Symbiotic Stock Declines 42% in a Year: Should You Buy the Dip?

Symbiotic Inc. (SYM) shares have plunged 41.9% in a year against the 49.4% rally of its industry and the 16.5% rise in the Zacks S&P 500 Composite.One-Year Price Performance Image Source: Zacks Investment Research The stock is trading below its 50-day moving average, indicating bearish sentiment among investors.SYM’s performance underperforms its industry peers, Aurora Innovation, Inc. (AUR) and Allot Ltd. (ALLT) . AUR and ALLT shares have skyrocketed 175.6% and 172.9% in a year, respectively.Given the fall ...