Sweetgreen Inc [NYSE: SG] loss -1.65% or -0.57 points to close at $33.89 with a heavy trading volume of 3424161 shares.
The daily chart for SG points out that the company has recorded 187.20% gains over the past six months.
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If we look at the average trading volume of 2.98M shares, SG reached to a volume of 3424161 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Sweetgreen Inc [SG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SG shares is $35.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SG stock is a recommendation set at 1.55. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Sweetgreen Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 17, 2024. The new note on the price target was released on July 16, 2024, representing the official price target for Sweetgreen Inc stock. Previously, the target price had yet another raise to $39, while Goldman analysts kept a Buy rating on SG stock. On April 01, 2024, analysts increased their price target for SG shares from 17 to 34.
The Average True Range (ATR) for Sweetgreen Inc is set at 2.26, with the Price to Sales ratio for SG stock in the period of the last 12 months amounting to 5.89. The Price to Book ratio for the last quarter was 8.23, with the Price to Cash per share for the same quarter was set at 2.17.
Trading performance analysis for SG stock
Sweetgreen Inc [SG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 31.25. With this latest performance, SG shares gained by 26.41% in over the last four-week period, additionally plugging by 187.20% over the last 6 months – not to mention a rise of 141.21% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SG stock in for the last two-week period is set at 66.37, with the RSI for the last a single of trading hit 71.09, and the three-weeks RSI is set at 62.64 for Sweetgreen Inc [SG]. The present Moving Average for the last 50 days of trading for this stock 28.57, while it was recorded at 32.77 for the last single week of trading, and 19.66 for the last 200 days.
Sweetgreen Inc [SG]: A deeper dive into fundamental analysis
Sweetgreen Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.70 and a Current Ratio set at 2.72.
Sweetgreen Inc [SG]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sweetgreen Inc go to 27.00%.
An analysis of Institutional ownership at Sweetgreen Inc [SG]
The top three institutional holders of SG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in SG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in SG stock with ownership which is approximately 5.1238%.
