November 20, 2023, Symbotic Inc (NASDAQ: SYM) trading session started at the price of $37.64, that was -0.11% drop from the session before. During the day, the shares moved up to $38.99 and dropped to $36.68 before settling in for the closing price of $37.20. A 52-week range for SYM has been $8.81 – $64.14.
When this article was written, the company’s average yearly earnings per share was at 16092.41%. With a float of $33.33 million, this company’s outstanding shares have now reached $57.72 million.
In an organization with 1120 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +16.80, operating margin of -23.66, and the pretax margin is -23.44.
Symbotic Inc (SYM) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Symbotic Inc stocks. The insider ownership of Symbotic Inc is 58.78%, while institutional ownership is 15.58%. The most recent insider transaction that took place on Oct 03, was worth 173,473. In this transaction an insider of this company sold 5,558 shares at a rate of $31.21, taking the stock ownership to the 96,114 shares. Before that another transaction happened on Aug 30, when Company’s Chief Financial Officer sold 39,723 for $39.05, making the entire transaction worth $1,551,178. This insider now owns 426 shares in total.
Symbotic Inc (SYM) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 6/29/2023, it has been observed that the corporation posted -$0.07 earnings per share (EPS) during the time that was less than consensus figure (set at -$0.06) by -$0.01. This company achieved a net margin of -1.16 while generating a return on equity of -4.38. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16092.41% per share during the next fiscal year.
Symbotic Inc (NASDAQ: SYM) Trading Performance Indicators
You can see what Symbotic Inc (SYM) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.92. Likewise, its price to free cash flow for the trailing twelve months is 28.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.40, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 0.52 in one year’s time.
Technical Analysis of Symbotic Inc (SYM)
Let’s dig in a bit further. During the last 5-days, its volume was 1.15 million. That was better than the volume of 0.83 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 72.92%. Additionally, its Average True Range was 2.74.
During the past 100 days, Symbotic Inc’s (SYM) raw stochastic average was set at 21.84%, which indicates a significant decrease from 74.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 84.09% in the past 14 days, which was lower than the 106.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.58, while its 200-day Moving Average is $33.36. However, in the short run, Symbotic Inc’s stock first resistance to watch stands at $38.54. Second resistance stands at $39.92. The third major resistance level sits at $40.85. If the price goes on to break the first support level at $36.23, it is likely to go to the next support level at $35.30. Assuming the price breaks the second support level, the third support level stands at $33.92.
Symbotic Inc (NASDAQ: SYM) Key Stats
There are 555,848K outstanding shares of the company, which has a market capitalization of 3.00 billion. As of now, sales total 593,310 K while income totals -79,000 K. Its latest quarter income was 311,840 K while its last quarter net income were -4,350 K.