Symbotic Inc. (SYM) closed at $29.26 in the latest trading session, marking a -1.01% move from the prior day.
SYMBOTIC INC (SYM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SYMBOTIC INC (SYM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Symbotic (SYM -4.03%) stock surged by double-digit percentages for the second straight week, jumping 14.2% this week at its highest point in trading through 2 p.m. ET Friday, according to data provided by S&P Global Market Intelligence.
Symbotic's fiscal 2024 revenue surged 52% to $1.78 billion, with adjusted EBITDA improving significantly, indicating strong growth potential despite current GAAP net losses. The acquisition of Walmart's Advanced Systems and Robotics Business deepens Symbotic's relationship with Walmart, potentially adding $5 billion to its backlog and expanding its market. Symbotic's massive $22.4 billion backlog and strategic expansions into new industries and international markets highlight its long-term growth potential.
Symbotic's stock has shown significant volatility, rising 28% after a favorable Q4 2024 report and dropping 36% due to revenue recognition issues. The stock surged 12% on January 16, 2025, following the acquisition of Walmart's Advanced Systems and Robotics business. The company has a significant customer concentration risk.
SYMBOTIC INC (SYM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
SYMBOTIC INC (SYM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Symbotic (SYM 21.44%) stock is seeing huge gains in Thursday's trading. The automation and robotics company's share price was up 20.7% as of 2 p.m.
Walmart and Symbotic announced a deal Tuesday that would find the Massachusetts robotics firm taking control of the mega-retailer's automation business. Symbotic is paying $200 million in cash for the program, plus up to $350 million in “additional contingent consideration,” depending on how the deal shakes out.
Shares of robotics company Symbotic (SYM) jumped about 20% Thursday morning after the company announced an expanded partnership with Walmart (WMT) that includes Symbotic buying Walmart's robotics business, and Walmart funding development of new automation programs.
Walmart selects Symbotic to develop a solution to automate the retailer's accelerated pickup and delivery centers.