The Question Is Whether To Buy Or Not To Buy Symbotic Inc (NASDAQ: SYM)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Symbotic Reports First Quarter Fiscal Year 2024 Results.

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Stocks Info

Symbotic Inc is listed on the NASDAQ as a member of the Industrials sector and is a part of the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $49.60 and fluctuated between $52.20 as its day high and $48.81 as its day low. The current market capitalization of Symbotic Inc is $26.39B. A total of 3.83 million shares were traded on the day, compared to an average of 1.40M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SYM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 16 BUYs and 46 SELLs from insiders. Insiders purchased 53,846,689 shares during that period but sold 27,039,107.

In the most recent transaction, Dunn Michael David sold 7,051 shares of SYM for 45.00 per share on Jan 30. After the transaction, the insider now owns 65,646 company shares. In a previous transaction on Jan 25, Boyd William M III sold 405 shares at 40.77 per share. SYM shares that Chief Strategy Officer owns now total 23,012.

Among the insiders who sold shares, Dunn Michael David disposed of 71 shares on Jan 25 at a per-share price of $40.77. This resulted in the insider holding 72,697 shares of SYM after the transaction. In another insider transaction, Boyd William M III sold 13,073 shares at $41.56 per share on Jan 24. Company shares held by the Chief Strategy Officer now total 23,417.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, SYM has a high of $64.14 and a low of $14.14.

As of this writing, SYM has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.19. The company reported an EPS of -$0.07 in the last quarter, which was -16.70% lower than expectations of -$0.06.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $0.00, while its Total Shareholder’s Equity was -$1.11B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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.

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