Cava Group Inc [NYSE: CAVA] loss -1.87% or -2.77 points to close at $145.03 with a heavy trading volume of 4687237 shares.
The daily chart for CAVA points out that the company has recorded 84.73% gains over the past six months.
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If we look at the average trading volume of 2.92M shares, CAVA reached to a volume of 4687237 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 Cava Group Inc [CAVA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CAVA shares is $124.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CAVA stock is a recommendation set at 2.29. 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 Cava Group Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 27, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $90 to $110. The new note on the price target was released on August 29, 2024, representing the official price target for Cava Group Inc stock. Previously, the target price had yet another raise from $93 to $115, while Citigroup kept a Neutral rating on CAVA stock.
The Average True Range (ATR) for Cava Group Inc is set at 4.58, with the Price to Sales ratio for CAVA stock in the period of the last 12 months amounting to 19.62. The Price to Book ratio for the last quarter was 27.84, with the Price to Cash per share for the same quarter was set at 3.01. Price to Free Cash Flow for CAVA in the course of the last twelve months was 1496.38 with Quick ratio for the last quarter at 2.93.
Trading performance analysis for CAVA stock
Cava Group Inc [CAVA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.44. With this latest performance, CAVA shares gained by 7.63% in over the last four-week period, additionally plugging by 84.73% over the last 6 months – not to mention a rise of 366.78% 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 CAVA stock in for the last two-week period is set at 67.59, with the RSI for the last a single of trading hit 68.36, and the three-weeks RSI is set at 67.00 for Cava Group Inc [CAVA]. The present Moving Average for the last 50 days of trading for this stock 130.08, while it was recorded at 144.08 for the last single week of trading, and 89.84 for the last 200 days.
Cava Group Inc [CAVA]: A deeper dive into fundamental analysis
Cava Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.93 and a Current Ratio set at 2.99.
Cava Group Inc [CAVA]: 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 CAVA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cava Group Inc go to 41.90%.
An analysis of Institutional ownership at Cava Group Inc [CAVA]
There are presently around $69.18%, or 76.23%% of CAVA stock, in the hands of institutional investors.
