I'm optimistic on SYM myself but haven't really added meaningfully once it went over $40. In 2021, the market was off the rails and Palantir traded at a P/S of around 35x at that time, and a P/B of 25x. I generally don't buy when P/S is over 10. Now compare that to SYM, which currently trades at a forward P/S of 3.1x, and FWD P/S of 2x and forecasted sales growth of 33%. They have a lot of projects in their backlog already, and I sleep well at night for the foreseeable future holding my current shares until I re-evaluate after profitability.
Great points but I don’t know that I’ve ever seen forward multiples end up being accurate haha too many variables. I do think their revenue growth will continue to decline and hurt the stock short term. That said I would definitely consider buying more lower
@@VinnyJoeShow I really like the concept and what the have to offer and they will get much better and even more profitable in due time. Robotics and automation technology is the future and this will help make supply chain operations more efficient and easier. I plan on waiting for a dip like you mentioned in the video before I invest.
Very helpful video. I’m a very happy pltr holder and currently also sym but feel concerned myself. But as soon as i sell it you better believe it will go to the moon lol 😂
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I'm optimistic on SYM myself but haven't really added meaningfully once it went over $40.
In 2021, the market was off the rails and Palantir traded at a P/S of around 35x at that time, and a P/B of 25x. I generally don't buy when P/S is over 10.
Now compare that to SYM, which currently trades at a forward P/S of 3.1x, and FWD P/S of 2x and forecasted sales growth of 33%. They have a lot of projects in their backlog already, and I sleep well at night for the foreseeable future holding my current shares until I re-evaluate after profitability.
Great points but I don’t know that I’ve ever seen forward multiples end up being accurate haha too many variables. I do think their revenue growth will continue to decline and hurt the stock short term. That said I would definitely consider buying more lower
Excellent video. I’ve been looking into this stock so this was a big help. Thanks
Thanks for watching! What do you think of the company?
@@VinnyJoeShow I really like the concept and what the have to offer and they will get much better and even more profitable in due time. Robotics and automation technology is the future and this will help make supply chain operations more efficient and easier. I plan on waiting for a dip like you mentioned in the video before I invest.
Very optimistic about this stock
It's looking good! Not hearing much about competition
$33 now. How low can it goes?
No news but lots of short interest
Very helpful video.
I’m a very happy pltr holder and currently also sym but feel concerned myself.
But as soon as i sell it you better believe it will go to the moon lol 😂
Thank you and I hear that haha I may end up trimming my position but leaving some alone because I will be more upset if I miss out on gains
My foreign language is poor. Can I buy this stock?
You'll have to check with your brokerage but you should be able to!
@@VinnyJoeShowhe’s talking about is sym a good investment
@@VinnyJoeShowwhat price do you think is good value and what do you estimate this stock price increase in future? Your thoughts