The price of Symbotic Inc (NASDAQ: SYM) closed at $45.13 in the last session, down -0.51% from day before closing price of $45.36. In other words, the price has decreased by -$0.23 from its previous closing price. On the day, 1046868 shares were traded.
Ratios:
We take a closer look at SYM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 35.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 291.90. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 14 ’24 when Saintil Merline sold 3,135 shares for $44.74 per share. The transaction valued at 140,252 led to the insider holds 62,312 shares of the business.
KRASNOW TODD sold 2,000 shares of SYM for $78,784 on Mar 01 ’24. The Director now owns 10,447 shares after completing the transaction at $39.39 per share. On Feb 26 ’24, another insider, Cohen Janet L, who serves as the 10% Owner of the company, sold 5,000,000 shares for $39.69 each. As a result, the insider received 198,450,000 and left with 0 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 4.55B and an Enterprise Value of 3.87B. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.93 while its Price-to-Book (P/B) ratio in mrq is 23.91. Its current Enterprise Value per Revenue stands at 2.89 whereas that against EBITDA is -24.15.
Stock Price History:
Over the past 52 weeks, SYM has reached a high of $64.14, while it has fallen to a 52-week low of $16.29. The 50-Day Moving Average of the stock is 43.14, while the 200-Day Moving Average is calculated to be 42.66.
Shares Statistics:
According to the various share statistics, SYM traded on average about 1.59M shares per day over the past 3-months and 1.58M shares per day over the past 10 days. A total of 82.11M shares are outstanding, with a floating share count of 25.81M. Insiders hold about 73.02% of the company’s shares, while institutions hold 17.14% stake in the company. Shares short for SYM as of Feb 29, 2024 were 6.89M with a Short Ratio of 4.33, compared to 8.59M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.95% and a Short% of Float of 19.74%.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. 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, with high estimates of $0.01 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 $0.41, with 6 analysts recommending between $0.7 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 $1.74B. In the same quarter a year ago, actual revenue was $1.18B, up 47.90% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $2.48B 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 42.30% from the average revenue estimate for this year.
