Symbotic Inc.
SYM
SYM Fair Price
My Notes
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🚨 Dramatic drop in Symbotic shares!
On Wednesday, shares of Symbotic $SYM, a company that makes artificial intelligence robots for warehouse automation, plunged by 36 %. Today, however, they're gaining more than 12 %! The main reason for the drop was newly revealed accounting errors that cast doubt on its financial results for fiscal year 2024.
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Symbotic Inc.: Warehouse Automation as an Investment Opportunity
Symbotic Inc. $SYM is a company focused on developing automated robots for pallet and case handling in warehouses. The investment in one module of the company, comprising robots and software.
Financial Performance and Growth
Rapid Revenue Growth: $SYM's revenue grew 136% in 2022 and 98% in 2023 to $1.18 billion....
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It's too early for me here. Even so, it may not be bad in the long run. Personally, I would just wait a while.
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I'm not familiar with the company, but it looks interesting and thanks for the tip. From what I read, the company's stock has only recently gone public, so I personally would be afraid to start investing in this company yet.
This is a business that has a hell of a lot of potential, but this company didn't impress me much.