Sweetgreen Inc (NYSE:SG) price on current trading day, fall -1.09% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $40.05.
A look at the stock’s price movement, the close in the last trading session was $40.49, moving within a range at $39.35 and $40.915. The beta value (5-Year monthly) was 2.334. Turning to its 52-week performance, $45.12 and $9.59 were the 52-week high and 52-week low respectively. Overall, SG moved 2.27% over the past month.
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Sweetgreen Inc’s market cap currently stands at around $4.63 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 163.36M for the company’s revenue for the quarter, with a low and high estimate of 161.5M and 169.65M respectively. The average forecast suggests up to a 6.76% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 679.13M, representing a 16.28% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SG is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 6 recommend SG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SG’s current price about 2.03% and 5.80% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.75, while 7-day volatility ratio is 5.71% and 7.29% in the 30-day chart. Further, Sweetgreen Inc (SG) has a beta value of 2.33, and an average true range (ATR) of 2.50. Analysts have given the company’s stock an average 52-week price target of $39, forecast between a low of $25 and high of $45. Looking at the price targets, the low is 37.58% off current price level while to achieve the yearly target high, price needs to move -12.36%. Nonetheless, investors will most likely welcome a 2.62% jump to $39 which is the analysts’ median price.
If we refocus on Sweetgreen Inc (NYSE:SG), historical trading data shows that trading volumes averaged 2.59 over the past 10 days and 3.07 million over the past 3 months. The company’s latest data on shares outstanding shows there are 103.36 million shares.
The 18.37% of Sweetgreen Inc’s shares are in the hands of company insiders while institutional holders own 88.26% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.6 million on 2024-11-15, giving us a short ratio of 4.25. The data shows that as of 2024-11-15 short interest in Sweetgreen Inc (SG) stood at 1810.0001 of shares outstanding, with shares short falling to 16.8 million registered in 2024-10-15. Current price change has pushed the stock 254.42% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SG stock continues to rise going into the next quarter.
