A new trading day began on Friday, with Symbotic Inc (NASDAQ: SYM) stock price down -4.06% from the previous day of trading, before settling in for the closing price of $28.58. SYM’s price has ranged from $17.11 to $59.82 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 32.79%. Meanwhile, its annual earnings per share averaged 975.15%. With a float of $39.41 million, this company’s outstanding shares have now reached $101.20 million.
Considering the fact that the conglomerate employs 1300 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 14.34%, operating margin of -8.89%, and the pretax margin is -7.03%.
Symbotic Inc (SYM) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Industrial Machinery Industry. The insider ownership of Symbotic Inc is 62.02%, while institutional ownership is 33.28%. The most recent insider transaction that took place on Oct 24 ’24, was worth 150,692. In this transaction Director of this company sold 5,250 shares at a rate of $28.70, taking the stock ownership to the 74,562 shares. Before that another transaction happened on Oct 24 ’24, when Company’s See Remarks sold 1,715 for $28.77, making the entire transaction worth $49,343. This insider now owns 87,922 shares in total.
Symbotic Inc (SYM) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.08 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 975.15% per share during the next fiscal year.
Symbotic Inc (NASDAQ: SYM) Trading Performance Indicators
Here are Symbotic Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.70. Likewise, its price to free cash flow for the trailing twelve months is 235.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.17, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.38 in one year’s time.
Technical Analysis of Symbotic Inc (SYM)
Compared to the last year’s volume of 1.6 million, its volume of 0.98 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 14.85%. Additionally, its Average True Range was 1.76.
During the past 100 days, Symbotic Inc’s (SYM) raw stochastic average was set at 41.83%, which indicates a significant decrease from 50.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 85.66% in the past 14 days, which was higher than the 83.91% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.88, while its 200-day Moving Average is $35.78. Nevertheless, the first resistance level for the watch stands at $29.04 in the near term. At $30.66, the stock is likely to face the second major resistance level. The third major resistance level sits at $31.63. If the price goes on to break the first support level at $26.45, it is likely to go to the next support level at $25.48. Should the price break the second support level, the third support level stands at $23.86.
Symbotic Inc (NASDAQ: SYM) Key Stats
With a market capitalization of 14.59 billion, the company has a total of 584,628K Shares Outstanding. Currently, annual sales are 1,177 M while annual income is -23,870 K. The company’s previous quarter sales were 491,860 K while its latest quarter income was -2,490 K.
