Symbotic Inc. (SYM)
Market Cap | 29.43B |
Revenue (ttm) | 1.18B |
Net Income (ttm) | -182.88M |
Shares Out | 556.57M |
EPS (ttm) | -2.89 |
PE Ratio | n/a |
Forward PE | 769.23 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 1,216,784 |
Open | 54.80 |
Previous Close | 55.32 |
Day's Range | 52.38 - 55.29 |
52-Week Range | 10.21 - 64.14 |
Beta | 1.80 |
Analysts | Buy |
Price Target | 51.92 (-1.82%) |
Earnings Date | Nov 20, 2023 |
About SYM
Symbotic Inc., an automation technology company, provides robotics and technology to improve efficiency for retailers and wholesalers in the United States. The company offers Symbotic system, an end-to-end warehouse automation system for product distribution. It also designs, assemblies, and installs modular inventory management systems and performs configuration of embedded software. Symbotic Inc. is headquartered in Wilmington, Massachusetts. [Read more]
Financial Performance
In 2023, Symbotic's revenue was $1.18 billion, an increase of 98.36% compared to the previous year's $593.31 million. Losses were -$217.13 million, 179.4% more than in 2022.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for SYM stock is "Buy." The 12-month stock price forecast is $51.92, which is a decrease of -1.82% from the latest price.
News

It's not too late to buy Symbotic, an AI-powered automation stock
Symbotic Inc. NASDAQ: SYM emerged as a must-have next-gen technology over the past year, and its Q3 results prove the thesis. The company's AI-powered warehouse automation is in such high demand that ...

Buy Symbotic Inc. stock to take your slice of the growing AI industry
Symbotic Inc. (NASDAQ:SYM) soared more than 40% in a single day following favourable stock market news. Having closed at $37 on Monday, the share price rose to $52 by the time of presenting this analy...

Walmart-Backed AI Warehouse Tech Company Symbotic Reports Record Revenue; Shares Soar 40%
Shares of Walmart (WMT) and Softbank-backed maker of warehouse automation systems Symbotic (SYM) jumped more than 40% Tuesday after reporting record revenue as the company improved margins and deploye...

Symbotic Reports 2023 Results with Record Revenue and Improved Margin as Deployments Accelerated
WILMINGTON, Mass., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for its fourth q...

Southern Glazer's Wine & Spirits and Symbotic Announce Agreement to Implement Industry-Leading Warehouse Automation Systems
Southern Glazer's entered into a strategic agreement and intend to deploy Symbotic's A.I.-powered software and robotics warehouse automation systems.

Symbotic is at a Critical Price Point: Are Big Gains in Sight?
Symbotic NASDAQ: SYM stock is down about 50% from the summer highs, but all is not lost. The market has reached the bottom and is at a critical price point that could lead to a rebound this year.

Symbotic Announces Tom Ernst's Retirement and Names Chief Financial Officer
WILMINGTON, Mass., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.

These 2 Stocks Help Put an Industrial Spin on AI
As the market retreats after a run-up fueled by artificial intelligence (AI) stocks, some analysts say the air is coming out of the AI bubble. But savvy investors know that AI has been around for a lo...

Symbotic Has No Margin of Safety
Symbotic Inc. ( SYM , Financial) is an American company that specializes in automation technology used in supply chain operations. The company uses artificial intelligence and robotics to create a sys...

3 Reasons Symbotic Should Be On Your August Watchlist
Despite being a $30 billion company, Symbotic Inc NASDAQ: SYM isn't one of the more well-known stocks out there. That's been changing, though, helped by the fact that in recent weeks they've consisten...

Symbotic Reports Third Quarter Fiscal Year 2023 Results
Achieved Record Revenue and Operating Margin Cash, Cash Equivalents, Restricted Cash and Marketable Securities Reach $513 Million GreenBox Joint Venture Doubles Addressable Market & Increases Order Ba...

Symbotic Announces Date for Reporting Third Quarter Fiscal 2023 Financial Results
WILMINGTON, Mass., July 25, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release its third quarter f...

SoftBank and Symbotic team to offer automated warehouses as a service
When it comes to retail, it's Amazon versus the world. That's been true for a long time and will continue to be so for the foreseeable future.

SoftBank Group and Symbotic Establish New Warehouse-as-a-Service Joint Venture To Transform Supply Chain Services Through Automation and A.I.
TOKYO & WILMINGTON, Mass.--(BUSINESS WIRE)--SoftBank Group Corp. (TSE: 9984, “SoftBank”) and Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-powered automation technology for the supply chain, today ann...

Analysts Are Recommending Symbiotic In July, High Potential?
Every market turn, such as the one investors encounter today, brings to light a set of favorite industries with their own set of perceived 'winning' stocks. The larger the underlying pivot, the more a...

Symbotic AI Robots Disrupt Warehouse Industry, Stock Price Soars
It may not be quite that futuristic (or dystopian, depending on your viewpoint), but Symbotic Inc. NASDAQ: SYM posted gains for six months in a row as investors cheer the company's AI-powered robotic ...

2 Tech Stocks With Upgrades and Positive Outlook
Symbotic NASDAQ: SYM and Global-e Online NASDAQ: GLBE are members of the 2022 class of IPOs. The 1st came to market as a reverse merger, while the other went the traditional IPO route with NASDAQ.

How Symbotic Is Helping to Power the Warehouse Automation Revolution
Daily media coverage of intriguing and widely adopted advancements in robotics is attracting widespread interest in how these technologies impact our daily lives, yet few investors are aware of the va...

Associated Food Stores and Symbotic Announce Agreement to Implement Industry-Leading Warehouse Automation System
Robotic case-picking system to improve Associated Food Stores' supply chain capabilities and retailer experiences Distribution center transformation to increase efficiency and reduce costs Technology ...

Symbotic Reports Second Quarter Fiscal 2023 Results
Revenue Growth Accelerates to 177% Year-Over-Year Reached Significant Outsourcing and Resource Rationalization Milestones Initiated Seven New System Deployments WILMINGTON, Mass., May 01, 2023 (GLOBE ...

Symbotic Announces Date for Reporting Second Quarter Fiscal 2023 Financial Results
WILMINGTON, Mass., April 24, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release its second quarter...

Symbotic to Host Investor Day and Webcast
WILMINGTON, Mass., April 19, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will host an Investor Day with ...

Symbotic: An Under-the-Radar Automation and AI Play
One aspect of the growth potential of artificial intelligence (AI) the headlines often overlook is its ability to revolutionize the automation of warehouses and other key parts of the supply chain.

Daniela Rus Elected to Board of Directors of Symbotic
MIT Professor Brings Decades of Research and Experience in Robotics and Artificial Intelligence MIT Professor Brings Decades of Research and Experience in Robotics and Artificial Intelligence