Sweetgreen Inc (NYSE:SG) price on current trading day, rose 1.18% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $23.92.
A look at the stock’s price movement, the close in the last trading session was $23.64, moving within a range at $23.38 and $24.2. The beta value (5-Year monthly) was 2.452. Turning to its 52-week performance, $45.12 and $18.77 were the 52-week high and 52-week low respectively. Overall, SG moved -2.80% over the past month.
Sweetgreen Inc’s market cap currently stands at around $2.81 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-23.
Analysts have a consensus estimate of 164.61M for the company’s revenue for the quarter, with a low and high estimate of 163.32M and 165.6M respectively. The average forecast suggests up to a 4.28% 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 766.85M, representing a 13.30% 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 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell 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 2.66% and -13.72% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.04, while 7-day volatility ratio is 5.11% and 8.41% in the 30-day chart. Further, Sweetgreen Inc (SG) has a beta value of 2.33, and an average true range (ATR) of 1.79. Analysts have given the company’s stock an average 52-week price target of $36, forecast between a low of $12 and high of $45. Looking at the price targets, the low is 49.83% off current price level while to achieve the yearly target high, price needs to move -88.13%. Nonetheless, investors will most likely welcome a -50.5% jump to $36 which is the analysts’ median price.
If we refocus on Sweetgreen Inc (NYSE:SG), historical trading data shows that trading volumes averaged 3.97 over the past 10 days and 3.50 million over the past 3 months. The company’s latest data on shares outstanding shows there are 105.20 million shares.
The 17.17% of Sweetgreen Inc’s shares are in the hands of company insiders while institutional holders own 89.34% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 20.12 million on 2025-02-28, giving us a short ratio of 4.91. The data shows that as of 2025-02-28 short interest in Sweetgreen Inc (SG) stood at 2610.0 of shares outstanding, with shares short rising to 14.22 million registered in 2025-01-31. Current price change has pushed the stock -25.39% 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.
