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Symbotic (SYM) Stock Forecast, Price & News

$41.19
+0.94 (+2.34%)
(As of 05:11 PM ET)
Compare
Today's Range
$39.00
$42.92
50-Day Range
$22.17
$40.25
52-Week Range
$8.75
$42.92
Volume
991,300 shs
Average Volume
558,096 shs
Market Capitalization
$22.88 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$28.77

Symbotic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
31.2% Downside
$28.77 Price Target
Short Interest
Bearish
5.50% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.41mentions of Symbotic in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$1.60 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.28) to $0.17 Per Share

Overall MarketRank

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

1.74 out of 5 stars

Business Services Sector

311th out of 332 stocks

General Industrial Machinery, Industry

9th out of 10 stocks


SYM stock logo

About Symbotic (NASDAQ:SYM) Stock

Symbotic Inc., an automation technology company, provides robotics and technology to improve efficiency for retailers and wholesalers in the United States. The company offers Symbotic system, an end-to-end warehouse automation system for product distribution. It also designs, assemblies, and installs modular inventory management systems and performs configuration of embedded software. Symbotic Inc. is headquartered in Wilmington, Massachusetts.

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SYM Stock News Headlines

MarketBeat Week in Review – 5/29 - 6/2 (SYM)
The markets ended the week with a sharp rally, but the S&P 500 is now near a key resistance level as investors wait for the Fed and upcoming inflation readings.
Symbotic AI Robots Disrupt Warehouse Industry, Stock Price Soars
Symbotic's AI-powered warehouse robotics platform is driving impressive gains as major retailers embrace automated technology for more efficient operations.
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
2 Tech Stocks With Upgrades and Positive Outlook
These technology companies are harnessing the power of AI to help retailers gain efficiency and unlock sales globally. Analysts are upgrading them both.
Symbotic (NASDAQ: SYM)
Analysts Set Symbotic Inc. (NASDAQ:SYM) PT at $28.77
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
16 Analysts Have This to Say About Symbotic
Symbotic (NASDAQ:SYM) PT Raised to $36.00
Goldman Sachs Remains a Hold on Symbotic (SYM)
See More Headlines

SYM Price History

SYM Company Calendar

Last Earnings
5/01/2023
Today
6/08/2023
Next Earnings (Estimated)
8/07/2023
Fiscal Year End
9/30/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$0.00
High Stock Price Forecast
$0.00
Low Stock Price Forecast
$10,000,000.00
Forecasted Upside/Downside
-30.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
0 Analysts

Profitability

Net Income
$-79,000,000.00
Pretax Margin
-23.43%

Debt

Sales & Book Value

Annual Sales
$593.31 million
Cash Flow
$0.00 per share
Book Value
$0.12 per share

Miscellaneous

Free Float
327,721,000
Market Cap
$22.88 billion
Optionable
Not Optionable
Beta
1.31

Key Executives

  • Mr. Richard B. Cohen (Age 69)
    Chairman & CEO
  • Mr. Thomas C. Ernst Jr. (Age 54)
    CFO & Treasurer
    Comp: $630.52k
  • Mr. Michael Dunn (Age 50)
    VP of Sales, Marketing & Product Strategy
    Comp: $711.6k
  • Mr. Santhosh P. Daniel (Age 52)
    VP, Controller & Principal Accounting Officer
  • Mr. George Dramalis
    Chief Technology Officer
  • Mr. Corey C. DuFresne (Age 52)
    VP, Gen. Counsel & Sec.
  • Ms. Miriam Ort
    Chief HR Officer
  • Mr. Bill Boyd III
    Chief Strategy Officer













SYM Stock - Frequently Asked Questions

Should I buy or sell Symbotic stock right now?

0 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Symbotic in the last year. There are currently for the stock. The consensus among Wall Street analysts is that investors should "n/a" SYM shares.
View SYM analyst ratings
or view top-rated stocks.

What is Symbotic's stock price forecast for 2023?

0 brokers have issued twelve-month price objectives for Symbotic's stock. Their SYM share price forecasts range from $10,000,000.00 to $0.00. On average, they predict the company's share price to reach $0.00 in the next year. This suggests that the stock has a possible downside of 100.0%.
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 on January 1st, 2023. Since then, SYM stock has increased by 245.0% and is now trading at $41.19.
View the best growth stocks for 2023 here
.

Are investors shorting Symbotic?

Symbotic saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,380,000 shares, an increase of 21.1% from the April 30th total of 2,790,000 shares. Based on an average daily trading volume, of 642,100 shares, the short-interest ratio is currently 5.3 days. Approximately 5.5% of the company's stock are short sold.
View Symbotic's Short Interest
.

When is Symbotic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our SYM earnings forecast
.

How were Symbotic's earnings last quarter?

Symbotic Inc. (NASDAQ:SYM) released its earnings results on Monday, May, 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by $0.04. The firm earned $266.85 million during the quarter, compared to analyst estimates of $224.82 million. Symbotic had a negative trailing twelve-month return on equity of 78.17% and a negative net margin of 2.26%. The firm's revenue was up 177.2% on a year-over-year basis. During the same quarter last year, the company posted ($5.61) EPS.

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

Symbotic issued an update on its third quarter 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $245.00 million-$265.00 million, compared to the consensus revenue estimate of $253.93 million.

What is Symbotic's stock symbol?

Symbotic trades on the NASDAQ under the ticker symbol "SYM."

Who are Symbotic's major shareholders?

Symbotic's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Softbank Group CORP. (3.96%), Frontier Capital Management Co. LLC (0.19%), Navis Wealth Advisors LLC (0.16%), Exchange Traded Concepts LLC (0.11%), Mirae Asset Global Investments Co. Ltd. (0.10%) and BlackRock Inc. (0.09%). Insiders that own company stock include Michael David Dunn and Rollin L Ford.
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.

What is Symbotic's stock price today?

One share of SYM stock can currently be purchased for approximately $41.19.

How much money does Symbotic make?

Symbotic (NASDAQ:SYM) has a market capitalization of $22.88 billion and generates $593.31 million in revenue each year. The company earns $-79,000,000.00 in net income (profit) each year or ($0.35) on an earnings per share basis.

How can I contact Symbotic?

Symbotic's mailing address is 1 CIRCLE STAR WAY, SAN CARLOS CA, 94070. The official website for the company is www.symbotic.com. The company can be reached via phone at 978-284-2800 or via email at ir@symbotic.com.

This page (NASDAQ:SYM) was last updated on 6/8/2023 by MarketBeat.com Staff

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