Is SYM a good stock to buy?
We came across a bearish thesis on Symbotic Inc. on The Mispricing Desk’s Substack
In this article, we will summarize the bears’ thesis on SYM. Symbotic Inc.’s share was trading at $44.33 as of June 8th. SYM’s forward P/E was 92.59 according to Yahoo Finance. nd3000/ Symbotic Inc., an automation technology company, develops technologies to enhance operating efficiencies in modern warehouses.
SYM is a warehouse automation company with a large contracted backlog but rising scrutiny on valuation and execution following fiscal Q2 results. It reported Q2 revenue of $676.5 million, up 23% year over year, with $77.8 million adjusted EBITDA and $9.4 million net income, alongside about $2.0 billion in cash and restricted cash. 15 AI Stocks That Are Quietly Making Investors Rich Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential Management guided Q3 revenue of $700 million to $720 million and adjusted EBITDA of $80 million to $85 million. Contracted backlog of approximately $22.7 billion anchors the bull case but also highlights the central bearish issue that backlog does not eliminate execution risk.