Latest news with #Symbotic
Yahoo
a day ago
- Business
- Yahoo
Symbotic Unveals Transition Plan For Its New CFO
Symbotic Inc. (NASDAQ:SYM) is one of the . On June 9, the company unveiled its transition plan for its new Chief Financial Officer. The company appointed Izzy Martins as its new CFO effective August 9, 2025. Martins will succeed Hibbard, who is advancing to a new career path. However, Hibbard will remain with the company until the end of the year to ensure the transition goes smoothly. Photo by Andrea De Santis on Unsplash Martin's appointment could be a game-changer for the company as she brings 20 years of financial and business leadership experience to the company. She has served at prominent names in pivotal positions. 'On behalf of the Board and executive team, we are thrilled to welcome Izzy to Symbotic. She brings a strong track record of strategic financial leadership and deep operational expertise, and we look forward to her contributions as we continue to execute on our long-term plans for growth and scale,' said Rick Cohen, Chairman and CEO of Symbotic. Symbotic Inc. (NASDAQ:SYM) offers a complete AI-backed robotics and software platform. The company builds technology to improve supply chain infrastructure. While we acknowledge the potential of MYO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
04-07-2025
- Business
- Globe and Mail
Why Symbotic Stock Skyrocketed Again Today
Key Points Symbotic stock jumped double digits Thursday as the broader market rallied and major indexes notched new records. Better-than-expected jobs data and other catalysts helped power big gains for Symbotic and other growth stocks. Symbotic has been posting encouraging results and has big growth opportunities ahead. Aided by a strong bullish backdrop for the broader market, Symbotic (NASDAQ: SYM) stock posted double-digit gains Thursday. The robotics and automation specialist's share price rose 13.5% in a day of trading that saw the S&P 500 index's level increase 0.8% and the Nasdaq Composite 's level rise 1%. Symbotic stock has been on a huge rally recently, and its stock is now up 102% year to date. The stock has surged as warehouse automation and robotics plays have gained momentum, but there may be good reason for the hype in this case. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Symbotic stock rises on bullish macroeconomic indicators The S&P 500 and Nasdaq Composite each rose to record new levels in Thursday's trading, and Symbotic stock surged in conjunction with the broader bullish momentum. The U.S. Bureau of Labor Statistics' jobs report showed that 147,000 non-farm jobs were added in June, which came in significantly better than 110,000 additions that had been forecasted. At the same time, there was nothing in the jobs report that raised inflationary fears or caused investors to worry that the Federal Reserve might be less likely to cut interest rates in the near future. What's next for Symbotic? With the company's last quarterly report, sales increased roughly 40% year over year to hit $550 million. While sales are expected to decline on a sequential quarterly basis to between $520 million and $540 million, the midpoint of that guidance range still suggests annual growth of roughly 12%. Symbotic's sales growth trajectory might look somewhat uneven in the near term, but the company's long-term expansion outlook appears very promising. In addition to scoring continued wins through its partnership with Walmart, the company should also have the opportunity to substantially increase its business with other customers. Should you invest $1,000 in Symbotic right now? Before you buy stock in Symbotic, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Symbotic wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $692,914!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $963,866!* Now, it's worth noting Stock Advisor 's total average return is1,049% — a market-crushing outperformance compared to179%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Symbotic and Walmart. The Motley Fool has a disclosure policy.
Yahoo
04-07-2025
- Business
- Yahoo
Why Symbotic Stock Skyrocketed Again Today
Symbotic stock jumped double digits Thursday as the broader market rallied and major indexes notched new records. Better-than-expected jobs data and other catalysts helped power big gains for Symbotic and other growth stocks. Symbotic has been posting encouraging results and has big growth opportunities ahead. 10 stocks we like better than Symbotic › Aided by a strong bullish backdrop for the broader market, Symbotic (NASDAQ: SYM) stock posted double-digit gains Thursday. The robotics and automation specialist's share price rose 13.5% in a day of trading that saw the S&P 500 index's level increase 0.8% and the Nasdaq Composite's level rise 1%. Symbotic stock has been on a huge rally recently, and its stock is now up 102% year to date. The stock has surged as warehouse automation and robotics plays have gained momentum, but there may be good reason for the hype in this case. The S&P 500 and Nasdaq Composite each rose to record new levels in Thursday's trading, and Symbotic stock surged in conjunction with the broader bullish momentum. The U.S. Bureau of Labor Statistics' jobs report showed that 147,000 non-farm jobs were added in June, which came in significantly better than 110,000 additions that had been forecasted. At the same time, there was nothing in the jobs report that raised inflationary fears or caused investors to worry that the Federal Reserve might be less likely to cut interest rates in the near future. With the company's last quarterly report, sales increased roughly 40% year over year to hit $550 million. While sales are expected to decline on a sequential quarterly basis to between $520 million and $540 million, the midpoint of that guidance range still suggests annual growth of roughly 12%. Symbotic's sales growth trajectory might look somewhat uneven in the near term, but the company's long-term expansion outlook appears very promising. In addition to scoring continued wins through its partnership with Walmart, the company should also have the opportunity to substantially increase its business with other customers. Before you buy stock in Symbotic, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Symbotic wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $692,914!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $963,866!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Symbotic and Walmart. The Motley Fool has a disclosure policy. Why Symbotic Stock Skyrocketed Again Today was originally published by The Motley Fool
Yahoo
02-07-2025
- Business
- Yahoo
Symbotic Inc. (SYM) Ascends While Market Falls: Some Facts to Note
In the latest trading session, Symbotic Inc. (SYM) closed at $39.68, marking a +2.14% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.11%. At the same time, the Dow added 0.91%, and the tech-heavy Nasdaq lost 0.82%. Coming into today, shares of the company had gained 32.41% in the past month. In that same time, the Business Services sector lost 0.76%, while the S&P 500 gained 5.17%. Analysts and investors alike will be keeping a close eye on the performance of Symbotic Inc. in its upcoming earnings disclosure. On that day, Symbotic Inc. is projected to report earnings of $0.03 per share, which would represent year-over-year growth of 250%. Our most recent consensus estimate is calling for quarterly revenue of $536.41 million, up 9.06% from the year-ago period. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.2 per share and revenue of $2.22 billion, indicating changes of +350% and +19.32%, respectively, compared to the previous year. Any recent changes to analyst estimates for Symbotic Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Symbotic Inc. is currently sporting a Zacks Rank of #5 (Strong Sell). Looking at valuation, Symbotic Inc. is presently trading at a Forward P/E ratio of 192.65. This expresses a premium compared to the average Forward P/E of 20.8 of its industry. We can also see that SYM currently has a PEG ratio of 6.42. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. SYM's industry had an average PEG ratio of 1.47 as of yesterday's close. The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 43, finds itself in the top 18% echelons of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Symbotic Inc. (SYM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
01-07-2025
- Business
- Yahoo
Why Symbotic is the better robotics pick — not Tesla
Prairie Operating Co. executive vice president of market strategy Lou Basenese joins Market Domination to share his top stock pick: Symbotic (SYM), due to the company's blue-chip adoption, $22 billion backlog, and scaling with robots. Conversely, Basenese explains why he's avoiding Tesla (TSLA): political headline risk, unclear growth trajectory, and fading electric vehicle (EV) demand. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Welcome to goodbye or goodbye. Our goal here to help cut through that noise to navigate the best moves for your portfolio. I'm here now with prairie executive vice president of market strategy. That would be Lou Basaez. Your bullish on symbolic loose. So let's start there. This one, by the way, has already had quite the movie. I mean, folks love this thing. This is like, to get this right, 70% already this year. But Lou, you say, you know what, you stick with it, you buy it. So let's run through the reasons. The first reason, blue chip adoption. Yeah, look at this. This is a an automation warehouse automation and robotics and AI play. They've got customers including Walmart and Amazon. So you have the best of the best that have huge scale that can give symbolic scale very quickly too. So I think you want to go with blue chip client list, not some early adopters that are unproven to deploy it. Second reason you say it's a buy, let's go through that mega backlog, 22 billion. 22 billion is almost equivalent to the company's entire market cap, right? So you have not the potential of growth, you have locked in growth here that they can work through. It's more about conversion than execution. Um, so I love that from the standpoint of we don't have to guess where sales are coming from. We know where they're at. Uh, we can predict and model that very, very accurately across the the quarters. And final reason, scaling now with robots. Yeah, robots are all the rage apparently, right? Everyone loves humanoid robots. I don't know about you, I'm not going to adopt it early. I'd rather look towards industrial robotics and automation. That's what symbolic allows you to do. It's scaling now, it's happening. It's about 30 billion dollar market that exists today growing to 60 plus billion. We know it's happening, it's real. It's not on the come like a lot of this humanoid robot talk. All right, so you convince me, Lou, I'm ready to commit capital. Before I do though, walk me through the downside risk I need to think about. Would you say heavy customer concentration? Yeah. You know, sometimes your strength can be your biggest weakness, right? So you have Walmart that accounts for the majority of this backlog. They're going to roll it out through all their distribution centers. Each one cost about $365 million. So if you start adding that up across 45, if Walmart changes its plans or slows the pace, that's going to slow the pace of growth for symbolic. So you're wed to Walmart's plans here, um, that could work against you. All right, so buy symbolic. Let's move to one you would avoid. Now this one, Tesla, this should get some response on X. Let's run through the reasons you say you would avoid Elon Musk's company. The first reason, I think we can all, political headline risks, certainly something we're all talking about today. He can't avoid it. He can't help himself, right? And you know, just go start another company. Get out of politics, right? You're doing a lot more for humanity there. I think you're going to see the share price react to his latest tweet and President Trump's response on Truth Social. So I don't like to have that mixed in with my investment money. Second reason you say as far as demand destruction. Yeah, you're seeing, right, we're going to get delivery numbers tomorrow. The the numbers coming out of Tesla have not been great, even though you've seen other Chinese EV makers doing well. You're seeing a slowdown in Europe as well. I think that first mover advantage is wearing off. They've gotten a premium market valuation for being a first mover that you're going to see keep winnowing and and shrinking. Third and final reason you say Tesla is one to avoid, questionable growth prospects. Listen, if you look at patent filings for humanoid robots, Tesla is not at the top of the list. They only have about 16 patent families. Uh, there's a couple other private companies that have hundreds of patents. I don't think Tesla's going to be a huge player in humanoid robots. They're going to make all the headlines for it, but I think that's what everyone's banking on is self-driving cars and these Optimus humanoid robots. I I just don't see it. I'm not, I don't want to invest on what's on the come tomorrow, I want to invest on what's happening today. And before you avoid it though, what would be the upside risk you should think about? Yeah. Man, I don't want to say he's the best salesman in the world, but he is a great vision caster. He's got a loyal following of shareholders. If he can paint a picture of how Tesla grows into its valuation and keeps growing, I think you're going to see that. The shares will rally once everyone knows his focus and attention is on the company and not President Trump. It's always an entry point because when you talk about this company, Lou, and I'm hard pressed actually, at least right now to think of another company where there's a parallel like this. Musk is Tesla, Tesla is Musk. It's like Steve Jobs and Apple, right? Thousand%. And and people, there's some strong group of investors and they go there because they believe in Musk and his vision and that yes, the future is robo taxis and robots and he's going to win. And that they I that group of people will literally look through those delivery numbers. Yeah, it's cultish to me, but I get it's faithfulness to them. So I'd rather just not, there's other opportunities out there I don't want to engage in that. Fair enough. All right, so buy symbolic, avoid Tesla, according to Lou. Thank you all for watching. Goodbye or goodbye. Sign in to access your portfolio
