SYM Stock Summary and Trading Ideas (Symbotic - Class A | NASDAQ:SYM)

Symbotic Inc is an automation technology company that develops technologies to improve operating efficiencies in modern warehouses. The group develops, commercializes, and deploys innovative, end-to-end technology solutions that dramatically improve supply chain operations. Symbotic also automates the processing of pallets and cases in large warehouses or distribution centers for some of the retail and wholesale companies in the world. The company operates in two geographical regions the United States and Canada. Key revenue is generated from the United States.

Symbotic - Class A trades on the NASDAQ stock market under the symbol SYM.

As of September 30, 2024, SYM stock price declined to $25.24 with 205,284 million shares trading.

SYM has a beta of 2.41, meaning it tends to be more sensitive to market movements. SYM has a correlation of 0.14 to the broad based SPY ETF.

SYM has a market cap of $2.62 billion. This is considered a Mid Cap stock.

Last quarter Symbotic - Class A reported $492 million in Revenue and -$.02 earnings per share. This beat revenue expectation by $30 million and missed earnings estimates by -$.04.

The top ETF exchange traded funds that SYM belongs to (by Net Assets): BOTZ, ROBO, VUG, VTI, ROBT.

SYM has underperformed the market in the last year with a return of -22.3%, while the SPY ETF gained +35.8%. In the last 3 month period, SYM fell short of the market, returning -28.3%, while SPY returned +4.9%. However, in the most recent 2 weeks SYM has outperformed the stock market by returning +19.4%, while SPY returned +2.0%.

SYM support price is $24.22 and resistance is $26.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SYM shares will trade within this expected range on the day.