Symbotic Inc (NASDAQ: SYM) stock jumped 3.36% on Friday to $37.20 against a previous-day closing price of $35.99. With 0.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.91 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $38.16 whereas the lowest price it dropped to was $36.12. The 52-week range on SYM shows that it touched its highest point at $64.14 and its lowest point at $8.75 during that stretch. It currently has a 1-year price target of $53.50. Beta for the stock currently stands at 1.69.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SYM was up-trending over the past week, with a rise of 18.55%, but this was down by -12.92% over a month. Three-month performance surged to 2.17% while six-month performance rose 28.14%. The stock gained 315.64% in the past year, while it has gained 211.56% so far this year. A look at the trailing 12-month EPS for SYM yields -0.40 with Next year EPS estimates of 0.19. For the next quarter, that number is -0.00. This implies an EPS growth rate of 58.12% for this year and 364.88% for next year.
Float and Shares Shorts:
At present, 57.72 million SYM shares are outstanding with a float of 33.33 million shares on hand for trading. On Oct 30, 2023, short shares totaled 7.08 million, which was 8.76% higher than short shares on Sep 28, 2023. In addition to Mr. Richard B. Cohen as the firm’s Chairman of the Board & CEO, Mr. Thomas C. Ernst Jr. serves as its CFO, Principal Accounting Officer & Treasurer.
Institutional Ownership:
Through their ownership of 61.16% of SYM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 8.28% of SYM, in contrast to 7.68% held by mutual funds. Shares owned by individuals account for 121.34%. As the largest shareholder in SYM with 2.50% of the stake, The Vanguard Group, Inc. holds 2,022,784 shares worth 2,022,784. A second-largest stockholder of SYM, Voloridge Investment Management L, holds 741,401 shares, controlling over 0.92% of the firm’s shares. Global X Management Co. LLC is the third largest shareholder in SYM, holding 636,461 shares or 0.79% stake. With a 0.97% stake in SYM, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 783,242 shares are owned by the mutual fund manager. The Global X Robotics & Artificial In, which owns about 0.74% of SYM stock, is the second-largest Mutual Fund holder. It holds 599,715 shares valued at 20.41 million. Fidelity Trend Fund holds 0.68% of the stake in SYM, owning 546,800 shares worth 18.61 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SYM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
Summary of Insider Activity:
Insiders traded SYM stock several times over the past three months with 5 Buys and 19 Sells. In these transactions, 318,925 shares were bought while 617,080 shares were sold. The number of buy transactions has increased to 20 while that of sell transactions has risen to 53 over the past year. The total number of shares bought during that period was 53,956,293 while 27,174,167 shares were sold.
