Alternative Data Platform Predicts Robotics Stocks Most Likely to Outperform the Market; Symbiotic, iRobot, and Trimble Top Three

January 2, 8:42 am

As one of the largest markets in the technology space, the robotic industry drew a lot of attention from investors and traders looking to expand their portfolios with stocks leading the automation revolution. Although this sector is home to several prominent players, each having its unique standing in the market, some robotics stocks still have more potential to outperform the market than others.

According to data from AltIndex.com, Symbiotic, iRobot, and Trimble are the top three stocks by AI score and have the highest potential to outperform the market in the next six months.

Symbiotic Has the Third-Highest AI Score of All Tracked Companies

The robotics industry is home to companies shaping the future. Intuitive Surgical, ABB, and iRobot are some of the biggest players in this market, and their innovation and diverse applications bring huge investment opportunities. But when it comes to robotics stock with the highest AI score, three names stand out.

According to the alternative data platform AltIndex, which analyzes millions of data signals from thousands of publicly traded companies to forecast future price movements and overall company performance, Symbiotic is the top robotics stock by AI score.

Last week, Symbiotic hit an AI score of 78, more than any other company in this market, meaning it's most likely to outperform the market in the next six months. Moreover, statistics show the US producer of automated warehouse systems has the third-highest AI score of all publicly listed companies AltIndex analyzes. Novo Nordisk and Berkshire Hathaway are the only two companies ahead of Symbiotic, each having a point higher AI score.

Symbiotic stock price has surged by more than 350% in the past year, rising from $12.20 to $54.1. The stock's sentiment or the general opinion for investing in it across top trading forums is also high. The company has a sentiment score of 88 out of 100 and more positive discussions in stock forums than most other companies in this industry.

iRobot ranked second among the robotics companies with an AI score of 62. Statistics show the AI score of the US consumer robot company, famously known for creating a floor-vacuuming robot, Roomba, increased by 20 points in the past year, while its stock price dropped by 23% in this period and now stands at $38,50.

Trimble rounds the top three names in the robotics market with an AI score of 61, increasing from the 53 points recorded in December last year. However, just like iRobot, Trimble has also seen its price drop by more than 20% in the past year, standing at $53.20 last week.

Two-thirds of Top Robotics Stocks Have a Sell Signal

Stocks with higher AI scores are assigned buy signals, while those with lower scores below 50 are designated sell signals. When it comes to the robotics stocks list, two-thirds of them, except the top three, have a sell signal. Cognex Corporation and Sarcos hold the bottom of the list, with the lowest AI scores of 33 and 32.

So far, AltIndex stock picks, or the list of the stocks to invest in based on their AI score, have shown high accuracy with a high success rate in predicting the stock market.

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