After finishing at $44.00 in the prior trading day, Symbotic Inc (NASDAQ: SYM) closed at $45.23, up 2.80%. In other words, the price has increased by $+1.23 from its previous closing price. On the day, 673342 shares were traded.
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 35.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 292.54. 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 02 ’24 when Dunn Michael David sold 5,444 shares for $43.29 per share. The transaction valued at 235,674 led to the insider holds 71,366 shares of the business.
Dunn Michael David sold 2,000 shares of SYM for $91,040 on Apr 01 ’24. The insider now owns 63,646 shares after completing the transaction at $45.52 per share. On Mar 14 ’24, another insider, Saintil Merline, who serves as the Director of the company, sold 3,135 shares for $44.74 each. As a result, the insider received 140,252 and left with 62,312 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 3.88B. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.97 while its Price-to-Book (P/B) ratio in mrq is 23.97. Its current Enterprise Value per Revenue stands at 2.90 whereas that against EBITDA is -24.19.
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 $22.40. The 50-Day Moving Average of the stock is 43.96, while the 200-Day Moving Average is calculated to be 42.88.
Shares Statistics:
The stock has traded on average 1.55M shares per day over the past 3-months and 939.55k 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 25.85M. Insiders hold about 72.98% of the company’s shares, while institutions hold 17.15% stake in the company. Shares short for SYM as of Mar 15, 2024 were 7M with a Short Ratio of 4.53, compared to 6.79M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.95% and a Short% of Float of 19.22%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. 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 $0.43, with 5 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.
