Symbotic Inc (NASDAQ: SYM)’s stock price has dropped by -3.98 in relation to previous closing price of 22.77. Nevertheless, the company has seen a loss of -8.41% in its stock price over the last five trading days. accesswire.com reported 2024-08-27 that LOS ANGELES, CA / ACCESSWIRE / August 27, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Symbotic Inc. (“Symbotic” or “the Company”) (NASDAQ:SYM) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company’s securities between May 6, 2024 and July 29, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before October 15, 2024.
Is It Worth Investing in Symbotic Inc (NASDAQ: SYM) Right Now?
The 36-month beta value for SYM is also noteworthy at 1.85. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SYM is 38.09M, and at present, short sellers hold a 35.62% of that float. The average trading volume of SYM on August 27, 2024 was 1.71M shares.
SYM’s Market Performance
SYM’s stock has seen a -8.41% decrease for the week, with a -38.64% drop in the past month and a -47.08% fall in the past quarter. The volatility ratio for the week is 7.83%, and the volatility levels for the past 30 days are at 8.77% for Symbotic Inc The simple moving average for the last 20 days is -5.86% for SYM’s stock, with a simple moving average of -46.59% for the last 200 days.
Analysts’ Opinion of SYM
Many brokerage firms have already submitted their reports for SYM stocks, with Vertical Research repeating the rating for SYM by listing it as a “Hold.” The predicted price for SYM in the upcoming period, according to Vertical Research is $45 based on the research report published on July 23, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see SYM reach a price target of $50. The rating they have provided for SYM stocks is “Buy” according to the report published on February 07th, 2024.
Needham gave a rating of “Buy” to SYM, setting the target price at $54 in the report published on February 06th of the current year.
SYM Trading at -29.82% 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 -63.45% of loss for the given period.
Volatility was left at 8.77%, however, over the last 30 days, the volatility rate increased by 7.83%, as shares sank -19.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.48% lower at present.
During the last 5 trading sessions, SYM fell by -7.62%, which changed the moving average for the period of 200-days by -33.36% in comparison to the 20-day moving average, which settled at $22.96. In addition, Symbotic Inc saw -57.41% 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 MIRIAM ORT, who proposed sale 9,976 shares at the price of $21.53 back on Aug 09 ’24. After this action, MIRIAM ORT now owns shares of Symbotic Inc, valued at $214,738 using the latest closing price.
KRASNOW TODD, the Director of Symbotic Inc, sale 17,000 shares at $21.46 during a trade that took place back on Aug 05 ’24, which means that KRASNOW TODD is holding 0 shares at $364,765 based on the most recent closing price.
Stock Fundamentals for SYM
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.14 for the gross margin
The net margin for Symbotic Inc stands at -0.05. The total capital return value is set at -0.29. Equity return is now at value -8.17, with -1.36 for asset returns.
Based on Symbotic Inc (SYM), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 4.72. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -1.31.
Currently, EBITDA for the company is -211.92 million with net debt to EBITDA at 5.97. When we switch over and look at the enterprise to sales, we see a ratio of 6.08. The receivables turnover for the company is 6.42for trailing twelve months and the total asset turnover is 1.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
In summary, Symbotic Inc (SYM) has had a bad performance as of late. Analysts have bullish 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.
