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Sweetgreen Inc. (SG) Reveals an Earnings Mystery

Sweetgreen Inc. (NYSE:SG) went down by -2.54% from its latest closing price compared to the recent 1-year high of $40.10. The company’s stock price has collected -5.14% of loss in the last five trading sessions. The Wall Street Journal reported on 08/09/22 that Sweetgreen Lowers Outlook, Cuts Some Jobs

Is It Worth Investing in Sweetgreen Inc. (NYSE :SG) Right Now?

Opinions of the stock are interesting as 6 analysts out of 9 who provided ratings for Sweetgreen Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $16.38, which is $7.64 above the current price. SG currently public float of 94.59M and currently shorts hold a 12.78% ratio of that float. Today, the average trading volume of SG was 1.64M shares.

SG’s Market Performance

SG stocks went down by -5.14% for the week, with a monthly drop of -3.05% and a quarterly performance of -49.23%, while its annual performance rate touched -63.13%. The volatility ratio for the week stands at 6.20% while the volatility levels for the past 30 days are set at 6.10% for Sweetgreen Inc. The simple moving average for the period of the last 20 days is 2.56% for SG stocks with a simple moving average of -45.69% for the last 200 days.

Analysts’ Opinion of SG

Many brokerage firms have already submitted their reports for SG stocks, with Morgan Stanley repeating the rating for SG by listing it as a “Equal-Weight.” The predicted price for SG in the upcoming period, according to Morgan Stanley is $11 based on the research report published on January 17th of the current year 2023.

BofA Securities, on the other hand, stated in their research note that they expect to see SG reach a price target of $15. The rating they have provided for SG stocks is “Neutral” according to the report published on June 27th, 2022.

Cowen gave a rating of “Outperform” to SG, setting the target price at $22 in the report published on June 15th of the previous year.

SG Trading at -18.73% from the 50-Day Moving Average

After a stumble in the market that brought SG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.01% of loss for the given period.

Volatility was left at 6.10%, however, over the last 30 days, the volatility rate increased by 6.20%, as shares sank -2.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.30% lower at present.

During the last 5 trading sessions, SG fell by -5.14%, which changed the moving average for the period of 200-days by -72.48% in comparison to the 20-day moving average, which settled at $8.98. In addition, Sweetgreen Inc. saw 7.58% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SG starting from McPhail James, who sale 6,174 shares at the price of $13.50 back on Nov 17. After this action, McPhail James now owns 150,500 shares of Sweetgreen Inc., valued at $83,343 using the latest closing price.

Carr Chris, the Chief Operating Officer of Sweetgreen Inc., sale 7,478 shares at $13.50 during a trade that took place back on Nov 17, which means that Carr Chris is holding 158,420 shares at $100,927 based on the most recent closing price.

Stock Fundamentals for SG

Current profitability levels for the company are sitting at:

  • -35.36 for the present operating margin
  • +1.43 for the gross margin

The net margin for Sweetgreen Inc. stands at -45.07. Equity return is now at value -32.80, with -27.70 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 10.66.