Symbotic (NASDAQ:SYM – Get Rating) posted its quarterly earnings data on Monday. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01, MarketWatch Earnings reports. Symbotic had a negative net margin of 10.08% and a negative return on equity of 558.47%.
Symbotic Stock Performance
Shares of SYM stock traded up $1.57 during trading hours on Wednesday, reaching $12.34. 6,031 shares of the company were exchanged, compared to its average volume of 142,127. Symbotic has a fifty-two week low of $8.75 and a fifty-two week high of $28.48. The business has a fifty day moving average price of $11.66. The firm has a market cap of $682.65 million, a P/E ratio of -1.17 and a beta of 1.24.
Analysts Set New Price Targets
SYM has been the topic of several recent analyst reports. UBS Group initiated coverage on shares of Symbotic in a report on Monday, September 19th. They issued a “buy” rating and a $17.00 target price on the stock. Needham & Company LLC dropped their price objective on shares of Symbotic from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Symbotic from $19.00 to $20.00 in a report on Wednesday. Raymond James boosted their price objective on shares of Symbotic from $18.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, August 2nd. Finally, Robert W. Baird dropped their price objective on shares of Symbotic from $20.00 to $18.00 in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.27.
Institutional Investors Weigh In On Symbotic
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.
- Get a free copy of the StockNews.com research report on Symbotic (SYM)
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