Symbotic (SYM) Stock Forecast, Price & News

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.

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.

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.

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.

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

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.

ETFs with the largest weight of Symbotic (NASDAQ:SYM) stock in their portfolio include Invesco DWA Financial Momentum ETF (PFI), ROBO Global Robotics & Automation ETF (ROBO), Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ) and First Trust US Equity Opportunities ETF (FPX).AAM Transformers ETF (TRFM) and

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.

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

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

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.

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.