Sweetgreen Inc [SG] stock is trading at $37.90, up 0.03%. 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 6.34% over the last week, with a monthly amount glided 2.54%, 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 November 08, 2024, when Goldman downgraded its rating to a Neutral but kept the price target unchanged to $40 for it. Previously, TD Cowen upgraded its rating to Buy on September 04, 2024, and elevated its price target to $43. On August 19, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $39 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $31 on July 17, 2024. Morgan Stanley upgraded its rating to a Equal-Weight but $25 remained the price target by the analyst firm on July 16, 2024. Goldman started tracking with a Buy rating for this stock on June 13, 2024, and assigned it a price target of $39. In a note dated April 01, 2024, Oppenheimer reiterated an Outperform rating on this stock and boosted its target price from $17 to $34.
Sweetgreen Inc [SG] stock has fluctuated between $9.21 and $42.77 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 $37.90 at the most recent close of the market. An investor can expect a potential drop of -17.92% based on the average SG price forecast.
Analyzing the SG fundamentals
Sweetgreen Inc [NYSE:SG] reported sales of 668.95M for the trailing twelve months, which represents a growth of 13.04%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.19 and Total Capital is -0.11.
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 37.03 points at the first support level, and at 36.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.83, and for the 2nd resistance point, it is at 39.76.
Ratios To Look Out For
For context, Sweetgreen Inc’s Current Ratio is 2.59. In addition, the Quick Ratio stands at 2.57 and the Cash Ratio stands at 2.38. Considering the valuation of this stock, the price to sales ratio is 6.55, the price to book ratio is 9.46.
Transactions by insiders
Recent insider trading involved SINGER BRADLEY E, Director, that happened on Nov 20 ’24 when 42730.0 shares were sold. Director, Blumenthal Neil Harris completed a deal on Nov 20 ’24 to buy 22220.0 shares. Meanwhile, CHIEF PEOPLE OFFICER Gemperle Adrienne sold 5372.0 shares on Nov 18 ’24.
