At the time of writing, Sweetgreen Inc [SG] stock is trading at $34.94, up 5.43%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SG shares have gain 7.94% over the last week, with a monthly amount drifted -13.71%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Goldman downgraded its rating to Neutral on November 08, 2024, and kept the price target unchanged to $40. On September 04, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $43 on the stock. Piper Sandler downgraded its rating to a Neutral and increased its price target to $39 on August 19, 2024. UBS initiated its recommendation with a Buy and recommended $31 as its price target on July 17, 2024. Morgan Stanley upgraded its rating to Equal-Weight for this stock on July 16, 2024, but kept the price target unchanged to $25. In a note dated June 13, 2024, Goldman initiated an Buy rating and provided a target price of $39 on this stock.
For the past year, the stock price of Sweetgreen Inc fluctuated between $9.66 and $45.12. Currently, Wall Street analysts expect the stock to reach $33.75 within the next 12 months. Sweetgreen Inc [NYSE: SG] shares were valued at $34.94 at the most recent close of the market. An investor can expect a potential drop of -3.41% based on the average SG price forecast.
Analyzing the SG fundamentals
According to Sweetgreen Inc [NYSE:SG], the company’s sales were 668.95M for trailing twelve months, which represents an 13.04% jump. 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 33.56 points at the first support level, and at 32.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.13, and for the 2nd resistance point, it is at 37.33.
Ratios To Look Out For
It is important to note that Sweetgreen Inc [NYSE:SG] has a current ratio of 2.59. As well, the Quick Ratio is 2.57, while the Cash Ratio is 2.38. Considering the valuation of this stock, the price to sales ratio is 6.24, the price to book ratio is 8.72.
Transactions by insiders
Recent insider trading involved Jammet Nicolas, Chief Concept Officer, that happened on Dec 13 ’24 when 0.17 million shares were sold. Chief Brand Officer, Ru Nathaniel completed a deal on Dec 13 ’24 to sell 0.17 million shares. Meanwhile, CHIEF EXECUTIVE OFFICER Neman Jonathan sold 0.17 million shares on Dec 13 ’24.
