Sweetgreen Inc. (NYSE: SG)’s stock price has increased by 0.29 compared to its previous closing price of 6.97. however, the company has experienced a -14.86% decrease in its stock price over the last five trading days. The Wall Street Journal reported on 03/06/23 that Salad Chain That Thought It Was a Tech Firm Looks Wilted
Is It Worth Investing in Sweetgreen Inc. (NYSE: SG) Right Now?
Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The average price predicted for Sweetgreen Inc. (SG) by analysts is $11.57, which is $4.34 above the current market price. The public float for SG is 94.86M, and at present, short sellers hold a 10.20% of that float. On March 15, 2023, the average trading volume of SG was 1.60M shares.
SG’s Market Performance
The stock of Sweetgreen Inc. (SG) has seen a -14.86% decrease in the past week, with a -26.42% drop in the past month, and a -33.81% fall in the past quarter. The volatility ratio for the week is 8.45%, and the volatility levels for the past 30 days are at 8.37% for SG. The simple moving average for the last 20 days is -20.20% for SG stock, with a simple moving average of -50.59% for the last 200 days.
Analysts’ Opinion of SG
Many brokerage firms have already submitted their reports for SG stocks, with Cowen repeating the rating for SG by listing it as a “Market Perform.” The predicted price for SG in the upcoming period, according to Cowen is $12 based on the research report published on February 07th of the current year 2023.
Morgan Stanley, on the other hand, stated in their research note that they expect to see SG reach a price target of $11, previously predicting the price at $21. The rating they have provided for SG stocks is “Equal-Weight” according to the report published on January 17th, 2023.
BofA Securities gave a rating of “Neutral” to SG, setting the target price at $15 in the report published on June 27th of the previous year.
SG Trading at -24.91% 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 -82.57% of loss for the given period.
Volatility was left at 8.37%, however, over the last 30 days, the volatility rate increased by 8.45%, as shares sank -26.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.28% lower at present.
During the last 5 trading sessions, SG fell by -14.86%, which changed the moving average for the period of 200-days by -64.46% in comparison to the 20-day moving average, which settled at $8.64. In addition, Sweetgreen Inc. saw -18.44% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SG starting from Jammet Nicolas, who sale 195,745 shares at the price of $7.45 back on Mar 09. After this action, Jammet Nicolas now owns 0 shares of Sweetgreen Inc., valued at $1,458,300 using the latest closing price.
Gemperle Adrienne, the Chief People Officer of Sweetgreen Inc., sale 5,399 shares at $9.14 during a trade that took place back on Feb 17, which means that Gemperle Adrienne is holding 144,375 shares at $49,347 based on the most recent closing price.
Stock Fundamentals for SG
Current profitability levels for the company are sitting at:
- -35.00 for the present operating margin
- +4.85 for the gross margin
The net margin for Sweetgreen Inc. stands at -40.51. Equity return is now at value -32.20, with -24.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 4.77.
Conclusion
To sum up, Sweetgreen Inc. (SG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
