Symbotic (SYM) Stock Price, News & Analysis

$40.43
+0.18 (+0.45%)
(As of 04/24/2024 ET)
Today's Range
$39.40
$41.14
50-Day Range
$39.40
$49.27
52-Week Range
$22.40
$64.14
Volume
900,802 shs
Average Volume
1.42 million shs
Market Capitalization
$23.33 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$54.00

Symbotic MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
33.6% Upside
$54.00 Price Target
Short Interest
Bearish
28.97% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.60mentions of Symbotic in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$275.64 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.02) to $0.39 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.04 out of 5 stars

Business Services Sector

136th out of 306 stocks

General Industrial Machinery, Industry

2nd out of 8 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

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Symbotic: Critical Quarters Ahead
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Revenues exploding, a $18.70 price target, and highly lucrative addressable markets make this one you cannot ignore!
Symbotic (NASDAQ:SYM) Trading 0.4% Higher
Symbotic: Closely Watching The Next Earnings Release
Symbotic to Stream Investor Day Webcast on May 9, 2024
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Best AI Stock to Buy: Nvidia vs. Symbotic
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See More Headlines
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Company Calendar

Last Earnings
2/05/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/06/2024
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
1,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$54.00
High Stock Price Target
$70.00
Low Stock Price Target
$36.00
Potential Upside/Downside
+34.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
13 Analysts

Profitability

Net Income
$-23,870,000.00
Pretax Margin
-11.77%

Debt

Sales & Book Value

Annual Sales
$1.18 billion

Miscellaneous

Free Float
356,045,000
Market Cap
$23.11 billion
Optionable
Not Optionable
Beta
1.91
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Key Executives

Should I Buy Symbotic Stock? SYM Pros and Cons Explained

Pros

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

  • Symbotic Inc. has shown consistent revenue growth, with a strong performance in the latest quarter, exceeding analyst estimates.
  • Several institutional investors, including major players like Softbank Group CORP. and Vanguard Group Inc., have significantly increased their stakes in Symbotic, indicating confidence in the company's future prospects.
  • Analysts have issued mostly positive ratings on Symbotic, with a consensus of "Moderate Buy" and an average price target above the current stock price, suggesting potential for stock price appreciation.
  • The company operates in the automation technology sector, which is poised for growth as industries increasingly adopt advanced technologies to improve operational efficiencies.
  • Symbotic's systems are designed to enhance operations at the front end of the supply chain, catering to the needs of modern warehouses and distribution centers, aligning with the trend towards automation in logistics.

Cons

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

  • Despite positive revenue growth, Symbotic reported a negative net margin and return on equity in the latest quarter, indicating potential financial challenges that need to be addressed.
  • While institutional investors have increased their stakes, there is a risk associated with high concentration of ownership by a few major investors, which could lead to volatility in the stock price.
  • Some analysts have lowered their price targets on Symbotic, reflecting concerns about the company's future performance or market conditions that could impact its stock price.
  • Investing in automation technology companies carries inherent risks related to technological disruptions, competition, and regulatory changes that could affect Symbotic's growth trajectory.
  • Market conditions and economic uncertainties could impact the demand for automation solutions, potentially affecting Symbotic's revenue and profitability in the future.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Symbotic pros and cons to contact@marketbeat.com.

SYM Stock Analysis - Frequently Asked Questions

Should I buy or sell Symbotic stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Symbotic in the last twelve months. There are currently 3 hold ratings and 10 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?

13 equities research analysts have issued 12-month price objectives for Symbotic's shares. Their SYM share price targets range from $36.00 to $70.00. On average, they anticipate the company's stock price to reach $54.00 in the next twelve months. This suggests a possible upside of 33.6% from the stock's current price.
View analysts price targets for SYM
or view top-rated stocks among Wall Street analysts.

How have SYM shares performed in 2024?

Symbotic's stock was trading at $51.33 at the beginning of 2024. Since then, SYM stock has decreased by 21.2% and is now trading at $40.43.
View the best growth stocks for 2024 here
.

When is Symbotic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our SYM earnings forecast
.

How can I listen to Symbotic's earnings call?

Symbotic will be holding an earnings conference call on Monday, May 6th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Symbotic's earnings last quarter?

Symbotic Inc. (NASDAQ:SYM) released its earnings results on Monday, February, 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.03. The company had revenue of $368.45 million for the quarter, compared to the consensus estimate of $370.28 million. Symbotic had a negative net margin of 1.39% and a negative trailing twelve-month return on equity of 35.06%.

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

Symbotic updated its second quarter 2024 earnings guidance on Monday, February, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $400.0 million-$420.0 million, compared to the consensus revenue estimate of $403.4 million.

Who are Symbotic's major shareholders?

Symbotic's stock is owned by many different retail and institutional investors. Top institutional investors include Raymond James & Associates (0.11%), Hodges Capital Management Inc. (0.05%), Raymond James Financial Services Advisors Inc. (0.02%), Taylor Frigon Capital Management LLC (0.01%), Bourne Lent Asset Management Inc. (0.01%) and First Dallas Securities Inc. (0.00%). Insiders that own company stock include Charles Kane, David A Ladensohn, Janet L Cohen, Merline Saintil, Michael David Dunn, Richard B Cohen, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SYM) was last updated on 4/24/2024 by MarketBeat.com Staff

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