In the past week, SG stock has gone down by -0.03%, with a monthly gain of 2.77% and a quarterly surge of 9.92%. The volatility ratio for the week is 8.19%, and the volatility levels for the last 30 days are 6.70% for Sweetgreen Inc The simple moving average for the last 20 days is 0.72% for SG stock, with a simple moving average of 34.38% for the last 200 days.
Is It Worth Investing in Sweetgreen Inc (NYSE: SG) Right Now?
Additionally, the 36-month beta value for SG is 2.29. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SG is 94.30M and currently, short sellers hold a 16.44% ratio of that float. The average trading volume of SG on November 20, 2024 was 3.22M shares.
SG) stock’s latest price update
The stock of Sweetgreen Inc (NYSE: SG) has increased by 12.00 when compared to last closing price of 33.83. Despite this, the company has experienced a -0.03% fall in its stock price over the last five trading sessions. youtube.com reported 2024-11-11 that Most in the fast food industry have had a challenging 2024. Many players, such as McDonald’s (MCD), have jacked up prices to compensate for higher worker wages, especially in California.
Analysts’ Opinion of SG
Many brokerage firms have already submitted their reports for SG stocks, with Goldman repeating the rating for SG by listing it as a “Neutral.” The predicted price for SG in the upcoming period, according to Goldman is $40 based on the research report published on November 08, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see SG reach a price target of $43, previously predicting the price at $31. The rating they have provided for SG stocks is “Buy” according to the report published on September 04th, 2024.
Piper Sandler gave a rating of “Neutral” to SG, setting the target price at $39 in the report published on August 19th of the current year.
SG Trading at 3.80% 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 -11.41% of loss for the given period.
Volatility was left at 6.70%, however, over the last 30 days, the volatility rate increased by 8.19%, as shares surge +2.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.88% upper at present.
During the last 5 trading sessions, SG fell by -0.03%, which changed the moving average for the period of 200-days by +250.18% in comparison to the 20-day moving average, which settled at $37.62. In addition, Sweetgreen Inc saw 235.31% 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 Gemperle Adrienne, who sale 5,372 shares at the price of $34.05 back on Nov 18 ’24. After this action, Gemperle Adrienne now owns 107,313 shares of Sweetgreen Inc, valued at $182,917 using the latest closing price.
Gemperle Adrienne, the CHIEF PEOPLE OFFICER of Sweetgreen Inc, sale 4,861 shares at $36.46 during a trade that took place back on Nov 19 ’24, which means that Gemperle Adrienne is holding 102,452 shares at $177,236 based on the most recent closing price.
Stock Fundamentals for SG
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.12 for the gross margin
The net margin for Sweetgreen Inc stands at -0.13. The total capital return value is set at -0.11. Equity return is now at value -18.42, with -10.21 for asset returns.
Currently, EBITDA for the company is -53.39 million with net debt to EBITDA at -3.55. When we switch over and look at the enterprise to sales, we see a ratio of 6.67. The receivables turnover for the company is 92.47for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.59.
Conclusion
In conclusion, Sweetgreen Inc (SG) has seen better performance in recent times. Analysts have a bullish 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.
