The stock price of Sweetgreen Inc (NYSE: SG) has surged by 7.39 when compared to previous closing price of 35.06, but the company has seen a 0.75% gain in its stock price over the last five trading sessions. fool.com reported 2024-08-25 that Thanks to new store openings, Sweetgreen’s revenue is surging. The company has a long way to go before it’s consistently profitable.
Is It Worth Investing in Sweetgreen Inc (NYSE: SG) Right Now?
Additionally, the 36-month beta value for SG is 2.32. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for SG is 91.86M and currently, short sellers hold a 12.30% ratio of that float. The average trading volume of SG on August 26, 2024 was 3.08M shares.
SG’s Market Performance
SG stock saw an increase of 0.75% in the past week, with a monthly gain of 54.30% and a quarterly increase of 21.69%. The volatility ratio for the week is 6.71%, and the volatility levels for the last 30 days are 6.69% for Sweetgreen Inc (SG). The simple moving average for the last 20 days is 22.84% for SG stock, with a simple moving average of 84.48% for the last 200 days.
Analysts’ Opinion of SG
Many brokerage firms have already submitted their reports for SG stocks, with Piper Sandler repeating the rating for SG by listing it as a “Neutral.” The predicted price for SG in the upcoming period, according to Piper Sandler is $39 based on the research report published on August 19, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see SG reach a price target of $31. The rating they have provided for SG stocks is “Buy” according to the report published on July 17th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to SG, setting the target price at $25 in the report published on July 16th of the current year.
SG Trading at 30.62% 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 -0.61% of loss for the given period.
Volatility was left at 6.69%, however, over the last 30 days, the volatility rate increased by 6.71%, as shares surge +46.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.03% upper at present.
During the last 5 trading sessions, SG rose by +0.75%, which changed the moving average for the period of 200-days by +270.57% in comparison to the 20-day moving average, which settled at $31.25. In addition, Sweetgreen Inc saw 233.19% 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 Ayele Wouleta, who sale 2,831 shares at the price of $36.31 back on Aug 16 ’24. After this action, Ayele Wouleta now owns 144,649 shares of Sweetgreen Inc, valued at $102,794 using the latest closing price.
Reback Mitch, the CHIEF FINANCIAL OFFICER of Sweetgreen Inc, sale 9,156 shares at $36.61 during a trade that took place back on Aug 16 ’24, which means that Reback Mitch is holding 379,181 shares at $335,201 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 6.72. 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 conclusion, Sweetgreen Inc (SG) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
