Symbotic Inc (NASDAQ: SYM) closed the day trading at $40.96 up 1.39% from the previous closing price of $40.40. In other words, the price has increased by $+0.56 from its previous closing price. On the day, 1235324 shares were traded. SYM stock price reached its highest trading level at $41.71 during the session, while it also had its lowest trading level at $40.15.
Ratios:
For a better understanding of SYM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 32.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 264.93. 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 Feb 05 when KRASNOW TODD sold 2,000 shares for $51.50 per share. The transaction valued at 102,997 led to the insider holds 0 shares of the business.
Dunn Michael David sold 7,051 shares of SYM for $317,295 on Jan 30. The insider now owns 65,646 shares after completing the transaction at $45.00 per share. On Jan 25, another insider, Boyd William M III, who serves as the Chief Strategy Officer of the company, sold 405 shares for $40.77 each. As a result, the insider received 16,511 and left with 23,012 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 3.65B and an Enterprise Value of 2.98B. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.28 while its Price-to-Book (P/B) ratio in mrq is 21.70. Its current Enterprise Value per Revenue stands at 2.22 whereas that against EBITDA is -18.26.
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 46.07, while the 200-Day Moving Average is calculated to be 41.63.
Shares Statistics:
Over the past 3-months, SYM traded about 1.61M shares per day on average, while over the past 10 days, SYM traded about 1.81M shares per day. 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 Jan 31, 2024 were 8.59M with a Short Ratio of 5.33, compared to 8.42M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 10.08% and a Short% of Float of 40.82%.
Earnings Estimates
Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of -$0.04 for the current quarter, with a high estimate of $0 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 -$0.01. EPS for the following year is $0.53, 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.
