While Symbotic Inc has overperformed by 3.38%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SYM fell by -25.13%, with highs and lows ranging from $59.82 to $17.11, whereas the simple moving average fell by -36.57% in the last 200 days.
On July 23, 2024, Vertical Research started tracking Symbotic Inc (NASDAQ: SYM) recommending Hold. A report published by DA Davidson on February 07, 2024, Upgraded its rating to ‘Buy’ for SYM. Needham also reiterated SYM shares as ‘Buy’, quoting a target price of $54 on the company’s shares in a report dated February 06, 2024. KeyBanc Capital Markets Initiated an Overweight rating on October 03, 2023, and assigned a price target of $50. William Blair August 01, 2023d its ‘Outperform’ rating to ‘Mkt Perform’ for SYM, as published in its report on August 01, 2023. DA Davidson’s report from August 01, 2023 suggests a price prediction of $50 for SYM shares, giving the stock a ‘Neutral’ rating. UBS also rated the stock as ‘Neutral’.
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Analysis of Symbotic Inc (SYM)
Further, the quarter-over-quarter increase in sales is 57.73%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Symbotic Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -8.17% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.18, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and SYM is recording an average volume of 2.04M. On a monthly basis, the volatility of the stock is set at 6.86%, whereas on a weekly basis, it is put at 5.13%, with a loss of -6.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $39.38, showing growth from the present price of $23.84, which can serve as yet another indication of whether SYM is worth investing in or should be passed over.
How Do You Analyze Symbotic Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 62.00%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 32.87% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SYM shares are owned by institutional investors to the tune of 32.87% at present.
