Sweetgreen Inc [NYSE: SG] loss -4.49% on the last trading session, reaching $29.13 price per share at the time.
If compared to the average trading volume of 2.77M shares, SG reached a trading volume of 5153691 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 $41.30 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 1.67. 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.
Citigroup have made an estimate for Sweetgreen Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 10, 2025. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Sector Weight. The new note on the price target was released on December 11, 2024, representing the official price target for Sweetgreen Inc stock. Previously, the target price had yet another raise to $40, while Goldman analysts kept a Neutral rating on SG stock. On September 04, 2024, analysts increased their price target for SG shares from 31 to 43.
The Average True Range (ATR) for Sweetgreen Inc is set at 2.00, with the Price to Sales ratio for SG stock in the period of the last 12 months amounting to 5.04. The Price to Book ratio for the last quarter was 7.27, with the Price to Cash per share for the same quarter was set at 2.03.
Trading performance analysis for SG stock
Sweetgreen Inc [SG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.03. With this latest performance, SG shares dropped by -13.38% in over the last four-week period, additionally plugging by 16.80% over the last 6 months – not to mention a rise of 174.29% 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 35.56, with the RSI for the last a single of trading hit 31.09, and the three-weeks RSI is set at 38.66 for Sweetgreen Inc [SG]. The present Moving Average for the last 50 days of trading for this stock 36.08, while it was recorded at 31.87 for the last single week of trading, and 31.89 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 2.57 and a Current Ratio set at 2.59.
An analysis of Institutional ownership at Sweetgreen Inc [SG]
There are presently around $100.87%, or 103.51%% 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%.
