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S&P 500   4,594.63
DOW   36,245.50
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MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
How major US stock indexes fared Friday, 12/1/2023
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
All the trading advice you’ve ever received boils down to this (Ad)
US joins in other nations in swearing off coal power to clean the climate
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
How major US stock indexes fared Friday, 12/1/2023
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
All the trading advice you’ve ever received boils down to this (Ad)
US joins in other nations in swearing off coal power to clean the climate
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
How major US stock indexes fared Friday, 12/1/2023
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
All the trading advice you’ve ever received boils down to this (Ad)
US joins in other nations in swearing off coal power to clean the climate
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"

Symbotic Stock Price, News & Analysis (NASDAQ:SYM)

$56.73
+3.85 (+7.28%)
(As of 12/1/2023 ET)
Compare
Today's Range
$50.52
$57.41
50-Day Range
$30.27
$58.19
52-Week Range
$10.21
$64.14
Volume
1.73 million shs
Average Volume
1.69 million shs
Market Capitalization
$31.53 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$51.92

Symbotic MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
8.5% Downside
$51.92 Price Target
Short Interest
Bearish
1.37% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.13mentions of Symbotic in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$5.48 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.02) to $0.39 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.34 out of 5 stars

Business Services Sector

303rd out of 318 stocks

General Industrial Machinery, Industry

9th out of 9 stocks


SYM stock logo

About Symbotic Stock (NASDAQ:SYM)

Symbotic Inc., headquartered in Wilmington, Massachusetts, is an American robotics warehouse automation company at the forefront of revolutionizing supply chain operations. The company specializes in building and operating automated warehouse systems for clients in the United States and Canada, using advanced artificial intelligence in its software. By leveraging cutting-edge technology, Symbotic aims to enhance efficiency, increase productivity and optimize customer inventory management.

Symbotic's mission is to transform how products are stored, sorted, and distributed within the retail and wholesale industries. With its innovative solutions, the company offers a seamless end-to-end warehouse automation system, streamlining the entire product distribution process. Symbotic's software and robotic systems enable swift and precise movement, empowering clients to improve their operational performance and meet the demands of today's dynamic market.

The company serves a diverse range of grocery, retail, and wholesale customers, including industry giants such as C&S Wholesale Grocers, Albertsons, Giant Tiger, Target, and Walmart. Symbotic's software is employed by over 1,400 stores, showcasing the widespread adoption and effectiveness of their advanced warehouse automation technology.

Symbotic Inc. is led by a skilled and experienced management team dedicated to driving innovation and delivering exceptional results. Richard B. Cohen brings extensive expertise to his role as Chairman and Chief Executive Officer of Symbotic. With a proven leadership and strategic vision track record, Cohen is pivotal in guiding the company toward success. Under his guidance, Symbotic has achieved significant milestones and expanded its customer base.

Symbotic Inc. has exhibited impressive financial performance in recent years, demonstrating its ability to capture market share and generate substantial revenue. 

Recent revenue reports show that year-over-year revenue has increased by over 100%. This significant increase in revenue underscores the company's ability to deliver value to its clients and gain traction in the market.

Symbotic's net profit margin is currently negative, demonstrating the challenges of scaling a technology-focused business. However, the company's focus on innovation and expanding customer reach positions it for long-term profitability. 

Symbotic operates in the dynamic and rapidly evolving industry of warehouse automation. The industry has gained significant importance in recent years as businesses strive to enhance operational efficiency and meet the demands of e-commerce and omnichannel retail.

The warehouse automation industry is highly competitive, with several players offering various solutions. Symbotic differentiates itself by utilizing artificial intelligence and robotics to create end-to-end automation systems that optimize the entire product distribution process. The company's untethered robots, capable of high-speed and flexible movements, provide a competitive advantage over traditional fixed-route systems.

The industry faces regulatory and political challenges, such as labor regulations and safety standards, which impact the adoption of automation technologies. However, as companies increasingly recognize warehouse automation's benefits in cost reduction, productivity improvement, and inventory management, the industry is poised for continued growth.

Symbotic Inc. has numerous growth opportunities to propel its success in the coming years.  As technology advances, Symbotic can invest in research and development to further enhance its software and robotics capabilities. Innovations such as machine learning, computer vision, and predictive analytics can contribute to even greater efficiency and optimization in warehouse operations.

While Symbotic Inc. has demonstrated impressive growth potential, it faces certain risks and challenges. The warehouse automation industry is highly competitive, with established players and emerging startups vying for market share. Symbotic must continuously innovate and differentiate itself to maintain its competitive edge.

Symbotic's growth depends on the overall economic conditions and consumer spending patterns. Economic downturns or recessions can impact the demand for warehouse automation solutions.

The rapid pace of technological advancements necessitates Symbotic to stay at the forefront of innovation. Failure to adapt to emerging technologies or evolving customer demands could render its solutions obsolete.

As the industry faces increasing regulatory scrutiny, Symbotic must adhere to safety, labor, and privacy regulations. Non-compliance could lead to reputational damage and legal consequences.

SYM Stock Price History

SYM Stock News Headlines

It’s not too late to buy Symbotic, an AI-powered automation stock
Symbotic shoots higher as results outpace consensus and guidance is raised; analysts are driving this market and may send it to a new high soon.
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Symbotic Inc. (NASDAQ:SYM) Director Sells $967,561.74 in Stock
Symbotic Inc. (NASDAQ:SYM) Director Sells $2,694,308.32 in Stock
What's Going On With Symbotic Stock?
Symbotic: This Warehouse Transformer Has More Upside
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Symbotic (NASDAQ:SYM) Shares Gap Down to $53.86
Why Symbotic Stock Rallied This Week
3 Things About Symbotic the Smartest Investors Know
Symbotic (NASDAQ:SYM) PT Raised to $63.00
Symbotic (NASDAQ:SYM) Sees Large Volume Increase on Analyst Upgrade
Symbotic Stock: A Well-Deserved Run, But I Don't Want In
Symbotic (NASDAQ:SYM) Given Overweight Rating at Cantor Fitzgerald
Symbotic's (SYM) "Buy" Rating Reaffirmed at Needham & Company LLC
Symbotic (NASDAQ:SYM) Shares Gap Up on Analyst Upgrade
See More Headlines
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Company Calendar

Last Earnings
11/20/2023
Today
12/02/2023
Next Earnings (Estimated)
1/29/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
General industrial machinery,
Sub-Industry
N/A
Current Symbol
NASDAQ:SYM
Fax
N/A
Employees
1,120
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$51.92
High Stock Price Target
$70.00
Low Stock Price Target
$32.00
Potential Upside/Downside
-8.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Net Income
$-23,870,000.00
Pretax Margin
-20.93%

Debt

Sales & Book Value

Annual Sales
$1.18 billion
Cash Flow
$0.00 per share
Book Value
$0.12 per share

Miscellaneous

Free Float
327,950,000
Market Cap
$31.53 billion
Optionable
Not Optionable
Beta
2.12
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Key Executives

  • Mr. Richard B. Cohen (Age 70)
    Chairman of the Board & CEO
  • Mr. Thomas C. Ernst Jr.Mr. Thomas C. Ernst Jr. (Age 54)
    CFO, Principal Accounting Officer & Treasurer
    Comp: $654.68k
  • Mr. Michael Dunn (Age 50)
    Senior VP of Sales, Marketing & Product Strategy
    Comp: $712.87k
  • Mr. George Dramalis (Age 63)
    Chief Technology Officer
  • Mr. Jeffrey K. Evanson
    Vice President of Investor Relations & Corporate Development
  • Mr. Corey C. DuFresne (Age 51)
    Senior VP, General Counsel & Secretary
  • Ms. Miriam Ort (Age 42)
    Chief Human Resources Officer
  • Mr. Bill Boyd III (Age 56)
    Chief Strategy Officer
  • Mr. Rob Krattiger
    Senior Vice President of Customer Experience & System Performance
  • Mr. Pete Opalacz
    Senior Vice President of Customer Operations

Should I Buy Symbotic Stock? SYM Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Symbotic was last updated on Tuesday, November 28, 2023 at 10:23 PM.

Pros

Here are some ways that investors could benefit from investing in Symbotic Inc.:

  • The company offers an end-to-end warehouse automation system for product distribution, which can improve efficiency for retailers and wholesalers.
  • Symbotic Inc. provides robotics and technology solutions that can enhance operational efficiency for retailers and wholesalers in the United States.
  • The company designs, assembles, and installs modular inventory management systems, which can help streamline inventory processes for businesses.
  • Symbotic Inc. performs configuration of embedded software, ensuring that the automation technology is tailored to meet the specific needs of its clients.
  • Recent developments and advancements in Symbotic's automation technology may contribute to increased productivity and cost savings for businesses.

Cons

Investors should be bearish about investing in Symbotic Inc. for these reasons:

  • There is limited information available on the current stock price of Symbotic Inc., making it difficult to assess its investment potential.
  • Investing in automation technology companies like Symbotic Inc. carries inherent risks, including potential technological disruptions and market competition.
  • Fluctuations in the retail and wholesale industry, as well as changes in consumer behavior, may impact the demand for Symbotic's products and services.
  • Investors should carefully consider the financial health and stability of Symbotic Inc. before making investment decisions.
  • It is important to conduct thorough research and analysis of Symbotic Inc.'s financial performance and market position to make informed investment choices.














SYM Stock Analysis - Frequently Asked Questions

Should I buy or sell Symbotic stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Symbotic in the last twelve months. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SYM shares.
View SYM analyst ratings
or view top-rated stocks.

What is Symbotic's stock price target for 2024?

12 brokers have issued 1-year price objectives for Symbotic's stock. Their SYM share price targets range from $32.00 to $70.00. On average, they expect the company's share price to reach $51.92 in the next twelve months. This suggests that the stock has a possible downside of 8.5%.
View analysts price targets for SYM
or view top-rated stocks among Wall Street analysts.

How have SYM shares performed in 2023?

Symbotic's stock was trading at $11.94 at the beginning of 2023. Since then, SYM shares have increased by 375.1% and is now trading at $56.73.
View the best growth stocks for 2023 here
.

When is Symbotic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024.
View our SYM earnings forecast
.

How were Symbotic's earnings last quarter?

Symbotic Inc. (NASDAQ:SYM) announced its quarterly earnings data on Monday, November, 20th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by $0.02. The firm had revenue of $391.89 million for the quarter, compared to the consensus estimate of $306.89 million. Symbotic had a negative trailing twelve-month return on equity of 76.68% and a negative net margin of 2.03%. The business's revenue for the quarter was up 60.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.10) earnings per share.

What guidance has Symbotic issued on next quarter's earnings?

Symbotic issued an update on its first quarter 2024 earnings guidance on Monday, November, 20th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $350.00 million-$370.00 million, compared to the consensus revenue estimate of $348.62 million.

Who are Symbotic's major shareholders?

Symbotic's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (0.12%), FMR LLC (0.11%), Raymond James & Associates (0.09%), Exchange Traded Concepts LLC (0.06%), S Squared Technology LLC (0.05%) and Legal & General Group Plc (0.05%). Insiders that own company stock include Charles Kane, David A Ladensohn, Janet L Cohen, Michael David Dunn, Rollin L Ford, Rollin L Ford, Svf Ii Spac Investment 3 (De), Thomas C Ernst Jr, Todd Krasnow and William M Boyd III.
View institutional ownership trends
.

How do I buy shares of Symbotic?

Shares of SYM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:SYM) was last updated on 12/2/2023 by MarketBeat.com Staff

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