equity return is now at value -9.09, with -1.53 for asset returns.
Based on Symbotic Inc (SYM), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 47.77. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -1.45.
Currently, EBITDA for the company is -211.92 million with net debt to EBITDA at 5.62. When we switch over and look at the enterprise to sales, we see a ratio of 13.3. The receivables turnover for the company is 4.96for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
In conclusion, Symbotic Inc (SYM) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
