The Price Target For Sweetgreen Inc. (SG)?

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Sweetgreen Inc. (NYSE:SG) finished Wednesday with a subtraction of -$0.32 to close at $8.11, a downside of -3.80 percent. An average of 1,223,620 shares of common stock have been traded in the last five days. There was a fall of -$1.37 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 1,876,045 shares traded, while the 50-day average volume stands at 1,607,602.

SG stock has decreased by -37.37% in the last month. The company shares reached their 1-month lowest point of $8.10 on 12/28/22. With the stock rallying to its 52-week high on 03/18/22, shares of the company touched a low of $8.38 and a high of $40.10 in 52 weeks. It has reached a new high 9 times so far this year and lost -74.66% or -$23.89 in price. In spite of this, the price is down -79.78% from the 52-week high.


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Insider Transactions

SG stock investors should be aware that Sweetgreen Inc. (SG) stock had its last reported insider trading activity 42 days ago on Nov 17. In this transaction, the insider spent $83,343. Chief Operating Officer, Carr Chris, disposed of 7,478 shares at a price of $13.50 on Nov 17. The insider now owns more than $100,927 worth of shares. Prior to that, Chief Marketing Officer Shlossman Daniel went on to Sale 4,451 shares at $14.60 each on Nov 16. An amount of $64,981 was transacted.

Valuation Metrics

Sweetgreen Inc. (SG) has a trailing price-to-sales (P/S) ratio at 2.04, the price-to-book (PB) ratio at 1.53.

Financial Health

The quick ratio of Sweetgreen Inc. for the three months ended September 29 was 8.70, and the current ratio was 8.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $40.41 million compared to revenue of $339.87 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sweetgreen Inc.’s return on assets was -27.70%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$47.4 million in the quarter, while revenues were grew 85.23%. The analyst consensus anticipated Sweetgreen Inc.’s latest quarter earnings to come in at -$0.36 per share, but it turned out to be -$0.33, a 8.30% surprise. For the quarter, EBITDA amounted to -$37.25 million. At the end of the quarter ending September 29, Sweetgreen Inc.’s stock balance sheet showed total liabilities of 116.8 million. Shareholders own equity worth $110.8 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Sweetgreen Inc. (SG) price momentum. RSI 9-day as of the close on 28 December was 11.00%, suggesting the stock is oversold, with historical volatility in this time frame at 6.86%.

As of today, SG’s price is $8.73 -14.45% or -$1.37 from its 5-day moving average. SG is currently trading -40.32% lower than its 20-day SMA and -55.56% lower than its 100-day SMA. However, the stock’s current price level is -57.32% below the SMA50 and -75.42% below the SMA200.

The stochastic %K and %D were 1.59% and 2.66%, respectively, and the average true range (ATR) was 0.62. With the 14-day stochastic at 0.30% and the average true range at 0.71, the RSI (14) stands at 17.85%. The stock has reached -0.71 on the 9-day MACD Oscillator while the 14-day reading was at -1.27.

Analyst Ratings

BofA Securities launched coverage on Sweetgreen Inc. (NYSE: SG) in its analyst report released on June 27, 2022. The firm assigned the stock a Neutral rating.

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