Positive Sentiment Still Eludes Symbotic Inc. (NASDAQ:SYM) Following 28% Share Price Slump
Symbotic Inc. (NASDAQ:SYM) shareholders won’t be pleased to see that the share price has had a very rough month, dropping 28% and undoing the prior period’s positive performance. Instead of being rewarded, shareholders who have already held through the last twelve months are now sitting on a 48% share price drop.
Even after such a large drop in price, there still wouldn’t be many who think Symbotic’s price-to-sales (or “P/S”) ratio of 1.2x is worth a mention when the median P/S in the United States’ Machinery industry is similar at about 1.5x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
See our latest analysis for Symbotic
