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The closing price of Sweetgreen Inc (NYSE: SG) was $24.40 for the day, down -0.45% from the previous closing price of $24.51. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 2.77 million shares were traded. SG stock price reached its highest trading level at $24.71 during the session, while it also had its lowest trading level at $23.82.
Ratios:
Our analysis of SG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.00 and its Current Ratio is at 3.02. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.58.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on July 17, 2024, initiated with a Buy rating and assigned the stock a target price of $31.
On July 16, 2024, Morgan Stanley Upgraded its rating to Equal-Weight which previously was Underweight but kept the price unchanged to $25.
On June 13, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $39.Goldman initiated its Buy rating on June 13, 2024, with a $39 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 05 ’24 when Ru Nathaniel sold 150,000 shares for $30.50 per share. The transaction valued at 4,575,000 led to the insider holds 2,121,899 shares of the business.
Jammet Nicolas sold 150,000 shares of SG for $4,575,000 on Jun 05 ’24. The Chief Concept Officer now owns 2,100,000 shares after completing the transaction at $30.50 per share. On Jun 05 ’24, another insider, Neman Jonathan, who serves as the CHIEF EXECUTIVE OFFICER of the company, sold 150,000 shares for $30.50 each. As a result, the insider received 4,575,000 and left with 2,100,000 shares of the company.
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 2764788480 and an Enterprise Value of 2825436160. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.48 while its Price-to-Book (P/B) ratio in mrq is 5.87. Its current Enterprise Value per Revenue stands at 4.581 whereas that against EBITDA is -47.441.
Stock Price History:
Over the past 52 weeks, SG has reached a high of $36.72, while it has fallen to a 52-week low of $8.64. The 50-Day Moving Average of the stock is -17.31%, while the 200-Day Moving Average is calculated to be 32.89%.
Shares Statistics:
SG traded an average of 3.04M shares per day over the past three months and 2644080 shares per day over the past ten days. A total of 99.70M shares are outstanding, with a floating share count of 90.60M. Insiders hold about 20.05% of the company’s shares, while institutions hold 84.73% stake in the company. Shares short for SG as of 1721001600 were 12582749 with a Short Ratio of 4.14, compared to 1718323200 on 11141471. Therefore, it implies a Short% of Shares Outstanding of 12582749 and a Short% of Float of 17.44.
