Sweetgreen Inc [SG] stock is trading at $34.59, down -0.35%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SG shares have gain 4.41% over the last week, with a monthly amount glided 30.97%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Sweetgreen Inc [NYSE: SG] stock has seen the most recent analyst activity on August 19, 2024, when Piper Sandler downgraded its rating to a Neutral and also boosted its price target to $39 from $33. Previously, UBS started tracking the stock with Buy rating on July 17, 2024, and set its price target to $31. On July 16, 2024, upgrade upgraded it’s rating to Equal-Weight but maintained its price target of $25 on the stock. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $39 on June 13, 2024. Oppenheimer reiterated its recommendation of a Outperform and raised its price target to $34 on April 01, 2024. Morgan Stanley downgraded its rating to Underweight for this stock on January 16, 2024, and downed its price target to $10. In a note dated July 31, 2023, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $13 to $19.
Sweetgreen Inc [SG] stock has fluctuated between $8.64 and $38.53 over the past year. Currently, Wall Street analysts expect the stock to reach $31.11 within the next 12 months. Sweetgreen Inc [NYSE: SG] shares were valued at $34.59 at the most recent close of the market. An investor can expect a potential drop of -10.06% based on the average SG price forecast.
Analyzing the SG fundamentals
Sweetgreen Inc [NYSE:SG] reported sales of 648.95M for the trailing twelve months, which represents a growth of 21.06%. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at -0.14%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.19 and Total Capital is -0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.66.
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 33.73 points at the first support level, and at 32.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.23, and for the 2nd resistance point, it is at 35.86.
Ratios To Look Out For
For context, Sweetgreen Inc’s Current Ratio is 2.72. Also, the Quick Ratio is 2.70, while the Cash Ratio stands at 2.51. Considering the valuation of this stock, the price to sales ratio is 6.08, the price to book ratio is 8.40.
Transactions by insiders
Recent insider trading involved Jammet Nicolas, Chief Concept Officer, that happened on Aug 26 ’24 when 0.17 million shares were sold. Chief Brand Officer, Ru Nathaniel completed a deal on Aug 26 ’24 to sell 0.17 million shares. Meanwhile, CHIEF EXECUTIVE OFFICER Neman Jonathan sold 0.17 million shares on Aug 26 ’24.
