28-Jun-2024
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Symbotic Reports Second Quarter Fiscal Year 2024 Results
Globe Newswire (Mon, 6-May 4:00 PM ET)
Symbotic to Stream Investor Day Webcast on May 9, 2024
Globe Newswire (Tue, 16-Apr 5:00 PM ET)
Symbotic Announces Date for Reporting Second Quarter Fiscal 2024 Financial Results
Globe Newswire (Tue, 16-Apr 4:00 PM ET)
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 June 28, 2024, SYM stock price declined to $35.16 with 1,254,215 million shares trading.
SYM has a beta of 2.13, meaning it tends to be more sensitive to market movements. SYM has a correlation of 0.10 to the broad based SPY ETF.
SYM has a market cap of $3.59 billion. This is considered a Mid Cap stock.
Last quarter Symbotic - Class A reported $424 million in Revenue and -$.07 earnings per share. This beat revenue expectation by $11 million and missed earnings estimates by -$.02.
The top ETF exchange traded funds that SYM belongs to (by Net Assets): BOTZ, VTI, VO, VXF, ROBO.
SYM has underperformed the market in the last year with a price return of -16.0% while the SPY ETF gained +26.3%. SYM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -21.9% and -0.3%, respectively, while the SPY returned +4.4% and +0.6%, respectively.
SYM support price is $33.94 and resistance is $36.46 (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 stock will trade within this expected range on the day.