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SYM to $89Overview Consumers of artificial intelligence have garnered my attention, specifically cybersecurity and robotics automation companies. This is a hopeful attempt to obtain early exposure to industries that may thrive during the era of artificial intelligence. Symbotic ( NASDAQ:SYM ) is one of the those companies. What does SYM do? Symbotic Inc. utilizes artificial intelligence and robotics to enhance warehouse production. How this translated to me is that they support online shopping (ex: Amazon) by generating environments that can keep up with the demand through the use of robotic automation and artificial intelligence. This could be used in just about every business venture as a growing company will face the challenges that come with maintaining a healthy supply chain. This is why I believe Symbotic has a bright future ahead. As of 24 July 2023, Symbotic and SoftBank ( TSE:9984 ) jointly founded GreenBox Systems LLC which aims to provide access to Symbotic's automations and software. The goal is to reduce inventory costs while simultaneously increasing capacity and management -- organization and collection. SoftBank has also vested in Symbotic with the purchase of 17.8M shares (worth $707,550,000 today) in addition to an unspecified amount of warrants covering 2% of outstanding shares. Warrants are similar to options except they are distributed to the holder directly by the underlying company. Key takeaway: SoftBank is significantly invested in the A.I. powered robotics company. 2025 Price Target Symbotic has been in a yearlong symmetrical triangle that appears ready for a breakout before the end of 2024. If a breakout does occur, I believe the share price will reach around $89 USD sometime in 2025. This price target was determined by utilizing uptrend Fibonacci retracement levels from the lowest and highest values of the current trading pattern. Short-Term Price Target A double bottom pattern appears to be forming which may see the share price diminish back to the $32-35 price range (yellow circle) in the near future. Should these price levels experience significant support, I believe the next area of significance will be the $41-42 price range (green circle). A breakout at this level may indicate a further rally.
NASDAQ:SYMLong
by Shepherd_Investor
2
Knightscope $KSCP: Innovating Security with Autonomous Solutions Knightscope (NASDAQ: NASDAQ:KSCP ) has emerged as a key player, focusing on autonomous security robots and blue light emergency communication systems. The recent announcement of three new orders for its emergency communication devices marks a significant milestone for the company, shedding light on the growing demand for innovative security solutions. The Orders: Knightscope revealed three new orders for its cutting-edge emergency communication devices: 1. A Texas-based university has ordered a K1 Blue Light Tower. 2. A New Jersey municipality is set to receive a K1 Blue Light Tower. 3. A Virginia country club has opted for a K1 Call Box along with the Knightscope Emergency Management System (KEMS) software. Emergency Communication Solutions: Knightscope's Blue Light Towers and Call Boxes play a crucial role in providing students, citizens, and visitors with easily accessible and highly visible points for one-touch communication with emergency services. These solutions become invaluable when conventional communication methods such as cell phones are unreliable, ensuring that emergency services can be quickly dispatched to the exact location of the device in use. Market Response: The announcement triggered a notable positive response in the market, with NASDAQ:KSCP stock experiencing a 6% increase. While this boost in credibility is encouraging, it's important to acknowledge that Knightscope remains a high-risk investment, as highlighted by the stock's history of volatility. Core Offering and Utilitarian Value: Knightscope's core offering, the autonomous security robots, presents a unique blend of utilitarian and safety value. These robots can be deployed to assess dangerous situations, ranging from overseeing fires to inspecting suspicious packages, providing real-time intelligence on dynamic threats. Importantly, the lack of anthropomorphic features in Knightscope's robots minimizes social friction, as users are more likely to interact neutrally with non-humanoid devices. Conclusion: Knightscope's recent success in securing new orders underscores the company's relevance in the security technology sector. The innovative approach of deploying autonomous security robots and advanced emergency communication solutions positions Knightscope as a key player in addressing contemporary security challenges.
NASDAQ:KSCPLong
by DEXWireNews