Sweetgreen Inc (SG) Stock: A Closer Look

A share price of Sweetgreen Inc [SG] is currently trading at $12.09, up 1.77%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SG shares have gain 8.14% over the last week, with a monthly amount glided 13.41%, and seem to be holding up well over a long-time horizon.

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On 6, February 2024, Sweetgreen Tests New Caramelized Garlic Steak in Select Locations. In a post published today on Yahoo Finance, The Boston test launches three fine dining-inspired dishes featuring the craveable new protein.

From an analyst’s perspective:

Sweetgreen Inc [NYSE: SG] stock has seen the most recent analyst activity on January 16, 2024, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $10 from $14.

Sweetgreen Inc experienced fluctuations in its stock price throughout the past year between $6.10 and $16.58. Sweetgreen Inc [NYSE: SG] shares were valued at $12.09 at the most recent close of the market.

Analyzing the SG fundamentals

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.88 points at the first support level, and at 11.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.29, and for the 2nd resistance point, it is at 12.48.

Sweetgreen Inc [SG] reported earnings per share of -$0.21 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.16/share, meaning a difference of -$0.05 and a surprise factor of -31.20%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.19 per share as compared to estimates of -$0.16 per share, a difference of -$0.03 representing a surprise of -18.80%.

Ratios To Look Out For

A current ratio of 3.68 is a noteworthy aspect of Sweetgreen Inc [NYSE:SG].

Transactions by insiders

In the past 3 months, 0 insiders have purchased 0 shares, and 4 have sold 18,259 shares. Recent insider trading involved Neman Jonathan, CHIEF EXECUTIVE OFFICER, that happened on Jan 22 when 5000.0 shares were sold. Chief Executive Officer, Neman Jonathan completed a deal on Dec 20 to sell 5000.0 shares. Meanwhile, Chief Executive Officer Neman Jonathan sold 5000.0 shares on Dec 04.

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