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After finishing at $39.73 in the prior trading day, Symbotic Inc (NASDAQ: SYM) closed at $39.66, down -0.18%. In other words, the price has decreased by $-0.18 from its previous closing price. On the day, 0.65 million shares were traded. SYM stock price reached its highest trading level at $40.4198 during the session, while it also had its lowest trading level at $38.77.
Ratios:
Our goal is to gain a better understanding of SYM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 256.52. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 1.11. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.11.
On February 06, 2024, Needham reiterated its Buy rating and also upped its target price recommendation from $58 to $54.
On October 03, 2023, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $50.KeyBanc Capital Markets initiated its Overweight rating on October 03, 2023, with a $50 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 05 ’24 when KRASNOW TODD sold 2,000 shares for $42.20 per share. The transaction valued at 84,406 led to the insider holds 10,447 shares of the business.
Dunn Michael David sold 5,444 shares of SYM for $235,674 on Apr 02 ’24. The insider now owns 71,366 shares after completing the transaction at $43.29 per share. On Apr 01 ’24, another insider, Dunn Michael David, who serves as the insider of the company, sold 2,000 shares for $45.52 each. As a result, the insider received 91,040 and left with 63,646 shares of the company.
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 23346216960 and an Enterprise Value of 2887681536. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.76 while its Price-to-Book (P/B) ratio in mrq is 21.02. Its current Enterprise Value per Revenue stands at 2.157 whereas that against EBITDA is -20.551.
Stock Price History:
The Beta on a monthly basis for SYM is 1.95, which has changed by 0.35636115 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, SYM has reached a high of $64.14, while it has fallen to a 52-week low of $22.40. The 50-Day Moving Average of the stock is -9.16%, while the 200-Day Moving Average is calculated to be -7.64%.
Shares Statistics:
The stock has traded on average 1.51M shares per day over the past 3-months and 915470 shares per day over the last 10 days, according to various share statistics. A total of 82.11M shares are outstanding, with a floating share count of 30.59M. Insiders hold about 68.02% of the company’s shares, while institutions hold 17.21% stake in the company. Shares short for SYM as of 1711584000 were 7486722 with a Short Ratio of 4.96, compared to 1709164800 on 6892071. Therefore, it implies a Short% of Shares Outstanding of 7486722 and a Short% of Float of 20.560000000000002.
Earnings Estimates
Symbotic Inc (SYM) is currently under the scrutiny of 6 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of $-0.05 for the current quarter, with a high estimate of $-0.02 and a low estimate of $-0.15, while EPS last year was $-0.1. The consensus estimate for the next quarter is $-0.01, with high estimates of $0 and low estimates of $-0.01.
Analysts are recommending an EPS of between $-0.02 and $-0.06 for the fiscal current year, implying an average EPS of $-0.04. EPS for the following year is $0.53, with 7 analysts recommending between $1.35 and $0.28.
Revenue Estimates
A total of 13 analysts have provided revenue estimates for SYM’s current fiscal year. The highest revenue estimate was $1.88B, while the lowest revenue estimate was $1.63B, resulting in an average revenue estimate of $1.75B. In the same quarter a year ago, actual revenue was $1.18B, up 48.40% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $2.51B in the next fiscal year. The high estimate is $2.81B and the low estimate is $1.96B. The average revenue growth estimate for next year is up 43.70% from the average revenue estimate for this year.
