An Evaluation Of Symbotic Inc (NASDAQ: SYM) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Symbotic Inc (SYM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.28, or 0.78%, to $36.27. The Symbotic Inc has recorded 1,804 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Southern Glazer’s Wine & Spirits and Symbotic Announce Agreement to Implement Industry-Leading Warehouse Automation Systems.

Stocks Info

SYM belongs to the Industrials sector of the NASDAQ while operating in the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $35.99 and fluctuated between $37.62 as its day high and $35.60 as its day low. The current market capitalization of Symbotic Inc is $2.91B. A total of 0.59 million shares were traded on the day, compared to an average of 921.55K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SYM has seen 5 BUY and 19 SELL insider trades, representing the acquisition of 318,925 and the disposition of 617,080 shares. Over the last 12 months, there were 20 BUYs and 53 SELLs from insiders. Insiders purchased 53,956,293 shares during that period but sold 27,174,167.

In the most recent transaction, Dunn Michael David sold 5,558 shares of SYM for 31.21 per share on Oct 03. After the transaction, the insider now owns 96,114 company shares. In a previous transaction on Aug 30, Ernst Thomas C JR sold 39,723 shares at 39.05 per share. SYM shares that Chief Financial Officer owns now total 426.

Among the insiders who sold shares, Boyd William M III disposed of 39,625 shares on Aug 30 at a per-share price of $39.05. This resulted in the Chief Strategy Officer holding 1,193 shares of SYM after the transaction. In another insider transaction, KANE CHARLES sold 22,982 shares at $39.05 per share on Aug 30. Company shares held by the Director now total 65,000.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, SYM has a high of $64.14 and a low of $8.75.

As of this writing, SYM has an earnings estimate of -$0.12 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.05 per share and a lower estimate of -$0.45. The company reported an EPS of -$0.1 in the last quarter, which was -233.30% lower than expectations of -$0.03.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SYM’s latest balance sheet shows that the firm has $156.63M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $0.04, while its Total Shareholder’s Equity was -$1.11B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SYM is Buy with a score of 4.23.