The stock of CAVA Group Inc. (NYSE:CAVA) decreased by -$1.06 on Tuesday to finish at $33.30, down -3.08 percent. The last five days have seen an average of 2,165,280 shares of common stock traded. The average number of shares traded over the last 20 days was 1,694,645, while the average volume over the last 50 days totaled 1,831,084.
CAVA stock dropped -22.76% since last month. On 09/19/23, the company’s shares reached a one-month low of $32.20. The stock touched a high of $58.10, after rallying from a low of $34.13 in 52 weeks. The price of CAVA stock has declined by -23.94%. Still, the stock price is down -42.69% 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 92 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. Based on annual data, it had gross profit of $226.24 million and revenue of $564.12 million.
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. A lower net income was reported in the quarter under review than the previous quarter. 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. EBITDA was $16.47 million for the quarter. At the end of CAVA Group Inc.’s most recent quarter ended June 29, its liabilities totaled 414.57 million, while its total debt was $333.58 million. Equity owned by shareholders amounts to $113.58 million.
Technical Picture
Here’s a quick look at CAVA Group Inc.’s (CAVA) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 18.98%, suggesting the stock is oversold, with a 17.20% historical volatility rate.
The stochastic %K and %D were 6.13% and 7.25% respectively, while the average true range (ATR) was 2.10. Based on the 14-day stochastic reading of 7.91%, the RSI (14) reading is 26.45%. On the 9-day MACD Oscillator, the stock is at -2.14, and the 14-day reading is at -4.71.
Analyst Ratings
In its analyst report released on September 15, 2023, Loop Capital began covering CAVA Group Inc. (NYSE: CAVA). The stock was rated as a Hold 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 4 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 $40.00 and $58.00, with a median target price of $50.00. In analyzing these forecasts, the average price target given by analysts for CAVA Group Inc. (CAVA) is $49.63.
