Symbotic Inc. (SYM)

NASDAQ: SYM · IEX Real-Time Price · USD
52.88
-2.44 (-4.41%)
Nov 30, 2023, 4:00 PM EST - Market closed
-4.41%
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]

Industry Shell Companies
Sector Financials
Founded 2005
Employees 1,120
Stock Exchange NASDAQ
Ticker Symbol SYM
Full Company Profile

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 Statements

Analyst 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.

Price Target
$51.92
(-1.82% downside)
Analyst Consensus: Buy
Stock Forecasts

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 ...

6 days ago - MarketBeat

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...

8 days ago - Invezz

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...

Other symbols: WMT
9 days ago - Investopedia

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...

10 days ago - GlobeNewsWire

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.

15 days ago - GlobeNewsWire

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.

7 weeks ago - MarketBeat

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.

2 months ago - GlobeNewsWire

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...

Other symbols: ATS
3 months ago - MarketBeat

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...

4 months ago - GuruFocus

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...

4 months ago - MarketBeat

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...

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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.

Other symbols: SFTBY
4 months ago - TechCrunch

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...

4 months ago - Business Wire

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...

4 months ago - MarketBeat

20 Stocks That Look Like They're in Bubble Territory Right Now

Stocks that are difficult to sell short are likely to be overvalued, a new study finds. These fit the bill.

5 months ago - Barrons

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 ...

6 months ago - MarketBeat

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.

Other symbols: GLBEWMT
6 months ago - MarketBeat

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...

7 months ago - ETF Trends

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 ...

7 months ago - GlobeNewsWire

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 ...

7 months ago - GlobeNewsWire

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...

7 months ago - GlobeNewsWire

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 ...

8 months ago - GlobeNewsWire

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.

8 months ago - GuruFocus

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

9 months ago - GlobeNewsWire