The Insider Activity Of Sweetgreen Inc. (SG) Should Not Be Ignored

As of Thursday close, Sweetgreen Inc.’s (NYSE:SG) stock was down -$0.07, moving down -0.40 percent to $17.64. The average number of shares traded per day over the past five days has been 2,004,820 shares. 1 time new highs have been achieved over the past 5 days, with a -$8.51 fall in that time frame. In the last twenty days, the average volume was 880,725, while in the previous 50 days, it was 1,067,274.

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Since last month, SG stock retreated -34.81%. Shares of the company fell to $16.75 on 05/12/22, the lowest level in the past month. Since the beginning of this year, SG’s stock price has dropped by -44.88%. However, the stock has declined by -68.61% since its 52-week high.

Financial Health

In the recent quarter, Sweetgreen Inc.’s quick ratio stood at 10.50, while its current ratio was 10.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 26.70% percent. In the recent year, operating margins totaled -37.30%. Based on annual data, SG earned $40.41 million in gross profit and brought in $339.87 million in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SG’s revenue rose 575.1% to $396.2 million during the quarter, while net income inched up to $102.59 million. During the quarter, the company generated -$38.7 million in EBITDA. The liabilities of Sweetgreen Inc. were 110.79 million at the end of its most recent quarter. The value of shareholders’ equity is $109.55 million.

Technical Picture

This quick technical analysis looks at Sweetgreen Inc.’s (SG) price momentum. With a historical volatility rate of 100.78%, the RSI 9-day stood at 14.47% on 12 May.

With respect to its five-day moving average, the current Sweetgreen Inc. price is down by -32.54% percent or -$8.51. At present, SG shares trade -36.34% below its 20-day simple moving average and -36.89% percent below its 100-day simple moving average. However, the stock is currently trading approximately -26.74% below its SMA50.

Stochastic coefficient K was 7.68% and Stochastic coefficient D was 9.27%, while ATR was 2.58. Given the Stochastic reading of 7.46% for the 14-day period, the RSI (14) reading has been calculated as 22.48%. As of today, the MACD Oscillator reading stands at -4.59, while the 14-day reading stands at -6.19.

Analyst Ratings

Citigroup launched its rating on Sweetgreen Inc. (NYSE: SG) to a Neutral in a note to investors on April 12, 2022. Sweetgreen Inc. (SG) has been rated Buy by analysts. According to 0 brokerage firms, SG is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Sweetgreen Inc. stock as buy, with 7 recommending it as overweight.

With a median target price of $37.00, the current consensus forecast for the stock is $32.00 – $40.00. Based on these forecasts, analysts predict Sweetgreen Inc. (SG) will achieve an average price target of $37.00.


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