At the time of writing, Sweetgreen Inc [SG] stock is trading at $26.81, up 2.92%. 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 9.83% over the last week, with a monthly amount drifted -20.42%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Sweetgreen Inc [NYSE: SG] stock has seen the most recent analyst activity on July 16, 2024, when Morgan Stanley upgraded its rating to a Equal-Weight but kept the price target unchanged to $25 for it. Previously, Goldman started tracking the stock with Buy rating on June 13, 2024, and set its price target to $39. On April 01, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $34 on the stock. Morgan Stanley downgraded its rating to a Underweight and decreased its price target to $10 on January 16, 2024. Piper Sandler upgraded its rating to a Overweight and raised its price target to $19 on July 31, 2023. BofA Securities upgraded its rating to Buy for this stock on July 06, 2023, and upped its price target to $17. In a note dated June 14, 2023, Piper Sandler initiated an Neutral rating and provided a target price of $11 on this stock.
For the past year, the stock price of Sweetgreen Inc fluctuated between $8.64 and $36.72. Currently, Wall Street analysts expect the stock to reach $28.29 within the next 12 months. Sweetgreen Inc [NYSE: SG] shares were valued at $26.81 at the most recent close of the market. An investor can expect a potential return of 5.52% based on the average SG price forecast.
Analyzing the SG fundamentals
According to Sweetgreen Inc [NYSE:SG], the company’s sales were 616.83M for trailing twelve months, which represents an 26.22% jump. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.17%, and Net Profit Margin reading is -0.17%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.22 and Total Capital is -0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.65.
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 25.98 points at the first support level, and at 25.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.28, and for the 2nd resistance point, it is at 27.76.
Ratios To Look Out For
It is important to note that Sweetgreen Inc [NYSE:SG] has a current ratio of 3.02. In addition, the Quick Ratio stands at 3.00 and the Cash Ratio stands at 2.79. Considering the valuation of this stock, the price to sales ratio is 4.92, the price to book ratio is 6.45.
Transactions by insiders
Recent insider trading involved Ru Nathaniel, Chief Brand Officer, that happened on Jun 05 ’24 when 0.15 million shares were sold. Chief Concept Officer, Jammet Nicolas completed a deal on Jun 05 ’24 to sell 0.15 million shares. Meanwhile, CHIEF EXECUTIVE OFFICER Neman Jonathan sold 0.15 million shares on Jun 05 ’24.