Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Symbotic Inc before investing.

In this article, we go over a few key elements for understanding Symbotic Inc’s stock price such as:

• Symbotic Inc’s current stock price and volume
• Why Symbotic Inc’s stock price changed recently
• Upgrades and downgrades for SYM from analysts
• SYM’s stock price momentum as measured by its relative strength

About Symbotic Inc (SYM)

Before we jump into Symbotic Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Symbotic Inc. is an automation technology company reimagining the supply chain with its end-to-end, artificial intelligence (AI) powered robotic and software platform. It develops, commercializes, and deploys end-to-end technology solutions that improve supply chain operations. It 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 Symbotic platform is based on an approach to connecting producers of goods to end users in a way that resolves the mismatches of quantity, timing and location that arise between the two, while reducing costs. It utilizes fully autonomous robots, collectively controlled by its AI-enabled system software, to achieve at scale, real world supply chain improvements. It serves various industries: retail grocery, food wholesale and others. It offers FreeMove 3D depth-sensing computer vision system for industrial work cells and all related intellectual property.

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Symbotic Inc’s Stock Price as of Market Close

As of September 23, 2024, 4:00 PM, CST, Symbotic Inc’s stock price was $23.52.

Symbotic Inc is down 6.56% from its previous closing price of $25.17.

During the last market session, Symbotic Inc’s stock traded between $24.23 and $25.56. Currently, there are 102.41 million shares of Symbotic Inc stock available for purchase.

Unfortunately, Symbotic Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Symbotic Inc Stock Price History

Symbotic Inc’s (SYM) price is currently up 22.5% so far this month.

During the month of September, Symbotic Inc’s stock price has reached a high of $26.97 and a low of $17.11.

Over the last year, Symbotic Inc has hit prices as high as $59.82 and as low as $17.11. Year to date, Symbotic Inc’s stock is up 96.98%.

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What Caused Symbotic Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 20, 2024, there were 3 analysts who downgraded Symbotic Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Symbotic Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Symbotic Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Symbotic Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Symbotic Inc (SYM) by visiting AAII Stock Evaluator.

Relative Price Strength of Symbotic Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 20, 2024, Symbotic Inc has a weighted four-quarter relative price strength of -10.03%, which translates to a Momentum Score of 31 and is considered to be Weak.

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Symbotic Inc Stock Price: Bottom Line

As of September 23, 2024, Symbotic Inc’s stock price is $23.52, which is down 6.56% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Symbotic Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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