Symbotic (SYM) Scheduled to Post Earnings on Monday

Symbotic (NASDAQ:SYM - Get Free Report) is set to announce its earnings results after the market closes on Monday, November 18th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Symbotic Stock Up 2.4 %

SYM traded up $0.83 during trading on Monday, reaching $34.78. The company had a trading volume of 1,142,688 shares, compared to its average volume of 1,570,107. The stock has a market cap of $20.37 billion, a P/E ratio of -185.95 and a beta of 1.81. The business has a 50 day simple moving average of $25.38 and a 200-day simple moving average of $31.42. Symbotic has a 52 week low of $17.11 and a 52 week high of $59.82.

Insiders Place Their Bets

In other news, CFO Carol J. Hibbard sold 22,821 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $28.96, for a total transaction of $660,896.16. Following the completion of the sale, the chief financial officer now owns 34,188 shares in the company, valued at approximately $990,084.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Symbotic news, Director Todd Krasnow sold 2,000 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.75, for a total transaction of $37,500.00. Following the completion of the transaction, the director now owns 214,036 shares in the company, valued at approximately $4,013,175. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Carol J. Hibbard sold 22,821 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $28.96, for a total transaction of $660,896.16. Following the transaction, the chief financial officer now owns 34,188 shares of the company's stock, valued at approximately $990,084.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,878 shares of company stock worth $1,378,056 in the last 90 days. Corporate insiders own 38.30% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SYM shares. BWS Financial reiterated a "sell" rating and set a $10.00 target price on shares of Symbotic in a research report on Friday, October 11th. Cantor Fitzgerald restated an "overweight" rating and set a $60.00 price target on shares of Symbotic in a research note on Friday, October 11th. Needham & Company LLC cut their price target on Symbotic from $54.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, July 30th. Craig Hallum cut their price target on Symbotic from $54.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Symbotic from $58.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Symbotic has a consensus rating of "Moderate Buy" and an average price target of $43.23.

About Symbotic

Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.