The 36-month beta value for SG is also noteworthy at 2.33. 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.”
The public float for SG is 94.42M, and at present, short sellers hold a 14.40% of that float. The average trading volume of SG on December 10, 2024 was 2.98M shares.
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SG) stock’s latest price update
The stock price of Sweetgreen Inc (NYSE: SG) has dropped by -10.39 compared to previous close of 42.04. Despite this, the company has seen a fall of -3.98% in its stock price over the last five trading days. businesswire.com reported 2024-12-05 that LOS ANGELES–(BUSINESS WIRE)–Today, Sweetgreen announced its commitment to Food Access LA, formerly Sustainable Economic Enterprises of Los Angeles, the non-profit organization behind eight Los Angeles farmers markets. With LA’s beloved farmers markets at risk of closure, Sweetgreen’s support helps ensure all eight markets will remain open, preserving a vital connection between local growers and the Los Angeles community. With Sweetgreen’s support, Food Access LA can cover operating costs thro.
SG’s Market Performance
SG’s stock has fallen by -3.98% in the past week, with a monthly drop of -10.73% and a quarterly rise of 24.16%. The volatility ratio for the week is 7.44% while the volatility levels for the last 30 days are 7.89% for Sweetgreen Inc The simple moving average for the last 20 days is -3.77% for SG’s stock, with a simple moving average of 25.20% 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 -0.95% 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 -16.51% of loss for the given period.
Volatility was left at 7.89%, however, over the last 30 days, the volatility rate increased by 7.44%, as shares sank -5.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.78% upper at present.
During the last 5 trading sessions, SG fell by -3.98%, which changed the moving average for the period of 200-days by +229.00% in comparison to the 20-day moving average, which settled at $39.15. In addition, Sweetgreen Inc saw 233.36% 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 Jammet Nicolas, who sale 33,598 shares at the price of $40.14 back on Dec 05 ’24. After this action, Jammet Nicolas now owns 0 shares of Sweetgreen Inc, valued at $1,348,500 using the latest closing price.
Neman Jonathan, the CHIEF EXECUTIVE OFFICER of Sweetgreen Inc, sale 33,444 shares at $40.16 during a trade that took place back on Dec 05 ’24, which means that Neman Jonathan is holding 0 shares at $1,342,965 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 6.64. 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 summary, Sweetgreen Inc (SG) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
