Streetbeat News

SYM

Symbotic Inc.

https://www.symbotic.com

Industry

Shell Companies

Symbotic Inc., an automation technology company, provides robotics and technology to improve efficiency for retailers and wholesalers in the United States. It offers The Symbotic System, a full-service warehouse automation system that reduces costs, improves efficiency, and maximizes inventory. The company is based in Wilmington, Massachusetts.

Open

30.26

Mkt cap

3.1B

Volume

867K

High

30.26

P/E Ratio

-147.45

52-wk high

59.82

Low

29.08

Div yield

N/A

52-wk low

17.11

Symbotic (NASDAQ:SYM) is scheduled to release its quarterly earnings report on February 5, 2024, with an expected EPS of $-0.06. Analysts and investors are keen on not just the earnings beat but also the forward guidance. Historically, Symbotic's share price has reacted significantly to its earnings performance, with a notable 40.15% increase after last quarter's earnings beat. Over the past year, SYM shares have surged by 209.79%, indicating strong investor confidence. The upcoming earnings report is highly anticipated for its potential impact on stock performance.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 4:01 pm

Shares of companies in the industrial sector are trading lower due to potential profit-taking after a recent market rally. This trend affects multiple companies across the sector.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:49 pm

Symbotic Inc. (NASDAQ:SYM) stock is trading higher, continuing an uptrend since mid-November. The rise is attributed to overall market strength due to softer October inflation data and the company's Q4 sales results, which exceeded expectations with revenue of $392 million against the forecasted $306.9 million. Earnings per share also beat estimates with a loss of eight cents compared to the anticipated 12 cents loss. Analysts from Goldman Sachs and Keybanc have raised their price targets for SYM, contributing to the stock's positive momentum. SYM shares were up 12.8% at $58.03 at the time of publication.

Portfolio Pulse from Ryan Gustafson

November 27, 2023 | 8:49 pm

Symbotic (NASDAQ:SYM) has received mixed analyst ratings in the last quarter, with 1 bullish, 3 somewhat bullish, and 4 indifferent. No somewhat bearish or bearish ratings were reported. Over the past three months, 8 analysts have set a 12-month price target for SYM, averaging $48.5, with a high of $63.00 and a low of $36.00. The average price target has increased by 12.27% over the past month.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 3:00 pm

Goldman Sachs analyst Mark Delaney has maintained a Neutral rating on Symbotic (NASDAQ:SYM) and increased the price target from $36 to $40.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:33 pm

DLocal Limited reported lower-than-expected Q3 earnings and sales, reaffirmed FY23 revenue guidance below estimates, and announced the CFO's departure, causing shares to drop 12.9% in pre-market. Other stocks experiencing pre-market losses include Guess?, The Beachbody Company, Gaotu Techedu, Virgin Galactic, Autodesk, MorphoSys, Symbotic, and HP Inc. Reasons for declines vary from disappointing financial results to company-specific news such as reverse stock splits and study results.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 11:05 am

U.S. stocks declined as the FOMC minutes were released, with the Dow, NASDAQ, and S&P 500 all falling. Health care shares rose by 0.8%, while information technology shares dropped by 0.9%. Burlington Stores, Symbotic, and Hibbett saw their shares rise after reporting positive financial results. Conversely, reAlpha Tech, vTv Therapeutics, and Galmed Pharmaceuticals experienced significant share price drops due to a public offering, reverse stock split, and study delay, respectively. Gold prices increased by 1.1%, and sales of previously owned homes in the U.S. fell by 4.1%.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 7:35 pm

During Tuesday's intraday session, several industrial stocks experienced significant movements. Symbotic (SYM) saw a 35.2% increase after Q4 earnings release, while Tigo Energy (TYGO) rose 19.62%. Dycom Industries (DY) gained 18.43% following their Q3 earnings report. Dragonfly Energy Hldgs (DFLI), Astra Space (ASTR), and Golden Ocean Group (GOGL) also saw gains. Conversely, Microvast Holdings (MVST) dropped 31.5%, Gaucho Group Holdings (VINO) fell 18.63%, and Recruiter.Com Group (RCRT), Xos (XOS), Surf Air Mobility (SRFM), and ATIF Holdings (ATIF) experienced declines.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 5:31 pm

The Nasdaq Composite fell over 100 points, with the broader U.S. stock market also trading lower. Burlington Stores, Inc. (BURL) shares surged over 20% after reporting Q3 results that beat earnings estimates but slightly missed on revenue. Anghami Inc. (ANGH), Symbotic Inc. (SYM), and Hibbett, Inc. (HIBB) saw their shares rise significantly after positive news. Conversely, reAlpha Tech Corp. (AIRE), vTv Therapeutics Inc. (VTVT), and Galmed Pharmaceuticals Ltd. (GLMD) experienced sharp declines due to various negative developments.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 5:04 pm

Symbotic Inc (NASDAQ:SYM) reported Q4 sales of $392 million, surpassing the consensus estimate of $306.9 million. The company's quarterly losses narrowed to 8 cents per share from 10 cents per share year-over-year. Following the earnings report, SYM's stock price soared by 37.2% to $50.97. Analysts from Keybanc, Goldman Sachs, Needham, and Cantor Fitzgerald have updated their price targets and ratings for Symbotic, with most maintaining positive outlooks.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 4:45 pm

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