Last Updated: 17 Sep 2024
Executive Summary
Symbotic Inc. (SYM) is a real estate and construction company operating in the blank check industry. The company has a market capitalization of $13.12 billion and reported revenue of $1.68 billion in the latest fiscal year. Symbotic Inc. is currently trading at $22.41 per share.
Company Overview
Symbotic Inc. is a special purpose acquisition company (SPAC) that was formed in 2020 to acquire a target company in the technology industry. The company has not yet acquired a target company and is currently in the process of evaluating potential acquisition candidates.
Fundamental Analysis
Symbotic Inc. is a relatively new company and has not yet reported any financial results. The company's financial performance will depend on the target company that it acquires.
Technical Analysis
SYM has been trading in a range between $17.11 and $59.82 over the past 52 weeks. The stock is currently trading near the bottom of this range. The 50-day moving average is $26.99 and the 200-day moving average is $39.38.
Short Term Outlook
SYM is currently trading below its 50-day and 200-day moving averages. This indicates that the stock is in a downtrend. The stock is likely to continue to trade in a range between $17.11 and $26.99 in the short term.
Long Term Outlook
The long-term outlook for SYM will depend on the target company that it acquires. If the company acquires a successful target company, then the stock could rise significantly. However, if the company acquires an unsuccessful target company, then the stock could decline.
Analyst Recommendations
Analysts have a mixed outlook on SYM. Two analysts have a strong buy rating, nine analysts have a buy rating, four analysts have a hold rating, and one analyst has a sell rating. The average analyst target price is $40.64.
