The stock of Symbotic Inc (SYM) has gone down by -4.98% for the week, with a 31.78% rise in the past month and a -33.32% drop in the past quarter. The volatility ratio for the week is 5.49%, and the volatility levels for the past 30 days are 6.87% for SYM. The simple moving average for the past 20 days is 6.33% for SYM’s stock, with a -36.72% simple moving average for the past 200 days.
Is It Worth Investing in Symbotic Inc (NASDAQ: SYM) Right Now?
The stock has a 36-month beta value of 1.84. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for SYM is 39.44M, and at present, short sellers hold a 39.81% of that float. On October 03, 2024, the average trading volume of SYM was 2.03M shares.
SYM) stock’s latest price update
Symbotic Inc (NASDAQ: SYM) has experienced a decline in its stock price by -1.23 compared to its previous closing price of 24.17. However, the company has seen a fall of -4.98% in its stock price over the last five trading days. prnewswire.com reported 2024-10-03 that BENSALEM, Pa., Oct. 3, 2024 /PRNewswire/ — Law Offices of Howard G.
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 1.34% 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 -60.08% of loss for the given period.
Volatility was left at 6.87%, however, over the last 30 days, the volatility rate increased by 5.49%, as shares surge +32.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.96% lower at present.
During the last 5 trading sessions, SYM fell by -4.89%, which changed the moving average for the period of 200-days by -55.30% in comparison to the 20-day moving average, which settled at $22.75. In addition, Symbotic Inc saw -53.48% 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 MICHAEL D DUNN, who proposed sale 5,266 shares at the price of $23.81 back on Oct 02 ’24. After this action, MICHAEL D DUNN now owns shares of Symbotic Inc, valued at $125,390 using the latest closing price.
GEORGE DRAMALIS, the Officer of Symbotic Inc, proposed sale 62,012 shares at $24.08 during a trade that took place back on Oct 02 ’24, which means that GEORGE DRAMALIS is holding shares at $1,493,224 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 0.97. 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
To sum up, Symbotic Inc (SYM) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
