The price of Sweetgreen Inc. (NYSE: SG) closed at $9.44 in the last session, down -1.46% from day before closing price of $9.58. In other words, the price has decreased by -$0.14 from its previous closing price. On the day, 1096122 shares were traded.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
We take a closer look at SG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 4.30 and its Current Ratio is at 4.40. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 22 when Gemperle Adrienne sold 6,112 shares for $9.60 per share. The transaction valued at 58,675 led to the insider holds 139,911 shares of the business.
McPhail James sold 6,326 shares of SG for $59,844 on May 16. The Chief Development Officer now owns 142,107 shares after completing the transaction at $9.46 per share. On May 16, another insider, Reback Mitch, who serves as the Chief Financial Officer of the company, sold 4,526 shares for $9.46 each. As a result, the insider received 42,816 and left with 624,312 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SG now has a Market Capitalization of 996.36M and an Enterprise Value of 965.49M. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.12 while its Price-to-Book (P/B) ratio in mrq is 2.01. Its current Enterprise Value per Revenue stands at 1.96 whereas that against EBITDA is -7.80.
Stock Price History:
Over the past 52 weeks, SG has reached a high of $21.66, while it has fallen to a 52-week low of $6.10. The 50-Day Moving Average of the stock is 7.88, while the 200-Day Moving Average is calculated to be 12.36.
According to the various share statistics, SG traded on average about 1.86M shares per day over the past 3-months and 1.17M shares per day over the past 10 days. A total of 111.30M shares are outstanding, with a floating share count of 95.11M. Insiders hold about 8.20% of the company’s shares, while institutions hold 96.30% stake in the company. Shares short for SG as of Apr 27, 2023 were 11.27M with a Short Ratio of 11.27M, compared to 9.95M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 10.11% and a Short% of Float of 13.91%.
The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.18 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.23, while EPS last year was -$0.36. The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.1 and low estimates of -$0.25.
Analysts are recommending an EPS of between -$1.05 and -$1.1 for the fiscal current year, implying an average EPS of -$1.06. EPS for the following year is -$0.75, with 7 analysts recommending between -$0.43 and -$0.98.
According to 6 analysts, the current quarter’s revenue is expected to be $154.34M. It ranges from a high estimate of $159.6M to a low estimate of $148.15M. As of the current estimate, Sweetgreen Inc.’s year-ago sales were $124.92M, an estimated increase of 23.60% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $155.37M, an increase of 20.00% less than the figure of $23.60% in the same quarter last year. There is a high estimate of $161.4M for the next quarter, whereas the lowest estimate is $150M.
A total of 8 analysts have provided revenue estimates for SG’s current fiscal year. The highest revenue estimate was $599.93M, while the lowest revenue estimate was $578M, resulting in an average revenue estimate of $587.96M. In the same quarter a year ago, actual revenue was $470.11M, up 25.10% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $708.96M in the next fiscal year. The high estimate is $731M and the low estimate is $688.43M. The average revenue growth estimate for next year is up 20.60% from the average revenue estimate for this year.