The stock of Symbotic Inc (NASDAQ: SYM) has increased by 4.74 when compared to last closing price of 29.52.Despite this, the company has seen a gain of 9.22% in its stock price over the last five trading days. globenewswire.com reported 2024-10-29 that NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Symbotic Inc. (NASDAQ: SYM) on behalf of long-term stockholders following a class action complaint that was filed against Symbotic on August 14, 2024 with a Class Period from May 6, 2024 to July 29, 2024. Our investigation concerns whether the board of directors of Symbotic have breached their fiduciary duties to the company.
Is It Worth Investing in Symbotic Inc (NASDAQ: SYM) Right Now?
Company’s 36-month beta value is 1.84.Analysts have differing opinions on the stock, 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 39.41M, and currently, short sellers hold a 38.49% ratio of that floaft. The average trading volume of SYM on October 30, 2024 was 2.08M shares.
SYM’s Market Performance
The stock of Symbotic Inc (SYM) has seen a 9.22% increase in the past week, with a 29.75% rise in the past month, and a 25.64% gain in the past quarter. The volatility ratio for the week is 6.25%, and the volatility levels for the past 30 days are at 6.38% for SYM. The simple moving average for the last 20 days is 11.78% for SYM’s stock, with a simple moving average of -13.13% 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 27.59% 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 -48.31% of loss for the given period.
Volatility was left at 6.38%, however, over the last 30 days, the volatility rate increased by 6.25%, as shares surge +27.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.28% upper at present.
During the last 5 trading sessions, SYM rose by +9.01%, which changed the moving average for the period of 200-days by -25.22% in comparison to the 20-day moving average, which settled at $27.66. In addition, Symbotic Inc saw -39.76% 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 WILLIAM MADISON BOYD III, who proposed sale 8,826 shares at the price of $27.42 back on Oct 28 ’24. After this action, WILLIAM MADISON BOYD III now owns shares of Symbotic Inc, valued at $242,009 using the latest closing price.
Saintil Merline, the Director of Symbotic Inc, sale 5,250 shares at $28.70 during a trade that took place back on Oct 24 ’24, which means that Saintil Merline is holding 74,562 shares at $150,692 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 1.38. 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 a nutshell, Symbotic Inc (SYM) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
