As of Monday, Symbotic Inc.’s (NASDAQ:SYM) stock closed at $32.48, up from $31.85 the previous day. While Symbotic Inc. has overperformed by 1.98%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SYM rose by 142.57%, with highs and lows ranging from $64.14 to $8.75, whereas the simple moving average jumped by 15.77% in the last 200 days.
On August 01, 2023, William Blair Downgraded Symbotic Inc. (NASDAQ: SYM) to Mkt Perform.
Analysis of Symbotic Inc. (SYM)
Further, the quarter-over-quarter increase in sales is 77.60%, showing a positive trend in the upcoming months.
One of the most important indicators of Symbotic Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -535.00% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.80, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and SYM is recording 1.18M average volume. On a monthly basis, the volatility of the stock is set at 6.89%, whereas on a weekly basis, it is put at 5.91%, with a loss of -7.01% over the past seven days. Furthermore, long-term investors anticipate a median target price of $55.33, showing growth from the present price of $32.48, which can serve as yet another indication of whether SYM is worth investing in or should be passed over.
How Do You Analyze Symbotic Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.60%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 39.60% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in SYM shares?
The recent increase in stakes in SYM appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in SYM has increased by 62.05% in the first quarter. The company now owns 2,083,463 shares of the stock, with a value of $87.07 million, following the purchase of 797,778 additional shares during the last quarter. During the last quarter, the company picked up 0 additional shares for a total stake of worth $38.18 million, bringing number of shares owned by the company to 913,554.
During the first quarter, First Trust Advisors LP added a 366,761 position in SYM. Global X Management Co. LLC purchased an additional 0.15 million shares in the last quarter, increasing its holdings by 30.76%, now holding 0.64 million shares worth $26.86 million. At the end of the first quarter, Fidelity Management & Research Co increased its SYM holdings by 54.67% and now holds 0.59 million SYM shares valued at $24.79 million with the added 0.21 million shares during the period. SYM shares are owned by institutional investors to the tune of 39.60% at present.