The stock of Sweetgreen Inc (NYSE: SG) has increased by 1.63 when compared to last closing price of 36.77.Despite this, the company has seen a gain of 6.74% in its stock price over the last five trading days. fool.com reported 2024-08-18 that A string of better-than-expected financial results has catapulted this stock in 2024. It’s hard to tell when this business will begin posting positive earnings.
Is It Worth Investing in Sweetgreen Inc (NYSE: SG) Right Now?
The 36-month beta value for SG is also noteworthy at 2.30. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SG is 90.58M, and at present, short sellers hold a 12.47% of that float. The average trading volume of SG on August 19, 2024 was 3.03M shares.
SG’s Market Performance
The stock of Sweetgreen Inc (SG) has seen a 6.74% increase in the past week, with a 56.56% rise in the past month, and a 17.59% gain in the past quarter. The volatility ratio for the week is 6.20%, and the volatility levels for the past 30 days are at 6.16% for SG. The simple moving average for the last 20 days is 33.06% for SG’s stock, with a simple moving average of 88.77% 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 30.27% 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 able to rebound, for now settling with 1.11% of gains for the given period.
Volatility was left at 6.16%, however, over the last 30 days, the volatility rate increased by 6.20%, as shares surge +54.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.83% upper at present.
During the last 5 trading sessions, SG rose by +6.74%, which changed the moving average for the period of 200-days by +249.25% in comparison to the 20-day moving average, which settled at $28.74. In addition, Sweetgreen Inc saw 230.71% 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 Mitch Reback, who proposed sale 9,156 shares at the price of $36.31 back on Aug 16 ’24. After this action, Mitch Reback now owns shares of Sweetgreen Inc, valued at $332,454 using the latest closing price.
Adrienne Gemperle, the Officer of Sweetgreen Inc, proposed sale 3,868 shares at $36.31 during a trade that took place back on Aug 16 ’24, which means that Adrienne Gemperle is holding shares at $140,448 based on the most recent closing price.
Stock Fundamentals for SG
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.11 for the gross margin
The net margin for Sweetgreen Inc stands at -0.14. The total capital return value is set at -0.12. Equity return is now at value -18.95, with -10.65 for asset returns.
Based on Sweetgreen Inc (SG), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is -303.62.
Currently, EBITDA for the company is -44.84 million with net debt to EBITDA at -2.72. When we switch over and look at the enterprise to sales, we see a ratio of 6.63. The receivables turnover for the company is 99.93for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.72.
Conclusion
In summary, Sweetgreen Inc (SG) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
