As of Thursday close, Sweetgreen Inc.’s (NYSE:SG) stock was down -$0.41, moving down -3.41 percent to $11.61. The average number of shares traded per day over the past five days has been 1,693,440 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.53 fall in that time frame. In the last twenty days, the average volume was 1,564,725, while in the previous 50 days, it was 1,953,020.
Since last month, SG stock retreated -17.13%. Shares of the company fell to $11.47 on 09/21/23, the lowest level in the past month. A 52-week high of $20.00 was reached on 07/27/23 after having rallying from a 52-week low of $6.10. Since the beginning of this year, SG’s stock price has risen by 35.47% or $3.04, and marked a new high 22 times. However, the stock has declined by -41.95% since its 52-week high.
SG stock investors should be aware that Sweetgreen Inc. (SG) stock had its last reported insider trading activity 15 days ago on Sep 07. Ru Nathaniel, the Chief Brand Officer of the company, disposed of 96,091 shares for $14.00 on Sep 07. It resulted in a $1,345,274 divestment by the insider. Neman Jonathan sold 10,000 shares at an average price of $14.00 on Sep 07. The insider now owns 0 shares following the transaction. On Aug 30, Chief Concept Officer Jammet Nicolas sold 25,000 shares at $14.20 apiece. The transaction was valued at $355,000.
Valuation Metrics
The stock’s beta is 2.03. Besides these, the trailing price-to-sales (P/S) ratio of 2.42, the price-to-book (PB) ratio of 2.53.
Financial Health
In the three months ended June 29, Sweetgreen Inc.’s quick ratio stood at 3.90, while its current ratio was 3.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 23.40% percent. In the year ended June 29, EBITDA margin amounted to -19.07%, whereas operating margins totaled -32.30%. Based on annual data, SG earned $69.29 million in gross profit and brought in $470.11 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -36.00%. Return on equity (ROE) for the past 12 months was -30.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SG’s revenue rose 18.09% to $125.06 million during the quarter, while net income inched up to $152.53 million. While analysts expected Sweetgreen Inc. to report -$0.16 quarterly earnings, the actual figure was -$0.19 per share, beating the consensus estimate by -18.80%. During the quarter, the company generated -$16.49 million in EBITDA. The liabilities of Sweetgreen Inc. were 376.05 million at the end of its most recent quarter ended June 29, and its total debt was $302.98 million. The value of shareholders’ equity is $111.97 million.
Technical Picture
This quick technical analysis looks at Sweetgreen Inc.’s (SG) price momentum. With a historical volatility rate of 50.22%, the RSI 9-day stood at 29.82% on 21 September.
With respect to its five-day moving average, the current Sweetgreen Inc. price is down by -4.37% percent or -$0.53. At present, SG shares trade -20.80% below its 20-day simple moving average and +46.22% percent above its 100-day simple moving average. However, the stock is currently trading approximately -25.67% below its SMA50 and -16.71% below its SMA200.
Stochastic coefficient K was 6.82% and Stochastic coefficient D was 11.07%, while ATR was 0.68. Given the Stochastic reading of 4.49% for the 14-day period, the RSI (14) reading has been calculated as 34.64%. As of today, the MACD Oscillator reading stands at -0.72, while the 14-day reading stands at -1.26.
Analyst Ratings
Piper Sandler upgraded its rating on Sweetgreen Inc. (NYSE: SG) to an Overweight in a note to investors on July 31, 2023. The analysts firm previously had a Neutral rating on the stock.Sweetgreen Inc. (SG) has been rated Overweight by analysts. According to 0 brokerage firms, SG is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Sweetgreen Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $15.50, the current consensus forecast for the stock is $14.00 – $19.00. Based on these forecasts, analysts predict Sweetgreen Inc. (SG) will achieve an average price target of $16.00.
