SG has 36-month beta value of 2.33. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for SG is 92.42M, and currently, short sellers hold a 14.11% ratio of that float. The average trading volume of SG on September 04, 2024 was 3.18M shares.
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SG) stock’s latest price update
Sweetgreen Inc (NYSE: SG) has experienced a decline in its stock price by -7.40 compared to its previous closing price of 31.61. However, the company has seen a fall of -15.67% in its stock price over the last five trading days. fool.com reported 2024-08-30 that Earnings this week have pointed to a struggling consumer who may cut back on restaurant outings. Given Sweetgreen’s valuation, any weakness in the economy could devastate the stock.
SG’s Market Performance
Sweetgreen Inc (SG) has seen a -15.67% fall in stock performance for the week, with a 10.37% gain in the past month and a -5.03% plunge in the past quarter. The volatility ratio for the week is 5.44%, and the volatility levels for the past 30 days are at 6.86% for SG. The simple moving average for the last 20 days is -10.52% for SG’s stock, with a simple moving average of 38.47% 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 0.66% 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 -24.03% of loss for the given period.
Volatility was left at 6.86%, however, over the last 30 days, the volatility rate increased by 5.44%, as shares surge +19.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.55% upper at present.
During the last 5 trading sessions, SG fell by -15.67%, which changed the moving average for the period of 200-days by +183.62% in comparison to the 20-day moving average, which settled at $32.95. In addition, Sweetgreen Inc saw 159.03% 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 Jammet Nicolas, who sale 169,767 shares at the price of $35.77 back on Aug 26 ’24. After this action, Jammet Nicolas now owns 1,930,233 shares of Sweetgreen Inc, valued at $6,072,566 using the latest closing price.
Ru Nathaniel, the Chief Brand Officer of Sweetgreen Inc, sale 169,770 shares at $35.77 during a trade that took place back on Aug 26 ’24, which means that Ru Nathaniel is holding 1,952,129 shares at $6,072,673 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 5.25. 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
To put it simply, Sweetgreen Inc (SG) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
