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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024

Symbotic (SYM) Stock Price, News & Analysis

$45.23
-2.66 (-5.55%)
(As of 03/27/2024 ET)
Today's Range
$43.94
$48.63
50-Day Range
$37.91
$50.45
52-Week Range
$20.70
$64.14
Volume
1.61 million shs
Average Volume
1.32 million shs
Market Capitalization
$26.10 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$52.85

Symbotic MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
16.8% Upside
$52.85 Price Target
Short Interest
Bearish
27.13% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.69mentions of Symbotic in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$285.35 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.

1.65 out of 5 stars

Business Services Sector

202nd out of 313 stocks

General Industrial Machinery, Industry

5th out of 10 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 (NASDAQ:SYM) Trading Down 3.6% on Insider Selling
SYM Mar 2024 42.000 put
SYM Mar 2024 30.000 put
iRobot plans to cut R&D expenses in 2024
SYM May 2024 22.500 call
The 3 Most Undervalued AI Stocks to Buy in March 2024
SYM Oct 2024 32.500 call
SYM Oct 2024 32.500 put
SYM Apr 2024 50.000 call
See More Headlines
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Company Calendar

Last Earnings
2/05/2024
Today
3/28/2024
Next Earnings (Estimated)
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
$52.85
High Stock Price Target
$70.00
Low Stock Price Target
$36.00
Potential Upside/Downside
+16.8%
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
$26.10 billion
Optionable
Not Optionable
Beta
1.90
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Key Executives

  • Mr. Thomas C. Ernst Jr.Mr. Thomas C. Ernst Jr. (Age 55)
    Principal Accounting Officer & Treasurer
    Comp: $463.8k
  • Mr. Walter Odisho (Age 61)
    Chief Manufacturing & Supply Chain Officer
    Comp: $753.85k
  • Ms. Carol J. Hibbard (Age 55)
    CFO & Treasurer
  • Mr. George Dramalis (Age 64)
    Chief Technology Officer
  • Mr. Jeffrey K. Evanson
    Vice President of Investor Relations & Corporate Development
  • Mr. Corey C. DuFresne (Age 52)
    Senior VP, General Counsel & Secretary
  • Mr. Michael Dunn (Age 51)
    Senior VP of Sales, Marketing & Product Strategy
    Comp: $712.87k
  • Ms. Miriam Ort (Age 43)
    Chief Human Resources Officer
  • Mr. William  Boyd IIIMr. William Boyd III (Age 57)
    Chief Strategy Officer
  • Mr. Rob Krattiger
    Senior Vice President of Customer Experience & System Performance

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 Monday, March 25, 2024 at 11:58 PM.

Pros

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

  • Symbotic Inc. has been consistently improving its warehouse automation technology, which can lead to increased operational efficiencies for retailers and wholesalers.
  • Recent institutional trading activity shows that major investment firms like Vanguard Group Inc. and Price T Rowe Associates Inc. have been increasing their stakes in Symbotic, indicating confidence in the company's future growth potential.
  • The stock price of Symbotic has shown positive momentum, trading at $48.38 with a market capitalization of $27.92 billion, suggesting investor interest and potential for capital appreciation.
  • Symbotic's latest earnings report exceeded analyst expectations, with the company reporting better-than-expected revenue and EPS figures, showcasing strong financial performance.
  • Symbotic's innovative automation systems cater to the modern demands of large warehouses and distribution centers, positioning the company well in the rapidly evolving retail industry.

Cons

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

  • Symbotic Inc. has a negative return on equity and a negative net margin, indicating potential financial challenges and inefficiencies in the company's operations.
  • Insiders have been selling significant amounts of company stock, with 38.30% currently owned by corporate insiders, which may raise concerns about insider sentiment and future prospects.
  • The company's stock has a high price-to-earnings ratio of -179.19 and a beta of 1.90, suggesting volatility and potential risks associated with investing in Symbotic.
  • While Symbotic has shown growth potential, the company faces competition in the automation technology sector, which could impact its market share and profitability in the future.
  • Analysts anticipate a negative EPS for the current fiscal year, indicating potential challenges ahead for Symbotic in terms of profitability and financial performance.

SYM Stock Analysis - Frequently Asked Questions

Should I buy or sell Symbotic stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Symbotic in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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 1 year price objectives for Symbotic's stock. Their SYM share price targets range from $36.00 to $70.00. On average, they expect the company's share price to reach $52.85 in the next year. This suggests a possible upside of 16.8% 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 the year. Since then, SYM stock has decreased by 11.9% and is now trading at $45.23.
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 were Symbotic's earnings last quarter?

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

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

Symbotic issued an update on its second quarter 2024 earnings guidance on Monday, February, 5th. The company provided EPS 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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (0.37%), Vanguard Group Inc. (0.36%), 1832 Asset Management L.P. (0.19%), Voloridge Investment Management LLC (0.16%), Mirae Asset Global Investments Co. Ltd. (0.12%) and Raymond James & Associates (0.10%). 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 3/28/2024 by MarketBeat.com Staff

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