Sweetgreen Inc. (NYSE:SG) finished Wednesday with an addition of $0.65 to close at $14.66, an upside of 4.64 percent. An average of 1,711,540 shares of common stock have been traded in the last five days. There was a gain of $0.51 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 2,175,900 shares traded, while the 50-day average volume stands at 2,370,828.
SG stock has decreased by -7.80% in the last month. The company shares reached their 1-month lowest point of $12.94 on 08/18/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $6.10 and a high of $20.75 in 52 weeks. It has reached a new high 22 times so far this year and achieved 71.06% or $6.09 in price. In spite of this, the price is down -29.35% from the 52-week high.
Insider Transactions
SG stock investors should be aware that Sweetgreen Inc. (SG) stock had its last reported insider trading activity 23 days ago on Aug 01. In this transaction, the insider spent $162,360. Chief Brand Officer, Ru Nathaniel, disposed of 50,000 shares at a price of $9.43 on May 31. The insider now owns more than $471,500 worth of shares. Prior to that, Chief People Officer Gemperle Adrienne went on to Sale 6,112 shares at $9.60 each on May 22. An amount of $58,675 was transacted.
Valuation Metrics
Sweetgreen Inc. (SG) stock’s beta is 1.98. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.13, the price-to-book (PB) ratio at 3.20.
Financial Health
The quick ratio of Sweetgreen Inc. for the three months ended June 29 was 3.90, and the current ratio was 3.90, 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 June 29. Sweetgreen Inc.’s EBITDA margin for the year ending June 29 is -19.07%, while its operating margin for the same period stands at -32.30%. Its gross profit as reported stood at $69.29 million compared to revenue of $470.11 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 -19.10%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$27.26 million in the quarter, while revenues of -$33.66 million were shrunk -46.85%. The analyst consensus anticipated Sweetgreen Inc.’s latest quarter earnings to come in at -$0.16 per share, but it turned out to be -$0.19, a -18.80% surprise. For the quarter, EBITDA amounted to -$16.49 million. Shareholders own equity worth $111.97 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 23 August was 57.29%, suggesting the stock is Neutral, with historical volatility in this time frame at 73.10%.
As of today, SG’s price is $13.89 +3.60% or $0.51 from its 5-day moving average. SG is currently trading -10.66% lower than its 20-day SMA and +96.51% higher than its 100-day SMA. However, the stock’s current price level is +40.15% above the SMA50 and -15.99% below the SMA200.
The stochastic %K and %D were 58.18% and 41.06%, respectively, and the average true range (ATR) was 0.81. With the 14-day stochastic at 76.79% and the average true range at 0.80, the RSI (14) stands at 54.98%. The stock has reached 0.39 on the 9-day MACD Oscillator while the 14-day reading was at 0.29.
Analyst Ratings
Piper Sandler upgraded Sweetgreen Inc. (NYSE: SG) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Sweetgreen Inc. (SG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SG, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is SG’s price target for the next 12 months?
Analysts predict a range of price targets between $14.00 and $19.00, with a median target of $15.50. Taking a look at these predictions, the average price target given by analysts for Sweetgreen Inc. (SG) stock is $16.00.
