How to Buy Symbotic Stock
Symbotic Inc
Symbotic Inc. , an automation technology company, provides robotics and technology to improve efficiency for retailers and wholesalers in the United States.
Symbotic stock last closed at $24.47, down 4.38% from the previous day, and has decreased 40.71% in one year. It has underperformed other stocks in the Specialty Industrial Machinery industry by 0.53 percentage points. Symbotic stock is currently +43.02% from its 52-week low of $17.11, and -53.12% from its 52-week high of $52.20.
As of Jan 13, 2025, there are 106.35M shares of SYM outstanding. The market capitalization of SYM is $2.60B. In the past 24 hours, 1.61M SYM shares were traded.
How to Buy Symbotic Stock
Wondering how to invest in Symbotic stock? Here's how.
- Decide where to buy Symbotic stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Symbotic stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your method of payment and add your details.
- Analyze Symbotic stock: The Symbotic ticker symbol is SYM. Is Symbotic stock a good investment? Should you buy shares of SYM? How do SYM's underlying business fundamentals look? Do top analysts think Symbotic is a good buy? Why has SYM's stock price moved recently? (Hint: Our stock market research website can help you decide if SYM is a good stock to buy).
- Make your SYM trade: Decide if you will purchase SYM shares at the current market price or use a limit order to buy SYM shares at a given price.
- Get updates on your SYM position: Create a watchlist to important updates regarding your new investment in Symbotic stock.
Step 1: Decide where to buy Symbotic stock
You need a brokerage account to access the NASDAQ market and buy SYM shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal info so you can buy SYM stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to create a new trading account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've filled out your info on one of the best stock apps, you can securely and quickly fund your account:
Check out the tutorial below if you need help depositing funds into your new brokerage account.
Step 4: Analyze Symbotic stock
After you have identified the best place to buy Symbotic stock, it's absolutely critical to evaluate their stock before you invest, so you truly understand the risk as well as the upside.
Symbotic Metrics
Symbotic Fundamentals
WallStreetZen was designed to help everyday investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on SYM's stock page.
What is the fair value of SYM stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge SYM's fair value.
Using relative valuations measures:
- SYM may be overvalued based on its P/B ratio of 13.19x, relative to Specialty Industrial Machinery industry P/B ratio of 5.34x
You can access additional valuation research on SYM's stock here.
Is SYM a healthy company?
Pros:
- SYM profit margin has gone up from -2% to -0.8% in the past year.
- SYM has cash burn of 102451000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the SYM balance sheet.
- There are more short-term assets than short-term liabilities on the SYM balance sheet.
- SYM has $727.31M in cash and short term investments. This is sufficient to cover its annual cash burn of $102.45M.
Cons:
- SYM has a relatively high debt to equity ratio of 6.03.
Is it a good time to buy SYM stock, according to analysts?
Out of 15 Equities analysts who give ratings on SYM, the consensus analyst rating on Symbotic is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent SYM Analyst Ratings
Joseph Giordano, a top 20% analyst from TD Cowen maintains SYM with a strong buy rating and raises their SYM price target from $43.00 to $50.00, on Nov 26, 2024.
TD Cowen's Joseph Giordano raised their price target on Symbotic (NASDAQ: SYM) by 16.3% from $43 to $50 on 2024/11/26. The analyst maintained their Strong Buy rating on the stock.
Symbotic reported its Q4 and FY 2024 earnings.
According to Giordano, while forecasting is still difficult, Symbotic is in-sourcing project management ahead of schedule.
Most importantly, the analyst noted, big projects were won in Mexico and started at GreenBox.
Earnings Report
Symbotic reported:
For Q4 2024:
- EPS of $0.05, which beat the Zacks Consensus Estimate of $0.03 and, by 162.5%, Q4 2023’s $(0.08).
- Revenue of $576.77M, which beat the Zacks Consensus Estimate by 22.30% and, by 47.2%, Q4 2023’s $391.89M.
For FY 2024:
- Loss per share of $0.08, compared to FY 2023’s loss of $0.37.
- Revenue of $1.82B, up 54.8% Y/Y.
For Q1 2025, management guided:
- Revenue of $495M to $515M.
- EBITDA of $27M to $31M.
Chairman & CEO Rick Cohen commented: “I’m pleased with our performance this year, as our focus on innovation and customer success has delivered robust growth.
“This year’s results, driven by the hard work and dedication of our team, underscore the strength of our long-term strategy and commitment to driving sustainable, long-term growth for our customers, shareholders, and employees.
“We look forward to building on this momentum and continuing to deliver exceptional results and value for our stakeholders in the year ahead.”
CFO Carol Hibbard added, “We are pleased to finish the FY with another quarter of strong revenue growth, along with a recovery in our gross margin to historical levels.
“Looking forward to Q1 2025, we expect continued strong topline growth with stable gross margins, along with targeted investments to capture an expanding set of opportunities.”
Hamed Khorsand, a top 6% analyst from BWS Financial maintains SYM with a sell rating and maintains their SYM price target from $10.00 to $10.00, on Nov 19, 2024.
Derek Soderberg, a bottom 7% analyst from Cantor Fitzgerald reiterates SYM with a strong buy rating and maintains their SYM price target from $60.00 to $60.00, on Nov 19, 2024.
Michael Latimore, a bottom 5% analyst from Northland Securities maintains SYM with a buy rating and raises their SYM price target from $50.00 to $53.00, on Nov 19, 2024.
Ken Newman, a top 10% analyst from KeyBanc maintains SYM with a strong buy rating and raises their SYM price target from $40.00 to $48.00, on Nov 19, 2024.
You can dive deeper into what analysts are projecting on the Symbotic stock forecast page.
SYM Momentum
How are SYM Revenues/Earnings doing?
Last year, SYM revenue was $1.79B. Over the last five year, SYM's revenue has gone up by 77.98% per year. This was faster than the Specialty Industrial Machinery industry average of 4.46%.
Find out more about SYM's earnings and revenue performance here.
What are SYM executives and large shareholders up to?
Over the past 12 months, insiders at SYM have sold more shares than they have bought.
Michael David Dunn, Officer of SYM, was the latest SYM insider to sell. They sold $131,962.91 worth of SYM shares on Jan 3, 2025.
Learn more about who owns SYM shares here.
Does SYM provide a stable income stream?
No, Symbotic doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your SYM trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount limit, place a limit order.
Hit the Open button and your broker will place the order.
If you want additional info about investing in stocks on eToro, click the how to video below:
Step 6: Get updates on your SYM position
Now that you own some shares in SYM, you'll want to stay up-to-date on your shares.
Add SYM to a watchlist to track your SYM stock.
SYM Feed
How to Buy Stock in Symbotic
To reiterate, here are the 6 steps for buying Symbotic stock:
- Decide where to buy Symbotic stock
- Create your brokerage account
- Fund your brokerage account
- Analyze Symbotic stock
- Make your SYM trade
- Get updates on your SYM position
If you require a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep an eye on your investment in Symbotic, click below.
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