In the past week, SG stock has gone up by 3.47%, with a monthly decline of -7.48% and a quarterly surge of 113.11%. The volatility ratio for the week is 8.27%, and the volatility levels for the last 30 days are 7.35% for Sweetgreen Inc. The simple moving average for the past 20 days is 5.43% for SG’s stock, with a 64.75% simple moving average for the past 200 days.
Is It Worth Investing in Sweetgreen Inc (NYSE: SG) Right Now?
Moreover, the 36-month beta value for SG is 2.21. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SG is 96.62M and currently, short sellers hold a 11.56% of that float. On May 08, 2024, SG’s average trading volume was 2.58M shares.
SG) stock’s latest price update
Sweetgreen Inc (NYSE: SG)’s stock price has soared by 2.24 in relation to previous closing price of 22.74. Nevertheless, the company has seen a gain of 3.47% in its stock price over the last five trading days. The Motley Fool reported 2024-04-22 that Some restaurant stocks like Chipotle have delivered monster returns to early investors. Cava Group is growing rapidly and has a number of similarities to Chipotle.
Analysts’ Opinion of SG
Many brokerage firms have already submitted their reports for SG stocks, with Oppenheimer repeating the rating for SG by listing it as a “Outperform.” The predicted price for SG in the upcoming period, according to Oppenheimer is $34 based on the research report published on April 01, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see SG reach a price target of $10, previously predicting the price at $14. The rating they have provided for SG stocks is “Underweight” according to the report published on January 16th, 2024.
Piper Sandler gave a rating of “Overweight” to SG, setting the target price at $19 in the report published on July 31st of the previous year.
SG Trading at 8.63% 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 -12.10% of loss for the given period.
Volatility was left at 7.35%, however, over the last 30 days, the volatility rate increased by 8.27%, as shares surge +1.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +107.03% upper at present.
During the last 5 trading sessions, SG rose by +3.47%, which changed the moving average for the period of 200-days by +52.16% in comparison to the 20-day moving average, which settled at $22.07. In addition, Sweetgreen Inc saw 105.75% 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 Reback Mitch, who sale 29,475 shares at the price of $21.01 back on Mar 12 ’24. After this action, Reback Mitch now owns 405,584 shares of Sweetgreen Inc, valued at $619,270 using the latest closing price.
Neman Jonathan, the CHIEF EXECUTIVE OFFICER of Sweetgreen Inc, sale 58,067 shares at $16.36 during a trade that took place back on Mar 01 ’24, which means that Neman Jonathan is holding 0 shares at $950,120 based on the most recent closing price.
Stock Fundamentals for SG
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.15 for the gross margin
The net margin for Sweetgreen Inc stands at -0.19. The total capital return value is set at -0.15. Equity return is now at value -22.15, with -12.12 for asset returns.
Based on Sweetgreen Inc (SG), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is -930.63.
Currently, EBITDA for the company is -44.84 million with net debt to EBITDA at -1.02. When we switch over and look at the enterprise to sales, we see a ratio of 4.59. The receivables turnover for the company is 166.77for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.01.
Conclusion
To wrap up, the performance of Sweetgreen Inc (SG) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
