Sweetgreen Inc (NYSE:SG) price on Wednesday, February 05, rose 0.46% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $33.05.
A look at the stock’s price movement, the close in the last trading session was $32.90, moving within a range at $31.92 and $33.07. The beta value (5-Year monthly) was 2.334. Turning to its 52-week performance, $45.12 and $10.45 were the 52-week high and 52-week low respectively. Overall, SG moved -0.27% over the past month.
Sweetgreen Inc’s market cap currently stands at around $3.82 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 163.28M for the company’s revenue for the quarter, with a low and high estimate of 160.97M and 169.65M respectively. The average forecast suggests up to a 6.70% 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 679M, representing a 16.26% 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 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold 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 3.00% and -5.74% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.72, while 7-day volatility ratio is 4.77% and 5.95% in the 30-day chart. Further, Sweetgreen Inc (SG) has a beta value of 2.38, and an average true range (ATR) of 1.89. Analysts have given the company’s stock an average 52-week price target of $39.5, forecast between a low of $39 and high of $40. Looking at the price targets, the low is -18.0% off current price level while to achieve the yearly target high, price needs to move -21.03%. Nonetheless, investors will most likely welcome a -19.52% jump to $39.5 which is the analysts’ median price.
If we refocus on Sweetgreen Inc (NYSE:SG), historical trading data shows that trading volumes averaged 2.68 over the past 10 days and 2.82 million over the past 3 months. The company’s latest data on shares outstanding shows there are 103.36 million shares.
The 17.57% of Sweetgreen Inc’s shares are in the hands of company insiders while institutional holders own 87.96% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 15.34 million on 2025-01-15, giving us a short ratio of 6.74. The data shows that as of 2025-01-15 short interest in Sweetgreen Inc (SG) stood at 2041.0 of shares outstanding, with shares short rising to 13.37 million registered in 2024-12-13. Current price change has pushed the stock 3.09% 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.
