Cava Group Inc (NYSE:CAVA) traded at $114.04 at close of the session on current trade day and made an upward move of 2.86% on its previous day’s price.
Looking at the stock we see that its previous close was $110.87 with the day’s price range being $110.32 – $114.04. The company has a trailing 12-month PE ratio of 313.56. In terms of its 52-week price range, CAVA has a high of $128.18 and a low of $29.05. The company’s stock has gained about 34.99% over that past 30 days.
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Cava Group Inc has a market cap of $13.04 billion and is expected to release its quarterly earnings report in October.
On the other hand, looking at the outlook for the CAVA stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 15 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Cava Group Inc (CAVA) stock as a Hold, while 10 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the CAVA stock currently stands at 7.48, and the current price level is 15.45% off its SMA20 and 24.31% from its 50-day simple moving average. The RSI (14) is pointing at 63.89 while the volatility over the past week is 4.42% and jumps to 5.49% over the past one month. The beta value is 3.24, while the average true range (ATR) is currently pointing at 5.93. The average price target for the stock over the next 12 months is $112.5, with the estimates having a low of $58 and a high of $125. These price ends are 49.14% and -9.61% off the current price level respectively, although investors could be excited at the prospect of a 1.35% if the CAVA share price touches on the median price of $112.5.
Coming back to Cava Group Inc (NYSE:CAVA), we note that the average 3-month trading volume was 3.52 million, while that of the preceding 10-day period stands at 7.08 million. Current shares outstanding are 113.58 million.
The insiders hold 17.15% of the company’s shares while institutions hold 68.99%. The data shows that short shares as of 2024-08-15, stood at 10.8 million at a short ratio of 4.96. This represents a 1429.00 short interest in shares outstanding on 2024-08-15. Shares short rose in August from the previous month at 10.48 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 165.33% up in year-to-date price movement.
