At the last check on Friday, Symbotic Inc.’s (NASDAQ:SYM) stock was down -$3.19, moving down -5.50 percent to $54.79. The average number of shares traded per day over the past five days has been 2,247,844 shares. 1 time new highs have been achieved over the past 5 days, with a $13.18 gain in that time frame. In the last twenty days, the average volume was 1,480,321, while in the previous 50 days, it was 1,228,768.
Since last month, SYM stock rose 36.95%. Shares of the company fell to $35.20 on 07/24/23, the lowest level in the past month. A 52-week high of $64.14 was reached on 07/31/23 after having rallying from a 52-week low of $8.75. Since the beginning of this year, SYM’s stock price has risen by 358.90% or $43.42, and marked a new high 43 times. However, the stock has declined by -14.57% since its 52-week high.
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Sponsored
SYM stock investors should be aware that Symbotic Inc. (SYM) stock had its last reported insider trading activity 10 days ago on Jul 25. Cohen Janet L, the 10% Owner of the company, disposed of 17,825,312 shares for $28.05 on Jul 25. It resulted in a $500,000,002 divestment by the insider. Cohen Richard B sold 17,825,312 shares at an average price of $28.05 on Jul 25. The insider now owns 0 shares following the transaction. On Jul 25, 10% Owner Ladensohn David A sold 14,260,250 shares at $28.05 apiece. The transaction was valued at $400,000,012.
Valuation Metrics
The stock’s beta is 1.60. Besides these, the trailing price-to-sales (P/S) ratio of 31.90, the price-to-book (PB) ratio of 1369.82, and the price-to-cash flow ratio of 1158.22 may also be considered.
Financial Health
In the three months ended June 29, Symbotic Inc.’s quick ratio stood at 0.90, while its current ratio was 1.00, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 16.40% percent. In the year ended June 29, EBITDA margin amounted to -22.65%, whereas operating margins totaled -24.00%. Based on annual data, SYM earned $99.65 million in gross profit and brought in $593.31 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Symbotic Inc. to report -$0.06 quarterly earnings, the actual figure was -$0.07 per share, beating the consensus estimate by -16.70%. During the quarter, the company generated -$39.55 million in EBITDA. The liabilities of Symbotic Inc. were 948.11 million at the end of its most recent quarter ended June 29. The value of shareholders’ equity is $555.85 million.
Technical Picture
This quick technical analysis looks at Symbotic Inc.’s (SYM) price momentum. With a historical volatility rate of 227.80%, the RSI 9-day stood at 58.81% on 03 August.
With respect to its five-day moving average, the current Symbotic Inc. price is up by +31.25% percent or $13.18. At present, SYM shares trade +34.47% above its 20-day simple moving average and +237.56% percent above its 100-day simple moving average. However, the stock is currently trading approximately +77.78% above its SMA50 and +311.60% above its SMA200.
Stochastic coefficient K was 76.85% and Stochastic coefficient D was 80.71%, while ATR was 6.60. Given the Stochastic reading of 69.66% for the 14-day period, the RSI (14) reading has been calculated as 58.48%. As of today, the MACD Oscillator reading stands at 6.93, while the 14-day reading stands at 8.46.
Analyst Ratings
Symbotic Inc. downgraded its rating on Symbotic Inc. (NASDAQ: SYM) to a Mkt perform in a note to investors on August 01, 2023. The analysts firm previously had an Outperform rating on the stock.
