Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
As of close of business last night, Symbotic Inc’s stock clocked out at $26.76, down -6.27% from its previous closing price of $28.55. In other words, the price has decreased by -$6.27 from its previous closing price. On the day, 1.89 million shares were traded. SYM stock price reached its highest trading level at $28.6306 during the session, while it also had its lowest trading level at $26.645.
Ratios:
To gain a deeper understanding of SYM’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.23 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.
On November 27, 2024, DA Davidson Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $50 to $35.
Craig Hallum Downgraded its Buy to Hold on November 27, 2024, while the target price for the stock was maintained at $25.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 09 ’24 when MICHAEL D DUNN bought 70,737 shares for $27.95 per share.
COREY C DUFRESNE bought 18,432 shares of SYM for $515,174 on Dec 09 ’24. On Nov 08 ’24, another insider, MIRIAM ORT, who serves as the Officer of the company, bought 9,645 shares for $33.39 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SYM now has a Market Capitalization of 16770812928 and an Enterprise Value of 2279805440. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.73 while its Price-to-Book (P/B) ratio in mrq is 14.20. Its current Enterprise Value per Revenue stands at 1.36 whereas that against EBITDA is -28.167.
Stock Price History:
Over the past 52 weeks, SYM has reached a high of $58.28, while it has fallen to a 52-week low of $17.11. The 50-Day Moving Average of the stock is -8.84%, while the 200-Day Moving Average is calculated to be -20.97%.
Shares Statistics:
It appears that SYM traded 2.46M shares on average per day over the past three months and 5969370 shares per day over the past ten days. A total of 104.69M shares are outstanding, with a floating share count of 40.36M. Insiders hold about 62.06% of the company’s shares, while institutions hold 36.73% stake in the company. Shares short for SYM as of 1730332800 were 13587562 with a Short Ratio of 5.30, compared to 1727654400 on 15292589. Therefore, it implies a Short% of Shares Outstanding of 13587562 and a Short% of Float of 34.37.
