CAVA Group Inc. (NYSE:CAVA) finished Friday with an addition of $0.39 to close at $48.48, an upside of 0.81 percent. An average of 832,280 shares of common stock have been traded in the last five days. There was a fall of -$4.96 in the past week. The last 20 days have seen an average of 1,224,675 shares traded.
CAVA stock has increased by 1.68% in the last month. The company shares reached their 1-month lowest point of $45.85 on 07/14/23. Shares of the company touched a low of $36.45 and a high of $58.10 in 52 weeks. In spite of this, the price is down -16.56% from the 52-week high.
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Financial Health
The quick ratio of CAVA Group Inc. for the recent quarter was 0.40, and the current ratio was 0.40, indicating that the company is not able to meet its debt obligations.
Earnings Surprise
At the end of the recent quarter, CAVA Group Inc.’s stock balance sheet showed total debt was $319.01 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at CAVA Group Inc. (CAVA) price momentum. RSI 9-day as of the close on 11 August was 40.78%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.21%.
As of today, CAVA’s price is $49.62 -9.28% or -$4.96 from its 5-day moving average. CAVA is currently trading +1.70% higher than its 20-day SMA.
The stochastic %K and %D were 6.61% and 15.69%, respectively, and the average true range (ATR) was 3.08. With the 14-day stochastic at 9.16% and the average true range at 3.24, the RSI (14) stands at 46.50%. The stock has reached -3.96 on the 9-day MACD Oscillator while the 14-day reading was at -4.14.
Analyst Ratings
William Blair launched coverage on CAVA Group Inc. (NYSE: CAVA) in its analyst report released on July 10, 2023. The firm assigned the stock an Outperform rating. The consensus rating for CAVA Group Inc. (CAVA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CAVA, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.
What is CAVA’s price target for the next 12 months?
Analysts predict a range of price targets between $42.00 and $50.00, with a median target of $45.00. Taking a look at these predictions, the average price target given by analysts for CAVA Group Inc. (CAVA) stock is $45.86.
