Where Will Symbotic Stock Be in 1 Year? | Symbotic Stock Prediction | SYM Stock Analysis
Where Will Symbotic Stock Be in 1 Year? | Symbotic Stock Prediction | SYM Stock Analysis
Does Symbotic have 100% upside? Someone seems to think so…
Someone is willing to buy over $12 million worth of Symbotic shares:
A call option recently came across my radar where a player purchased 1,500 call options on SYM 0.00%↑ with an $85 strike price expiring 1-16-26. In English, that means someone is willing to purchase 150,000 shares of Symbotic at a price of $85 per share, double the current price, for a cost of over $12 million. The call options, or the right to buy shares, were purchased for around $1.5 million.
It seems someone is betting on major upside in the next 2 years. The 1,500 contracts are part of a total of 2,065 open contracts you can see in the open interest below in the bottom row.
Symbotic is right at the intersection of AI and robotics. It’s poised to benefit greatly from a shifting retail and distribution landscape as everyone attempts to keep up with Amazon.
Symbotic has a noteworthy list of customers including Walmart and Target and the Greenbox Joint Venture with SoftBank has tremendous potential to open up their market to smaller players.
This is definitely a long term investment as the company will benefit from continuing to drive down warehouse system completion times and the accompanying cost savings. Simultaneously their recurring subscription revenues continue to increase and this will all contribute to higher profit margins.
Let’s look at recent news and some technical analysis.
Symbotic was recently named by Fast Company magazine as one of the world’s most innovative companies. Symbotic ranked #34 on a list that included Nvidia at #1
Symbotic stock had a big down day today dropping 5% to just over $45. I’m not too concerned, this has been a low volume week with the holidays so there’s nothing to read into, the stock was up big at the beginning of the week, over $50 at one point.
Every time it has dropped below that black line in the chart below, the 200 Day Moving Average (DMA), it has marked the bottom and bounced back to highs quickly. That is where I would look to buy more personally.
That’s all for today, slow week in the markets with the stock market closed for Good Friday. Happy Easter to all those who celebrate! See you next week.
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