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

21.50

Mkt cap

13B

Volume

1.5M

High

21.85

P/E Ratio

-154.64

52-wk high

50.41

Low

21.15

Div yield

N/A

52-wk low

17.11

Symbotic's shares traded lower following the announcement of mixed financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:58 pm

Palantir Technologies Inc. shares surged 18% in pre-market trading after reporting Q4 sales above expectations and providing guidance. Other stocks also showed significant pre-market movements, with InVivo Therapeutics, Chenghe Acquisition, and Exicure among the top gainers, while Peraso Inc., Trio Petroleum, and Symbotic Inc. led the losers.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 1:16 pm

In Tuesday's pre-market session, several industrials stocks showed significant movement. Agrify (AGFY) led the gainers with a 56.2% increase, while Sunworks (SUNW) experienced the largest drop among the losers, falling 56.0%. Notably, AGCO's stock rose by 7.5% following their Q4 earnings release, and Symbotic (SYM) saw a 16.74% decrease after their Q1 earnings report.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 1:06 pm

Symbotic Inc. (NASDAQ:SYM) reported mixed Q1 results with a smaller-than-expected loss per share but slightly missed revenue estimates. The company anticipates Q2 revenue between $400 million and $420 million and adjusted EBITDA between $12 million and $15 million. Following the report, Keybanc and Needham adjusted their price targets for SYM downwards, while maintaining positive ratings. SYM shares fell 1.7% to close at $49.60.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 12:50 pm

Needham analyst James Ricchiuti maintains a Buy rating on Symbotic (SYM) but lowers the price target from $58 to $54.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 12:26 pm

Symbotic Inc. reported mixed Q1 financial results with a slight earnings beat but missed sales estimates, leading to a 20.2% drop in pre-market trading. Other stocks like FMC Corporation, Rambus Inc., Chegg, Inc., Nyxoah S.A., Plug Power Inc., Amkor Technology, Inc., UBS Group AG, and Tesla, Inc. also saw declines in pre-market trading due to various reasons including poor quarterly results, weak guidance, and previous day losses.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 10:42 am

Keybanc analyst Ken Newman maintains an Overweight rating on Symbotic (SYM) but lowers the price target from $63 to $55.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:09 am

On a day when U.S. stocks traded lower, Palantir, Nvidia, Eli Lilly, Symbotic, and Tesla were among the most watched by investors. Palantir's stock fell despite a revenue increase, Nvidia surged on a bullish forecast by Goldman Sachs, Eli Lilly rose in anticipation of its weight-loss drug, Symbotic's shares dropped after mixed financial results, and Tesla declined amid concerns over alleged illegal drug use by its CEO.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 1:45 am

Symbotic Inc. (NASDAQ:SYM) reported mixed Q1 financial results, with earnings beating analyst estimates but sales slightly missing expectations. The company announced a significant year-over-year sales increase and provided optimistic guidance for Q2. Despite this, SYM shares fell 19.4% in after-hours trading.

Portfolio Pulse from Erica Kollmann

February 05, 2024 | 9:55 pm

In Monday's after-market session, several industrials stocks showed notable movements. Amprius Technologies, Azul, Wheels Up Experience, Nauticus Robotics, Kforce, and Momentus were among the gainers, with increases ranging from 4.21% to 4.9%. On the downside, Symbotic, C3is, Pineapple Energy, Royalty Management Holdings, Agrify, and Greenland Technologies experienced declines between 3.86% and 19.4%. Kforce's rise followed its Q4 earnings release, while Symbotic's drop was linked to its Q1 earnings report.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 9:31 pm

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