The stock of CAVA Group Inc. (NYSE:CAVA) increased by $2.67 on Tuesday to finish at $44.60, up 6.37 percent. The last five days have seen an average of 1,549,760 shares of common stock traded. The average number of shares traded over the last 20 days was 1,734,905, while the average volume over the last 50 days totaled 1,773,846.
CAVA stock dropped -21.91% since last month. On 08/22/23, the company’s shares reached a one-month low of $40.61. The stock touched a high of $58.10, after rallying from a low of $36.45 in 52 weeks. The price of CAVA stock has risen by 1.87%. Still, the stock price is down -23.24% from the 52-week high.
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Insider Transactions
CAVA stock investors should be aware that CAVA Group Inc. (CAVA) stock had its last reported insider trading activity 71 days ago on Jun 20. On Jun 20, Director Xenohristos Theodoros acquired 4,500 shares at $22.00 each. This transaction resulted in the insider spending $99,000. On Jun 20, Tolivar Tricia K. added 2,500 shares at a price of US$22.00. After the transaction, the insider now owns 2,500 shares. CLO & Secretary Bertram Kenneth Robert had earlier bought 2,295 shares on Jun 20 for $22.00 a share. The transaction was completed for $50,490.
Financial Health
For the three months ended June 29, CAVA Group Inc.’s quick ratio was 3.20, while its current ratio was 3.30, indicating its ability to pay off its debt.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 13.30% return on investment (ROI) in the past year.
Earnings Surprise
According to CAVA Group Inc.’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $172.89 million, while revenues rose by 100.0% to $0.0. It was predicted that CAVA Group Inc.’s quarterly earnings would be $0.21, but it ended up being -$0.02. At the end of CAVA Group Inc.’s most recent quarter ended June 29, its total debt was $333.58 million.
Technical Picture
Here’s a quick look at CAVA Group Inc.’s (CAVA) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 47.46%, suggesting the stock is Neutral, with a 77.38% historical volatility rate.
The stochastic %K and %D were 19.68% and 16.12% respectively, while the average true range (ATR) was 2.98. Based on the 14-day stochastic reading of 37.82%, the RSI (14) reading is 46.12%. On the 9-day MACD Oscillator, the stock is at -0.12, and the 14-day reading is at -1.80.
Analyst Ratings
In its analyst report released on July 10, 2023, William Blair began covering CAVA Group Inc. (NYSE: CAVA). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned CAVA Group Inc. (CAVA) an Overweight rating. CAVA is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 5 others recommend it as a buy.
What is CAVA’s price target for the next 12 months?
The current consensus forecast for the stock is between $45.00 and $58.00, with a median target price of $52.00. In analyzing these forecasts, the average price target given by analysts for CAVA Group Inc. (CAVA) is $51.00.
