Symbotic Inc. with ticker code (SYM) now have 12 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between 36 and 30 suggesting an average Analsyt target price of $33.67. Given that the stocks previous close was at $31.13 this would imply there is now a potential upside of 8.2%. It’s also worth noting that there is a 50 day moving average of $25.43 and the 200 moving average now moves to $16.30. The company has a market cap of 17.30B. The stock price is currently at: 31.14 USD
The potential market cap would be $18,708,344,478 based on the market consensus.
The company has a dividend yield of 1.62%. Other points of data to note are a P/E ratio of -, revenue per share of 11.11 and a -19.87% return on assets.
Symbotic Inc. is focused on artificial intelligence (AI)-enabled robotics automation technology. The Company is engaged in developing, commercializing, and deploying advanced, end-to-end technology solutions that improve supply chain operations. The Company’s platform accelerates the movement of goods through the supply chain, improves stock keeping unit (SKU) agility, and fulfills orders. The platform is composed of atomizing robotics, a buffering structure, autonomous mobile robots that handle product, robotic palletizing cells, and software that coordinates and optimizes the movements of all these systems to maximize the throughput of goods while reducing cost of the system. The Company’s platform is enhanced by its AI powered autonomous hardware and system software. It automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. It serves industries, such as retail, food and beverage, groceries, third-party logistics and others.
