Symbotic Inc. (SYM) shares are experiencing a decline today, primarily due to a negative outlook issued by William Blair. On December 5th, the research firm cut its earnings estimates for Symbotic's Q2 2025, projecting the company will earn $0.00 per share. This revision has likely contributed to investor concerns about the company's future profitability and financial health. Additionally, the ongoing legal challenges facing Symbotic, including multiple class action lawsuits related to alleged misleading financial practices, continue to weigh on investor sentiment. These lawsuits stem from accusations of improper revenue recognition and internal control weaknesses, which have already led to a significant drop in the stock price in late November.
The current price of Symbotic Inc. is $27.62, reflecting a decrease of 1.04% from the previous close of $27.91 and a 2.33% drop from the opening price of $28.28.