In the past week, SG stock has gone up by 9.45%, with a monthly gain of 7.71% and a quarterly surge of 31.14%. The volatility ratio for the week is 7.26%, and the volatility levels for the last 30 days are 7.26% for Sweetgreen Inc The simple moving average for the past 20 days is 6.66% for SG’s stock, with a 42.54% simple moving average for the past 200 days.
Is It Worth Investing in Sweetgreen Inc (NYSE: SG) Right Now?
Company’s 36-month beta value is 2.37.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for SG is 94.39M, and currently, short sellers hold a 14.41% ratio of that floaft. The average trading volume of SG on November 27, 2024 was 3.13M shares.
SG) stock’s latest price update
Sweetgreen Inc (NYSE: SG)’s stock price has dropped by -4.14 in relation to previous closing price of 43.27. Nevertheless, the company has seen a gain of 9.45% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-26 that Sweetgreen’s strategic menu innovations, including substantial protein options, have driven significant growth in comparable sales and revenue, reversing previous stagnation. The introduction of Infinity Kitchens and AI-based labor management systems is expected to enhance unit-level economics and control rising labor costs. Despite a slight slowdown in Q3 due to a lighter marketing calendar, Sweetgreen’s growth momentum is expected to continue with new menu items and the revamped Sweetpass loyalty program.
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 10.70% 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 -8.07% of loss for the given period.
Volatility was left at 7.26%, however, over the last 30 days, the volatility rate increased by 7.26%, as shares surge +10.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.42% upper at present.
During the last 5 trading sessions, SG rose by +9.50%, which changed the moving average for the period of 200-days by +251.69% in comparison to the 20-day moving average, which settled at $38.89. In addition, Sweetgreen Inc saw 267.08% 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 Blumenthal Neil Harris, who sale 5,000 shares at the price of $43.44 back on Nov 26 ’24. After this action, Blumenthal Neil Harris now owns 85,417 shares of Sweetgreen Inc, valued at $217,200 using the latest closing price.
Neil Harris Blumenthal, the Director of Sweetgreen Inc, proposed sale 5,000 shares at $43.44 during a trade that took place back on Nov 26 ’24, which means that Neil Harris Blumenthal is holding shares at $217,200 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 7.38. 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 a nutshell, Sweetgreen Inc (SG) has experienced a better performance in recent times. The stock has received mixed “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.
