After hitting a 52-week low of $16.32 per share on April 4, Symbotic (NASDAQ: SYM) stock bounced back and hit a weekly intraday high of 16.1% through 10:30 a.m. ET Friday, according to data provided by S&P Global Market Intelligence.
Turns out, investors lapped up the opportunity to buy shares in the artificial intelligence (AI) automation company amid the stock market rout.
Why Symbotic stock crashed in recent months
Symbotic develops fully autonomous mobile robots controlled by AI-enabled software to automate warehouses, distribution centers, and supply chains.
Earlier this year, Symbotic acquired Walmart's advanced systems and robotics business and struck a deal with the retail giant to develop and deploy automation systems for 400 accelerated pickup and delivery centers at Walmart stores over the next few years.
Walmart paid $230 million at the deal's closing and will pay another $290 million to Symbotic. Symbotic believes the deal could add $5 billion to its backlog in the long term and open up a new market with an addressable size of over $300 billion in the U.S. alone.
Symbotic stock surged after the Walmart deal but gave up its gains soon after as its operational performance left investors asking for more.
Is this a golden opportunity to buy Symbotic stock?
After growing its revenue by 47% year over year in the fourth quarter, Symbotic reported only 35% revenue growth for its fiscal 2025 first quarter, ended Dec. 31, 2024. Its net loss remained steady, too, at $19 million, and it guided for only around 30% revenue growth for Q2.
However, with Symbotic stock hitting a 52-week low and still down a whopping 55% in one year as of this writing, smart investors saw an opportunity to buy the stock this week.
Symbotic's long-term relationship with Walmart, which dates back to 2015, and a backlog of $22.4 billion as of Sept. 30, 2024, makes it an intriguing AI and robotics play for the long term. There could be bumps along the way though, especially amid the ongoing tariffs and trade war that could disrupt supply chains, increase costs, and slow down business. Symbotic sources raw materials from across the world, including China, Germany, Italy, Sweden, and Mexico.
Should you invest $1,000 in Symbotic right now?
Before you buy stock in Symbotic, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Symbotic wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $496,779!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $659,306!*
Now, it’s worth noting Stock Advisor’s total average return is 787% — a market-crushing outperformance compared to 152% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
See the 10 stocks »
*Stock Advisor returns as of April 10, 2025
Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Symbotic and Walmart. The Motley Fool has a disclosure policy.
