NEW YORK, NY – October 26, 2023 – Symbiotic, Inc. is the current YTD leader in the PRISM Emerging NextGen Tech Index. The company has seen a ~220% increase this year and is trading at approximately $37 per share. This price falls between its 52-week range of $8.75 – $64.14 which may indicate the increased potential for it to grow its YTD return over time. Additionally, the company touts a $21.1Bn market cap and a 3-month average trading volume of ~1.0M shares.
Symbiotic stands out as a trailblazer in the technological arena. Specializing in cutting-edge solutions at the intersection of AI, data science and software engineering, Symbiotic is changing the way consumer goods move through the supply chain. With proficiency in machine learning, natural language processing, computer vision, and data analytics, the company offers tailored solutions to a broad spectrum of industries.
This innovative approach to warehouse automation, designed to enhance efficiency, speed, and flexibility, has recently caught the attention of prominent players in the industry. The company joined forces with investment powerhouse Softbank and the world’s largest retail chain, Walmart. Other major retailers, including Target and Albertsons, have also taken note of Symbiotic’s capabilities. Should these partnerships prove to be successful, it could pave the way for the NextGen Tech leader to secure more business opportunities and expand its network of partners in search of better supply chain solutions.
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