Market Might Still Lack Some Conviction On Symbotic Inc. (NASDAQ:SYM) Even After 34% Share Price Boost
Symbotic Inc. (NASDAQ:SYM) shareholders are no doubt pleased to see that the share price has bounced 34% in the last month, although it is still struggling to make up recently lost ground. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 47% in the last twelve months.
In spite of the firm bounce in price, there still wouldn’t be many who think Symbotic’s price-to-sales (or “P/S”) ratio of 1.3x is worth a mention when the median P/S in the United States’ Machinery industry is similar at about 1.6x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/S.
