Sweetgreen Inc (NYSE: SG)’s stock price has gone rise by 2.92 in comparison to its previous close of 25.66, however, the company has experienced a 5.89% increase in its stock price over the last five trading days. fool.com reported 2024-07-28 that These businesses are on very different growth trajectories in opposite industries, but each can have something to offer the long-term investor. Vertex Pharmaceuticals is building out a pipeline of potential blockbusters that could rival its current portfolio.
Is It Worth Investing in Sweetgreen Inc (NYSE: SG) Right Now?
Moreover, the 36-month beta value for SG is 2.33. 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.”
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The public float for SG is 90.60M and currently, short sellers hold a 13.89% of that float. On July 30, 2024, SG’s average trading volume was 3.04M shares.
SG’s Market Performance
SG stock saw a decrease of 5.89% in the past week, with a monthly decline of -10.41% and a quarterly a decrease of 7.71%. The volatility ratio for the week is 4.95%, and the volatility levels for the last 30 days are 5.83% for Sweetgreen Inc (SG). The simple moving average for the last 20 days is 1.78% for SG’s stock, with a simple moving average of 42.78% for the last 200 days.
Analysts’ Opinion of SG
Many brokerage firms have already submitted their reports for SG stocks, with UBS repeating the rating for SG by listing it as a “Buy.” The predicted price for SG in the upcoming period, according to UBS is $31 based on the research report published on July 17, 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 $25. The rating they have provided for SG stocks is “Equal-Weight” according to the report published on July 16th, 2024.
Goldman gave a rating of “Buy” to SG, setting the target price at $39 in the report published on June 13th of the current year.
SG Trading at -9.62% 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 -28.08% of loss for the given period.
Volatility was left at 5.83%, however, over the last 30 days, the volatility rate increased by 4.95%, as shares sank -12.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.24% lower at present.
During the last 5 trading sessions, SG rose by +5.89%, which changed the moving average for the period of 200-days by +129.85% in comparison to the 20-day moving average, which settled at $25.76. In addition, Sweetgreen Inc saw 133.72% 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 Ru Nathaniel, who sale 150,000 shares at the price of $30.50 back on Jun 05 ’24. After this action, Ru Nathaniel now owns 2,121,899 shares of Sweetgreen Inc, valued at $4,575,000 using the latest closing price.
Jammet Nicolas, the Chief Concept Officer of Sweetgreen Inc, sale 150,000 shares at $30.50 during a trade that took place back on Jun 05 ’24, which means that Jammet Nicolas is holding 2,100,000 shares at $4,575,000 based on the most recent closing price.
Stock Fundamentals for SG
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.13 for the gross margin
The net margin for Sweetgreen Inc stands at -0.17. The total capital return value is set at -0.14. Equity return is now at value -21.31, with -12.17 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 0.11. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is -868.49.
Currently, EBITDA for the company is -44.84 million with net debt to EBITDA at -1.79. When we switch over and look at the enterprise to sales, we see a ratio of 4.95. The receivables turnover for the company is 110.35for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.02.
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’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.
