Symbotic Inc (NASDAQ:SYM) shares, rose in value, with the stock price up by 1.62% to the previous day’s close as strong demand from buyers drove the stock to $40.19.
Actively observing the price movement in the last trading, the stock closed the session at $39.55. Referring to stock’s 52-week performance, its high was $64.14, and the low was $22.40. On the whole, SYM has fluctuated by -11.14% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.75B, with a low estimate of 405.55M and a high estimate of 420.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 412.86M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SYM’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SYM currently trading nearly -5.66% and -7.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.61, while the 7-day volatility ratio is showing 4.08% which for the 30-day chart, stands at 4.78%. Furthermore, Symbotic Inc (SYM)’s beta value is 1.96, and its average true range (ATR) is 2.17.
A comparison of Symbotic Inc (SYM) with its peers suggests the former has fared considerably weaker in the market. SYM showed an intraday change of 1.62% in last session, and over the past year, it grew by 36.65%%.
Data on historical trading for Symbotic Inc (NASDAQ:SYM) indicates that the trading volumes over the past 3 months, they’ve averaged 1.48 million. According to company’s latest data on outstanding shares, there are 82.11 million shares outstanding.
Nearly 68.02% of Symbotic Inc’s shares belong to company insiders and institutional investors own 17.36% of the company’s shares. The stock has fallen by -21.70% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SYM stock heading into the next quarter.
