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

32.71

Mkt cap

3.4B

Volume

712K

High

32.89

P/E Ratio

-147.82

52-wk high

59.82

Low

31.80

Div yield

N/A

52-wk low

17.11

In Tuesday's pre-market session, several industrial stocks showed significant movement. Symbotic (SYM) experienced a notable gain of 27.7% after their Q4 earnings release. Dycom Industries (DY) and Golden Ocean Group (GOGL) also saw their shares rise by 9.23% and 4.72% respectively, following their earnings reports. On the losing side, Turbo Energy (TURB), Gaucho Group Holdings (VINO), and Applied UV (AUVI) faced declines after their earnings were announced. Other stocks such as Desktop Metal (DM), Freight Technologies (FRGT), Gates Industrial Corp (GTES), SES AI (SES), Jacobs Solutions (J), and Nuvve Holding (NVVE) also experienced movements in their stock prices.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 1:06 pm

Symbotic Inc. (NASDAQ:SYM) shares increased by approximately 22% in pre-market trading following the announcement of Q4 sales that surpassed analyst expectations. The company reported sales of $392 million against a consensus estimate of $306.9 million. Despite reporting a quarterly loss of 8 cents per share, this was an improvement from the 10 cents per share loss in the same period last year. Keybanc upgraded Symbotic's price target from $50 to $63. Other stocks also showed significant movement in pre-market trading, with various gainers and losers listed.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 1:05 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 21, 2023 | 12:59 pm

Needham analyst James Ricchiuti has reiterated a Buy rating on Symbotic (NASDAQ:SYM) and maintained a $58 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:06 pm

Keybanc analyst Ken Newman has maintained an Overweight rating on Symbotic (NASDAQ:SYM) and increased the price target from $50 to $63, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:49 am

Symbotic Inc. (NASDAQ:SYM) stock surged in after-hours trading following the release of their Q4 sales results, which exceeded analyst expectations. The company reported a smaller loss per share than anticipated and a significant increase in quarterly sales compared to the same period last year. Symbotic also provided positive guidance for Q1 revenue and adjusted EBITDA. CEO Rick Cohen highlighted the company's growth and plans for continued investment in innovation and partnerships.

Portfolio Pulse from Ryan Gustafson

November 20, 2023 | 10:05 pm

In Monday's after-market session, Symbotic (SYM) saw a significant increase of 19.7% in stock price after Q4 earnings release. Other gainers included Primech Holdings (PMEC), noco-noco (NCNC), Recruiter.Com Group (RCRT), JanOne (JAN), and Safe & Green Holdings (SGBX), with various percentage increases. On the losing side, Gaucho Group Holdings (VINO), Guardforce AI Co (GFAI), C3is (CISS), HireRight Holdings (HRT), Baiyu Holdings (BYU), and Pineapple Energy (PEGY) experienced declines in their stock prices.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 9:31 pm

Symbotic's stock price has increased following the announcement of their Q4 sales results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:20 pm

Symbotic (NASDAQ:SYM) reported Q4 earnings with an EPS of $-0.08, beating estimates by 33.33% against an expected $-0.12. Revenue increased by $147.48 million compared to the same period last year. Despite beating this quarter, the company's share price dropped 9.33% the day after last quarter's earnings miss.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 9:10 pm

Symbotic (NASDAQ:SYM) reported Q4 earnings with a loss of $(0.08) per share, surpassing the consensus estimate of $(0.12) by 33.33%. Year-over-year, this reflects a 20% improvement in earnings. The company's quarterly sales reached $392.00M, exceeding expectations by 27.73% and marking a 60.38% increase from the previous year's $244.41M.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:01 pm

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