Sweetgreen Inc [SG] stock prices are down -0.73% to $36.62 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SG shares have gain 2.98% over the last week, with a monthly amount glided 2.40%, 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 September 04, 2024, when TD Cowen upgraded its rating to a Buy and also boosted its price target to $43 from $31. Previously, Piper Sandler downgraded its rating to Neutral on August 19, 2024, and elevated its price target to $39. On July 17, 2024, UBS initiated with a Buy rating and assigned a price target of $31 on the stock. Morgan Stanley upgraded its rating to a Equal-Weight but stick to its price target of $25 on July 16, 2024. Goldman initiated its recommendation with a Buy and recommended $39 as its price target on June 13, 2024. Oppenheimer reiterated a Outperform rating for this stock on April 01, 2024, and upped its price target to $34. In a note dated January 16, 2024, Morgan Stanley downgraded an Underweight rating on this stock and revised its target price from $14 to $10.
The stock price of Sweetgreen Inc [SG] has been fluctuating between $8.64 and $39.75 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 $36.62 at the most recent close of the market. An investor can expect a potential drop of -15.05% based on the average SG price forecast.
Analyzing the SG fundamentals
The Sweetgreen Inc [NYSE:SG] reported sales of 648.95M for trailing twelve months, representing a surge 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 35.97 points at the first support level, and at 35.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.41, and for the 2nd resistance point, it is at 38.19.
Ratios To Look Out For
It’s worth pointing out that Sweetgreen Inc [NYSE:SG]’s Current Ratio is 2.72. On the other hand, the Quick Ratio is 2.70, and the Cash Ratio is 2.51. Considering the valuation of this stock, the price to sales ratio is 6.44, the price to book ratio is 8.89.
Transactions by insiders
Recent insider trading involved Jammet Nicolas, Chief Concept Officer, that happened on Sep 13 ’24 when 21275.0 shares were sold. Chief Concept Officer, Jammet Nicolas completed a deal on Sep 13 ’24 to sell 17020.0 shares. Meanwhile, Chief Brand Officer Ru Nathaniel sold 21275.0 shares on Sep 13 ’24.
