Sweetgreen Inc [NYSE: SG] plunged by -$1.13 during the normal trading session on while it closed the day at $33.63.
Sweetgreen Inc stock has also loss -3.78% of its value over the past 7 days. However, SG stock has inclined by 21.98% in the 3 months of the year. Over the past six months meanwhile, it has gained 40.24% and gained 197.61% year-on date.
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The market cap for SG stock reached $3.84 billion, with 99.70 million shares outstanding and 92.69 million shares in the current float. Compared to the average trading volume of 3.42M shares, SG reached a trading volume of 2303941 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $38.40 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.
TD Cowen have made an estimate for Sweetgreen Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 04, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $33 to $39. The new note on the price target was released on August 19, 2024, representing the official price target for Sweetgreen Inc stock. Previously, the target price had yet another raise to $31, while UBS analysts kept a Buy rating on SG stock.
The Average True Range (ATR) for Sweetgreen Inc is set at 2.14, with the Price to Sales ratio for SG stock in the period of the last 12 months amounting to 5.91. The Price to Book ratio for the last quarter was 8.16, with the Price to Cash per share for the same quarter was set at 2.14.
SG stock trade performance evaluation
Sweetgreen Inc [SG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.78. With this latest performance, SG shares gained by 12.66% in over the last four-week period, additionally plugging by 40.24% over the last 6 months – not to mention a rise of 210.53% 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 49.20, with the RSI for the last a single of trading hit 43.89, and the three-weeks RSI is set at 51.36 for Sweetgreen Inc [SG]. The present Moving Average for the last 50 days of trading for this stock 32.16, while it was recorded at 34.94 for the last single week of trading, and 23.82 for the last 200 days.
Sweetgreen Inc [SG]: An insightful look at the core fundamentals
Sweetgreen Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.70 and a Current Ratio set at 2.72.
Earnings per share (EPS) analysis for Sweetgreen Inc [SG] stock
With the latest financial reports released by the company, Sweetgreen Inc posted -0.21/share EPS, while the average EPS was predicted by analysts to be reported at -0.17/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.04. 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%.
Sweetgreen Inc [SG]: Institutional Ownership
There are presently around $94.11%, or 96.89%% of SG stock, in the hands of institutional investors. The top three institutional holders of SG stocks are: BAILLIE GIFFORD & CO with ownership of 12.33 million shares, which is approximately 10.9302%. FMR LLC, holding 10.97 million shares of the stock with an approximate value of $$330.64 million in SG stocks shares; and FMR LLC, currently with $$272.14 million in SG stock with ownership which is approximately 8.0066%.
