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Sweetgreen Inc. (SG) Stock: Evaluating the Market Performance

The average price recommended by analysts for Sweetgreen Inc. (SG) is $11.57, which is $4.07 above the current market price. The public float for SG is 94.86M and currently, short sellers hold a 10.20% of that float. On March 16, 2023, SG’s average trading volume was 1.61M shares.

SG) stock’s latest price update

Sweetgreen Inc. (NYSE: SG)’s stock price has increased by 3.86 compared to its previous closing price of 6.99. Despite this, the company has seen a loss of -9.36% in its stock price over the last five trading days.

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SG’s Market Performance

Sweetgreen Inc. (SG) has seen a -9.36% fall in stock performance for the week, with a -23.17% decline in the past month and a -33.03% plunge in the past quarter. The volatility ratio for the week is 9.55%, and the volatility levels for the past 30 days are at 8.65% for SG. The simple moving average for the last 20 days is -15.94% for SG stock, with a simple moving average of -48.45% 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 -21.77% 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 -81.90% of loss for the given period.

Volatility was left at 8.65%, however, over the last 30 days, the volatility rate increased by 9.55%, as shares sank -23.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.29% lower at present.

During the last 5 trading sessions, SG fell by -9.36%, which changed the moving average for the period of 200-days by -61.57% in comparison to the 20-day moving average, which settled at $8.52. In addition, Sweetgreen Inc. saw -15.29% 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

Equity return is now at value -32.20, with -24.80 for asset returns.


To wrap up, the performance of Sweetgreen Inc. (SG) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.