The stock of Symbotic Inc. (NASDAQ:SYM) increased by $0.21 on Tuesday to at $39.99, up 0.52 percent. The last five days have seen an average of 717,968 shares of common stock traded. 43 times new highs were reached in the current year, with a gain of $27.86. The average number of shares traded over the last 20 days was 1,001,457, while the average volume over the last 50 days totaled 1,202,503.
SYM stock dropped -37.06% since last month. On 08/21/23, the company’s shares reached a one-month low of $35.92. The stock touched a high of $64.14 on 07/31/23, after rallying from a low of $8.75 in 52 weeks. The price of SYM stock has risen by 234.92% or $27.86 this year, reaching a new high 43 times. Still, the stock price is down -37.65% from the 52-week high.
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Insider Transactions
SYM stock investors should be aware that Symbotic Inc. (SYM) stock had its last reported insider trading activity 21 days ago on Aug 08. On Aug 08, Chief Strategy Officer Boyd William M III sold 31,593 shares at $50.16 each. This transaction resulted in the insider making $1,584,623. On Aug 08, KRASNOW TODD sold 31,461 shares at a price of US$50.15. After the transaction, the insider now owns 0 shares. Director KANE CHARLES had earlier sold 31,344 shares on Aug 08 for $50.15 a share. The transaction was completed for $1,571,837.
Valuation Metrics
Beta for the stock is 1.76. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 22.69, the price-to-book (PB) ratio of 999.75, and the price-to-cash flow ratio of 217.93.
Financial Health
For the three months ended June 29, Symbotic Inc.’s quick ratio was 0.80, while its current ratio was 1.00, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 16.30% percent. Symbotic Inc.’s EBITDA margin for the year ended June 29 was -22.65%, whereas its operating margin stood at -21.70% for the same period. Based on annual data, it had gross profit of $99.65 million and revenue of $593.31 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SYM’s return on assets (ROA) during the last 12 months has been -2.80%. In the meantime, the return on equity (ROE) for the last 12 months was -535.00%.
Earnings Surprise
According to Symbotic Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Symbotic Inc.’s quarterly earnings would be -$0.07, but it ended up being -$0.06, beating the consensus by -16.70%. EBITDA was -$39.55 million for the quarter. At the end of Symbotic Inc.’s most recent quarter ended June 29, its liabilities totaled 948.11 million, while its total debt was $5.08 million. Equity owned by shareholders amounts to $555.85 million.
Technical Picture
Here’s a quick look at Symbotic Inc.’s (SYM) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 45.15%, suggesting the stock is Neutral, with a 64.87% historical volatility rate.
The stochastic %K and %D were 21.61% and 18.09% respectively, while the average true range (ATR) was 3.52. Based on the 14-day stochastic reading of 28.41%, the RSI (14) reading is 45.47%. On the 9-day MACD Oscillator, the stock is at 0.47, and the 14-day reading is at -1.03.
Analyst Ratings
Symbotic Inc. (NASDAQ: SYM) was downgraded by William Blair to a a Mkt perform rating in its latest research report. The stock was previously rated as a an Outperform.
