Sweetgreen Inc (NYSE: SG)’s stock price has increased by 2.80 compared to its previous closing price of 38.05. However, the company has seen a 1.57% increase in its stock price over the last five trading sessions. zacks.com reported 2024-10-31 that Sweetgreen (SG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Sweetgreen Inc (NYSE: SG) Right Now?
The stock has a 36-month beta value of 2.33. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for SG is 92.77M, and at present, short sellers hold a 18.11% of that float. On November 05, 2024, the average trading volume of SG was 3.37M shares.
SG’s Market Performance
The stock of Sweetgreen Inc (SG) has seen a 1.57% increase in the past week, with a 12.24% rise in the past month, and a 51.49% gain in the past quarter. The volatility ratio for the week is 5.71%, and the volatility levels for the past 30 days are at 5.94% for SG. The simple moving average for the past 20 days is 4.45% for SG’s stock, with a 45.65% simple moving average for the past 200 days.
Analysts’ Opinion of SG
Many brokerage firms have already submitted their reports for SG stocks, with TD Cowen repeating the rating for SG by listing it as a “Buy.” The predicted price for SG in the upcoming period, according to TD Cowen is $43 based on the research report published on September 04, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see SG reach a price target of $39, previously predicting the price at $33. The rating they have provided for SG stocks is “Neutral” according to the report published on August 19th, 2024.
UBS gave a rating of “Buy” to SG, setting the target price at $31 in the report published on July 17th of the current year.
SG Trading at 11.47% 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 -2.70% of loss for the given period.
Volatility was left at 5.94%, however, over the last 30 days, the volatility rate increased by 5.71%, as shares surge +2.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.17% upper at present.
During the last 5 trading sessions, SG rose by +2.00%, which changed the moving average for the period of 200-days by +279.15% in comparison to the 20-day moving average, which settled at $37.46. In addition, Sweetgreen Inc saw 246.15% 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 1,263 shares at the price of $40.01 back on Oct 28 ’24. After this action, Ru Nathaniel now owns 1,952,129 shares of Sweetgreen Inc, valued at $50,533 using the latest closing price.
Ru Nathaniel, the Chief Brand Officer of Sweetgreen Inc, sale 1,009 shares at $40.01 during a trade that took place back on Oct 28 ’24, which means that Ru Nathaniel is holding 0 shares at $40,370 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 7.03. 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 sum up, Sweetgreen Inc (SG) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
