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Symbotic Inc.

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SYM trade ideas

SYM, setup like TSLAThis chart reminds me of TSLA so much it hurts. A multi month correction forming a massive wedge. Do I care about the fundamentals of this robotic company that serves walmart warehouses? no. Does it fit a narrative that draws attention yes. A bottomed stochastic RSI is noted with a falling BBWP. This chart has 16 attempts at breaking the resistance on the weekly, the time is now. If this does not break here it will fall hugely. The rising bottoms into the contraction noted is bullish. My plan: Small bet, May calls OTM on this breakout attempt I will take the L at 26 closure My PT1=35 PT2=40.7 PT3= golden fib at 55$
NASDAQ:SYMLong
by Apollo_21mil
Symbotic $25.60 Buy.2024 was a bad year for Symbotic. The company were involved in some kind of accounting scandal, I don’t know the full facts but it sounds more like someone cocked up with the numbers rather than something more sinister. As a result of this they are now being sued by investors which doesn’t help, something I am seeing more and more of on the news wires recently. The fundamentals of the business look solid to me, their largest customer by far is Walmart for whom they supply automated warehouse systems. Results come out early February, let’s hope they can sort the accounts out this time. Charts look good for me, I see a nice Chanel starting to build, expecting a comeback this year
NASDAQ:SYMLong
by RIckAshby
3
Symbotic Hypergrowth? $850 Price TargetOverview Symbotic Inc. is an A.I. and robotics automation company based in Wilmington, Massachusetts that is looking to increase the ability for companies to keep up with growing demand. To do this, they utilize artificial intelligence software to maintain records and warehouse organization with the assistance of SKU numbers. Autonomous robots then account for, store, and retrieve items in a fraction of the time that it would take a human being. Symbotic's mission is to increase supply capabilities through the symbiotic relationship of artificial intelligence and robots. Its origins trace back to 2007, before it was known as Symbotic, and the company went public in 2022 ( NASDAQ:SYM ). Call it FOMO, but I think Symbotic Inc. has the potential of becoming a hypergrowth stock. I built my own fundamentals tracker to get a pulse on the tech company's vitals and, while it still is not a profitable company, it looks like it's in the early stages of becoming so. The fundamentals for Symbotic provide me the confidence to invest despite the presence of red flags which led me to performing a deep dive. My price target for Symbotic Inc. is $850 with a projected timeline before 2030. What I Don't Like SYM has lost nearly 60% in value since July 2023 from a high of $64.15 to its current share price of $26.87. If you look up Symbotic Inc. on a search engine then you will also see that there are numerous law firms attempting to build class action lawsuits. The headlines can't help but to sow distrust by utilizing strong statements such as "misleading investors" and "inflated revenue" within their subjects. Within the last few weeks Symbotic had to file a delayed annual report due to self-identified accounting errors within their balance sheets. Also, if you dig through their filings, you will find that Symbotic Inc. was born from a deal with SVF Investment Corp which, according to the filings, was headquartered in the Cayman Islands. I can only assume that the business dealings with SVF Investment Corp were to facilitate equity financing and an expedited public launch for SYM. From my findings, SoftBank Group Corp ( TSE:9984 ) is an investment conglomerate and the parent company to multiple subsidiaries. You guessed it, it is affiliated with SVF Investment Corp which functions as a "blank check company" for SoftBank. In my limited knowledge, this translates as a way for SoftBank to inject a substantial investment into the company that is now known as Symbotic Inc. No matter how savvy they may have been to launch Symbotic Inc., business deals that originate in the Cayman Islands typically raise one's eyebrows. What I Do Like Symbotic Inc. seems to have a pretty solid vision for global expansion and has attracted some significant institutional investors such as SoftBank, Vanguard, BlackRock, and Morgan Stanley to name a few. In fact, according to the NASDAQ site, 282 institutional investors hold 82% of Symbotic Inc.'s Class A Common Stock. Symbotic Inc. was founded by Richard "Rick" Cohen who currently serves as the CEO and is a legacy to the Cohen family who founded C&S Wholesale Grocers. Symbotic's technology is used by C&S Wholesale Grocers which is one of the largest privately held companies in the United States. Symbotic and SoftBank have partnered on a separate venture known as GreenBox which is meant to deliver automated warehouses made possible by Symbotic's hardware and software. According to the company's site, GreenBox is supplying warehouses as a service to consumers. With an increase in online shopping, I believe that Symbotic is both seeing and filling a need in an industry that its founder is very familiar with. I can also envision Symbotic spreading its reach internationally which helps fuel my massive price target. Megacap stocks need to have a global influence and extend across industries, which Symbotic appears to be preparing for. Fundamentals Right now, Symbotic Inc. is in its early stages and is bringing in a negative income which makes it a risky investment. However, the company's total revenue has increased by 200% from 2022-Q4 to 2024-Q4; the gross profit has also increased by 147% in the same timeframe. Symbotic's net income has revealed consistent losses since 2022, but the 2024 annual report had the smallest loss on record at a negative $84.7M which is a 39% improvement from 2022 and a 59% improvement from 2023. No matter which way you cut it, the company is still absorbing annual losses so it will be important to keep an eye on improvements and deficiencies to identify any consistent trends. NASDAQ:SYM has 585,963,959 total outstanding shares according to the 2024 Annual Report published at the beginning of December. This is a far cry from the 106M outstanding shares reported on some financial websites and even here on TradingView. From my findings, around 100M of Symbotic's shares are Class A Common Stocks and the remaining 485M are Class V Common Stocks. My focus is on the market capitalization which is a tool that I like to use when establishing long-term price targets. For Symbotic, which has the potential for global reach and use across multiple industries, I think it's reasonable to achieve a market capitalization of $500B. Price Target With the current number of outstanding shares at a market cap of $500B, this would place Symbotic's share price at $853. This type of growth would turn a $1,000 investment today into $31,710 at the projected target price; a whopping 3,000% return. HOWEVER, a lot has to happen to make this come to fruition. One thing I would like to see, in addition to profitability, is for Symbotic to begin buying back its own stock. It's become my investing philosophy that companies who believe they are undervalued will buyback their shares while companies that believe they are overvalued will issue new shares. Symbotic's total outstanding shares have increased by 5.8% since its annual report at the end of 2022. I think that my philosophy is best tailored to established companies so it is possible that Symbotic could be an exception. Because the company is so new, it may need to issue more shares to generate enough capital to stay afloat while its roots set.
NASDAQ:SYMLong
by Shepherd_Investor
2
SYM eyes on $29.64: Dancing on a High Wire or a Launch Pad?SYM made serious moves off the bottom. Currently dancing on a semi-major fib. This could be a good entry for next leg. Early going will be tough with clear hurdles. But we might be accumulating here to launch. Late longs here could have SL just below fib. $ 29.64 is the key level of interest here. $ 30.56 - 30.87 will be first resistance. $ 31.88 - 32.11 is a MAJOR resistance. Break of MAJOR resistance should run strong. ========================================
NASDAQ:SYM
by EuroMotif
Trade Review - SYMI plan to be more active and share my trades and insights regularly. Information I swing trade with focus on stock with short term momentum. My trades are identified through a two-step screening process. I use a passive screener outside of market hours to manually select stocks based on structure and position, to allow preparation and prevent too many options. At market open, I run an active screener to track for movement within the watchlist, as timing and momentum in selected stocks can be unpredictable. This allows me to be time efficient, I require no more than 20-30 minutes per open session. Identified through my passive screener outside of market hours, this stock showed an initial momentum move to the upside on the daily timeframe, followed by consolidation near the mean price - a setup conducive to continuation. I occasionally check a higher timeframe (weekly) for context; in this case, it made a overextension to the downside which could follow with a pullback toward the mean (or not). The aim here isn’t to predict but to take a bet / capitalize on potential imbalances when they appear. Thus it was added to the watchlist. At market open, this stock appeared on my active scanner, and when it reached 24.60, I entered as a clear range expansion was forming. I typically scale out at 1R and hold the remaining position for a measured move (projected from the prior momentum move). While the approach is straightforward, I occasionally adjust based on real-time conditions, as seen in this example. Execution details are shown below. Trade Overview • Structure: Bullish Continuation (Daily) and Bearish Pullback (Weekly) • Position: Near mean price (Daily) and extended from mean price (Weekly). • Entry Trigger: Range Expansion Entry Details • Entry Price: 24.60 • Stop Price: 22.07 • Target Price: 34.32 • Expected Risk/Reward: 3.84 R Exit Strategy • Exit Price: Closed 50% at 29.84 and 25% at 29.45. Performance Summary • Result: Price have moved 20.53% with a profit of 2R, trailing 25% with a near SL. I wrote a bit more than usual for this review since it's my first review post, but the real approach itself is quite simple. Future posts will be more concise.
NASDAQ:SYMLong
by StockLeave
Symbotic pumping (86%)#SYM bullish signs! Hot AI-stock to watch. In near future price could pull back a bit. =>this should be the right time to get into the market. The short-timeframe isnt clear enough for me to call out the specific ElliottWave structure yet (probaly forming a diagonal 1st wave). But im expecting price to dance around the blue-band. Then meet the the green-line and find shortterm resistance. When sustainably breaking out of the green-line, price could explode.
NASDAQ:SYMLong
by PF_Analysis
SYM to $89Overview Consumers of artificial intelligence have garnered my attention, specifically cybersecurity and robotics automation companies. This is a hopeful attempt to obtain early exposure to industries that may thrive during the era of artificial intelligence. Symbotic ( NASDAQ:SYM ) is one of the those companies. What does SYM do? Symbotic Inc. utilizes artificial intelligence and robotics to enhance warehouse production. How this translated to me is that they support online shopping (ex: Amazon) by generating environments that can keep up with the demand through the use of robotic automation and artificial intelligence. This could be used in just about every business venture as a growing company will face the challenges that come with maintaining a healthy supply chain. This is why I believe Symbotic has a bright future ahead. As of 24 July 2023, Symbotic and SoftBank ( TSE:9984 ) jointly founded GreenBox Systems LLC which aims to provide access to Symbotic's automations and software. The goal is to reduce inventory costs while simultaneously increasing capacity and management -- organization and collection. SoftBank has also vested in Symbotic with the purchase of 17.8M shares (worth $707,550,000 today) in addition to an unspecified amount of warrants covering 2% of outstanding shares. Warrants are similar to options except they are distributed to the holder directly by the underlying company. Key takeaway: SoftBank is significantly invested in the A.I. powered robotics company. 2025 Price Target Symbotic has been in a yearlong symmetrical triangle that appears ready for a breakout before the end of 2024. If a breakout does occur, I believe the share price will reach around $89 USD sometime in 2025. This price target was determined by utilizing uptrend Fibonacci retracement levels from the lowest and highest values of the current trading pattern. Short-Term Price Target A double bottom pattern appears to be forming which may see the share price diminish back to the $32-35 price range (yellow circle) in the near future. Should these price levels experience significant support, I believe the next area of significance will be the $41-42 price range (green circle). A breakout at this level may indicate a further rally.
NASDAQ:SYMLong
by Shepherd_Investor
2
7/29/24 - $sym - Want to own, tough timing into print7/29/24 :: VROCKSTAR :: NASDAQ:SYM Want to own, tough timing into print - pretty cool concept, if you're unfamiliar, create robots/ automation for supply chain - super shorted - growing like a weed - not amazing gross margins, but should scale in time. not burning but a lot of it stock comp - so call me neutral to meh/ "okay" with it bc it grows so quickly - so these people are clearly doing something right - complicated relationship w/ softbank (no comment on softbank "publically" - read between the lines) - not cheap, they'll trade at 40x on '25 EPS - which if you're a fund manager today is how you'd ""pitch"" it - note the double quotation marks - but realistically in the immediate term, the gross profit isn't obviously scaling more than the opex from the last two prints. could change this print, but it's nothing i'd want to extrapolate in this market with an uber shorted stock. - absolute valuation of $3 bn (ex. the cash) is in a good zone. so i'd not want to short it either (RIP to you guys I think in the MT/LT context) - TL;DR it's just too confusing for a fed week with valuation where it's at, a SPAC too that's actually doing okay just raises an eyebrow no less, and a chart that looks a bit stuck. i'd expect some volatility here. probably a massive move one way or another. but i don't like my odds so i'll be on the sidelines. would LOVE to own it on a dip buy, though. so that's how i'll be playing the results. gl fam, lmk if u have a more nuanced POV and have a good wk, stay solvent V
NASDAQ:SYM
by VROCKSTAR
8
Symbotic, Inc. Class A. IndustrialKey arguments in support of the idea. • The Company’s services will be more demanded over time. • Comparative valuations imply growth potential. • Technical analysis. Investment Thesis Symbotic Inc. (SYM) is an automation technology company, providing robotics and technologies to improve the efficiency of retail and wholesale stores in the US. The Company offers its comprehensive warehouse automation system (Symbotic) for product distribution; besides, it develops, builds and installs modular inventory management systems, and performs firmware configuration. The Company has a strong customer base, including the world’s largest retail and wholesale companies, such as Walmart, Albertsons, AFS, C&S Wholesale Grocers, Giant Tiger, GreenBox, Target and UNFI, which means that its solutions are becoming more popular among companies engaged in sales of everyday (and other) goods. Although Walmart is the Company’s main customer (about 88% of the order book), which poses a risk of counterparty concentration, Symbotic has a clear plan for automating its outlets and warehouses. By the end of FY 2026, according to the Company, about 65% of stores will be automated, approximately 55% of the volume of order processing centers will pass through automated facilities, and average unit costs may be reduced by about 20%. For the retail giant, it will be vital to make this plan a reality, since its operating profitability has tended to decrease over the past 10 years, and the increased shoplifting only exacerbates the problem. Moreover, Greenbox, the joint venture between Symbotic and Softbank, aims at implementing the WaaS strategy (Warehouse as a service, or “subscription warehouse”). The Company says that the geography of this solution is quite extensive: TAM (total addressable market) can exceed $500 billion. GreenBox has recently signed a contract with the first client, C&S, therefore, Symbotic will begin to recognize the first revenue from the joint venture in FY24Q3. The scaling of operations is supposed to begin in full swing from 2026. The main part of Symbotic’s contracts involves compensation for expenses incurred in excess of those stipulated in the contract. Thus, the Company can maintain its gross margin, and achieve profitability by increasing the scale of sales and optimizing SG&A expenses: the share of quarterly administrative expenses in revenue has decreased from 47% to 22% over the past two years. Besides, revenue is growing at a high double-digit rate (more than 50%): FY24 estimates imply similar growth. Although most of this kind of business is made within conglomerates, such as Honeywell or Toshiba, there is a similar public company on the European market – AutoStore Holdings Ltd. (AUTO-NO). However, the SYM forward EV/EBITDA (10.6x) looks a bit more attractive than that of its competitor (12.3x). Recently, the stock price, reaching oversold, has made a reversal from the horizontal support level, and further momentum may continue due to positive expectations from the report. We expect SYM stock to grow more than 20% to $45 over the next two months. A stop loss order is recommended at $29.4.
NASDAQ:SYMLong
by FreedomHolding