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The closing price of Symbotic Inc (NASDAQ: SYM) was $41.94 for the day, up 1.97% from the previous closing price of $41.13. In other words, the price has increased by $1.97 from its previous closing price. On the day, 2.53 million shares were traded. SYM stock price reached its highest trading level at $43.68 during the session, while it also had its lowest trading level at $41.28.
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 33.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 271.26. 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 May 01 ’24 when Dunn Michael David sold 2,000 shares for $40.00 per share. The transaction valued at 80,000 led to the insider holds 72,032 shares of the business.
Boyd William M III sold 8,825 shares of SYM for $356,032 on Apr 26 ’24. The Chief Strategy Officer now owns 23,012 shares after completing the transaction at $40.34 per share. On Apr 24 ’24, another insider, Dunn Michael David, who serves as the insider of the company, sold 1,747 shares for $40.08 each. As a result, the insider received 70,016 and left with 74,032 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 24380098560 and an Enterprise Value of 3090739200. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.66 while its Price-to-Book (P/B) ratio in mrq is 22.22. Its current Enterprise Value per Revenue stands at 2.308 whereas that against EBITDA is -21.996.
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 $23.58. The 50-Day Moving Average of the stock is -2.22%, while the 200-Day Moving Average is calculated to be -1.65%.
Shares Statistics:
SYM traded an average of 1.42M shares per day over the past three months and 839060 shares per day over the past ten days. A total of 82.11M shares are outstanding, with a floating share count of 31.32M. Insiders hold about 67.26% of the company’s shares, while institutions hold 27.27% stake in the company. Shares short for SYM as of 1713139200 were 7818915 with a Short Ratio of 5.49, compared to 1710460800 on 7000312. Therefore, it implies a Short% of Shares Outstanding of 7818915 and a Short% of Float of 21.47.
