Cava Group Inc (NYSE: CAVA)’s stock price has gone rise by 5.03 in comparison to its previous close of 126.00, however, the company has experienced a 8.09% increase in its stock price over the last five trading days. invezz.com reported 2024-10-06 that CAVA Group (CAVA) stock price is firing on all cylinders, making it one of the best-performing companies in the US. It has jumped by over 194% this year, beating Nvidia and MicroStrategy, which have risen by 152% and 180% this year.
Is It Worth Investing in Cava Group Inc (NYSE: CAVA) Right Now?
The price-to-earnings ratio for Cava Group Inc (NYSE: CAVA) is 363.87x, which is above its average ratio. Moreover, the 36-month beta value for CAVA is 3.34. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 6 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for CAVA is 96.07M and currently, short sellers hold a 11.90% of that float. On October 08, 2024, CAVA’s average trading volume was 3.18M shares.
CAVA’s Market Performance
CAVA stock saw an increase of 8.09% in the past week, with a monthly gain of 10.20% and a quarterly increase of 55.15%. The volatility ratio for the week is 2.97%, and the volatility levels for the last 30 days are 3.33% for Cava Group Inc (CAVA). The simple moving average for the last 20 days is 5.65% for CAVA’s stock, with a simple moving average of 69.08% for the last 200 days.
Analysts’ Opinion of CAVA
Many brokerage firms have already submitted their reports for CAVA stocks, with UBS repeating the rating for CAVA by listing it as a “Neutral.” The predicted price for CAVA in the upcoming period, according to UBS is $135 based on the research report published on September 27, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see CAVA reach a price target of $110, previously predicting the price at $90. The rating they have provided for CAVA stocks is “Equal-Weight” according to the report published on August 29th, 2024.
Citigroup gave a rating of “Neutral” to CAVA, setting the target price at $115 in the report published on August 23rd of the current year.
CAVA Trading at 19.36% from the 50-Day Moving Average
After a stumble in the market that brought CAVA to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.39% of gains for the given period.
Volatility was left at 3.33%, however, over the last 30 days, the volatility rate increased by 2.97%, as shares surge +9.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +59.26% upper at present.
During the last 5 trading sessions, CAVA rose by +7.28%, which changed the moving average for the period of 200-days by +219.57% in comparison to the 20-day moving average, which settled at $125.22. In addition, Cava Group Inc saw 207.91% 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 CAVA starting from WHITE JAMES D, who sale 1,000 shares at the price of $122.45 back on Sep 16 ’24. After this action, WHITE JAMES D now owns 3,807 shares of Cava Group Inc, valued at $122,450 using the latest closing price.
JAMES WHITE, the Director of Cava Group Inc, proposed sale 1,000 shares at $122.45 during a trade that took place back on Sep 16 ’24, which means that JAMES WHITE is holding shares at $122,449 based on the most recent closing price.
Stock Fundamentals for CAVA
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.19 for the gross margin
The net margin for Cava Group Inc stands at 0.05. The total capital return value is set at 0.05. Equity return is now at value 7.40, with 4.24 for asset returns.
Based on Cava Group Inc (CAVA), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38.
Currently, EBITDA for the company is 78.86 million with net debt to EBITDA at 0.15. When we switch over and look at the enterprise to sales, we see a ratio of 17.95. The receivables turnover for the company is 60.86for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.99.
Conclusion
To wrap up, the performance of Cava Group Inc (CAVA) 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.
