The stock has a 36-month beta value of 1.73. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 2 as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for SYM is 40.36M, and at present, short sellers hold a 32.32% of that float. On December 10, 2024, the average trading volume of SYM was 2.44M shares.
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SYM) stock’s latest price update
Symbotic Inc (NASDAQ: SYM) has seen a rise in its stock price by 2.15 in relation to its previous close of 27.95. However, the company has experienced a 11.31% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-12-09 that NEW ORLEANS, Dec. 9, 2024 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 3, 2025 to file lead plaintiff applications in a securities class action lawsuit against Symbotic Inc. (the “Company”) (NasdaqGM: SYM), if they purchased the Company’s securities between February 8, 2024 and November 26, 2024, inclusive (the “Class Period”).
SYM’s Market Performance
SYM’s stock has risen by 11.31% in the past week, with a monthly drop of -12.26% and a quarterly rise of 59.85%. The volatility ratio for the week is 8.73% while the volatility levels for the last 30 days are 9.89% for Symbotic Inc The simple moving average for the past 20 days is -9.15% for SYM’s stock, with a -15.86% simple moving average for the past 200 days.
Analysts’ Opinion of SYM
DA Davidson, on the other hand, stated in their research note that they expect to see SYM reach a price target of $35, previously predicting the price at $50. The rating they have provided for SYM stocks is “Neutral” according to the report published on November 27th, 2024.
Craig Hallum gave a rating of “Hold” to SYM, setting the target price at $25 in the report published on November 27th of the current year.
SYM Trading at -2.58% 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 -51.01% of loss for the given period.
Volatility was left at 9.89%, however, over the last 30 days, the volatility rate increased by 8.73%, as shares sank -15.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.87% upper at present.
During the last 5 trading sessions, SYM rose by +11.31%, which changed the moving average for the period of 200-days by -29.33% in comparison to the 20-day moving average, which settled at $31.43. In addition, Symbotic Inc saw -44.38% 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 70,737 shares at the price of $27.95 back on Dec 09 ’24. After this action, MICHAEL D DUNN now owns shares of Symbotic Inc, valued at $1,977,099 using the latest closing price.
COREY C DUFRESNE, the Officer of Symbotic Inc, proposed sale 18,432 shares at $27.95 during a trade that took place back on Dec 09 ’24, which means that COREY C DUFRESNE is holding shares at $515,174 based on the most recent closing price.
Stock Fundamentals for SYM
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.16 for the gross margin
The net margin for Symbotic Inc stands at 0.01. The total capital return value is set at -0.12. Equity return is now at value -11.49, with -0.86 for asset returns.
Currently, EBITDA for the company is -93.25 million with net debt to EBITDA at 7.54. When we switch over and look at the enterprise to sales, we see a ratio of 8.62. The receivables turnover for the company is 4.43for trailing twelve months and the total asset turnover is 1.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
To sum up, Symbotic Inc (SYM) has seen a mixed 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.
