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The price of Sweetgreen Inc (NYSE: SG) closed at $33.83 in the last session, up 0.95% from day before closing price of $33.51. In other words, the price has increased by $0.95 from its previous closing price. On the day, 2.49 million shares were traded. SG stock price reached its highest trading level at $34.48 during the session, while it also had its lowest trading level at $33.04.
Ratios:
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 2.57 and its Current Ratio is at 2.59. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.60.
On September 04, 2024, TD Cowen Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $31 to $43.
Piper Sandler Downgraded its Overweight to Neutral on August 19, 2024, whereas the target price for the stock was revised from $33 to $39.
Insider Transactions:
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 Nov 18 ’24 when Wouleta Ayele bought 4,347 shares for $34.05 per share.
Mitch Reback bought 9,507 shares of SG for $323,713 on Nov 18 ’24. On Nov 18 ’24, another insider, Adrienne Gemperle, who serves as the Officer of the company, bought 5,372 shares for $34.05 each.
Valuation Measures:
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 3913150208 and an Enterprise Value of 3955970304. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.82 while its Price-to-Book (P/B) ratio in mrq is 8.44. Its current Enterprise Value per Revenue stands at 5.914 whereas that against EBITDA is -113.339.
Stock Price History:
Over the past 52 weeks, SG has reached a high of $42.77, while it has fallen to a 52-week low of $9.21. The 50-Day Moving Average of the stock is -6.94%, while the 200-Day Moving Average is calculated to be 20.56%.
Shares Statistics:
According to the various share statistics, SG traded on average about 3.25M shares per day over the past 3-months and 4296810 shares per day over the past 10 days. A total of 99.70M shares are outstanding, with a floating share count of 94.30M. Insiders hold about 18.48% of the company’s shares, while institutions hold 88.28% stake in the company. Shares short for SG as of 1730332800 were 15505493 with a Short Ratio of 4.77, compared to 1727654400 on 17839394. Therefore, it implies a Short% of Shares Outstanding of 15505493 and a Short% of Float of 20.65.
