The closing price of Symbotic Inc (NASDAQ: SYM) was $39.51 for the day, down -3.02% from the previous closing price of $40.74. In other words, the price has decreased by -$1.23 from its previous closing price. On the day, 959244 shares were traded.
Ratios:
Our analysis of SYM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 255.55. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 26 when Cohen Janet L sold 5,000,000 shares for $39.69 per share. The transaction valued at 198,450,000 led to the insider holds 0 shares of the business.
Cohen Richard B sold 5,000,000 shares of SYM for $191,612,709 on Feb 26. The insider now owns 0 shares after completing the transaction at $38.32 per share. On Feb 26, another insider, Ladensohn David A, who serves as the 10% Owner of the company, sold 2,085,296 shares for $39.69 each. As a result, the insider received 82,765,398 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 3.92B and an Enterprise Value of 3.24B. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.70 while its Price-to-Book (P/B) ratio in mrq is 20.94. Its current Enterprise Value per Revenue stands at 2.42 whereas that against EBITDA is -20.23.
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 $14.14. The 50-Day Moving Average of the stock is 45.72, while the 200-Day Moving Average is calculated to be 41.76.
Shares Statistics:
SYM traded an average of 1.58M shares per day over the past three months and 1.58M shares per day over the past ten days. A total of 82.11M shares are outstanding, with a floating share count of 21.16M. Insiders hold about 76.27% of the company’s shares, while institutions hold 18.34% stake in the company. Shares short for SYM as of Feb 15, 2024 were 6.79M with a Short Ratio of 4.29, compared to 9.08M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.63% and a Short% of Float of 27.36%.
Earnings Estimates
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of -$0.04 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 $0.02 and low estimates of -$0.01.
Analysts are recommending an EPS of between $0.06 and -$0.06 for the fiscal current year, implying an average EPS of -$0.03. EPS for the following year is $0.52, with 8 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 $1.74B. 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.
