Sweetgreen Inc (NYSE: SG)’s stock price has decreased by -1.78 compared to its previous closing price of 39.23. However, the company has seen a -12.37% decrease in its stock price over the last five trading sessions. 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.
Is It Worth Investing in Sweetgreen Inc (NYSE: SG) Right Now?
Moreover, the 36-month beta value for SG is 2.33. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for SG is 94.42M and currently, short sellers hold a 14.40% of that float. On December 04, 2024, SG’s average trading volume was 3.12M shares.
SG’s Market Performance
The stock of Sweetgreen Inc (SG) has seen a -12.37% decrease in the past week, with a 1.34% rise in the past month, and a 29.08% gain in the past quarter. The volatility ratio for the week is 5.62%, and the volatility levels for the past 30 days are at 7.22% for SG. The simple moving average for the last 20 days is -1.88% for SG stock, with a simple moving average of 30.54% for the last 200 days.
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 2.23% 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 -14.61% of loss for the given period.
Volatility was left at 7.22%, however, over the last 30 days, the volatility rate increased by 5.62%, as shares surge +1.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.54% upper at present.
During the last 5 trading sessions, SG fell by -12.37%, which changed the moving average for the period of 200-days by +212.74% in comparison to the 20-day moving average, which settled at $39.27. In addition, Sweetgreen Inc saw 240.97% 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 Bornstein Julie, who sale 4,464 shares at the price of $42.11 back on Nov 27 ’24. After this action, Bornstein Julie now owns 32,637 shares of Sweetgreen Inc, valued at $187,973 using the latest closing price.
Neman Jonathan, the CHIEF EXECUTIVE OFFICER of Sweetgreen Inc, sale 14,745 shares at $45.00 during a trade that took place back on Nov 25 ’24, which means that Neman Jonathan is holding 1,930,228 shares at $663,525 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 6.78. 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
To wrap up, the performance of Sweetgreen Inc (SG) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
