How Worried Should Investors Be About Symbotic Inc (NASDAQ: SYM)’

Symbotic Inc (NASDAQ:SYM) does about 1.26M shares in volume on a normal day but saw 1748906 shares change hands in Friday’s trading. The company now has a market cap of 22.23B USD. Its current market price is $41.79, marking a decrease of -6.61% compared to the previous close of $44.75. The 52 week high reached by this stock is $64.14 whilst the lowest price level in 52 weeks is $23.58.

Symbotic Inc (SYM) has a 20-day trading average at $41.25 and the current price is -34.85% off the 52-week high compared with 77.23% distance from its 52-week low. The 50-day simple moving average of the closing price is $43.34 and its 200-day simple moving average is $42.71. If we look at the stock’s price movements over the week, volatility stands at 8.57%, which decreases to 5.71% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.25 to suggest the stock is neutral.

The consensus objective for the share price is $56.31, suggesting that the stock has a potential upside of 25.79% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 07, 2024 when DA Davidson upgraded the stock to “Buy” and issued a price target of $50. KeyBanc Capital Markets initiated its price target at $50.

Symbotic Inc (SYM) stock is up 1.60% over the week and -6.82% over the past month. Its price is -18.59% year-to-date and 57.58% over the past year.

To reach the target analysts have set, the stock logically needs to grow 25.79 percent from here.

The company has a return on investment of -4.39% and return on equity of -9.09%. The forward price to earnings ratio is 72.45. The beta has a value of 1.99. Price to book ratio is 10.14 and price to sales ratio is 14.86.