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The price of Sweetgreen Inc (NYSE: SG) closed at $34.71 in the last session, down -7.81% from day before closing price of $37.65. In other words, the price has decreased by -$7.81 from its previous closing price. On the day, 5.02 million shares were traded. SG stock price reached its highest trading level at $36.65 during the session, while it also had its lowest trading level at $34.07.
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 2.70 and its Current Ratio is at 2.72. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.59.
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 the company, Piper Sandler on August 19, 2024, Downgraded its rating to Neutral and sets its target price to $39 from $33 previously.
On July 17, 2024, UBS started tracking the stock assigning a Buy rating and target price of $31.
Morgan Stanley Upgraded its Underweight to Equal-Weight on July 16, 2024, while the target price for the stock was maintained at $25.
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 Aug 26 ’24 when Nathaniel Ru bought 169,770 shares for $35.77 per share.
Nicolas Jammet bought 169,767 shares of SG for $6,072,875 on Aug 26 ’24. On Aug 26 ’24, another insider, Jonathan Neman, who serves as the Officer of the company, bought 169,772 shares for $35.77 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 4297479680 and an Enterprise Value of 4028218112. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.10 while its Price-to-Book (P/B) ratio in mrq is 8.43. Its current Enterprise Value per Revenue stands at 6.207 whereas that against EBITDA is -100.753.
Stock Price History:
Over the past 52 weeks, SG has reached a high of $38.53, while it has fallen to a 52-week low of $8.64. The 50-Day Moving Average of the stock is 20.11%, while the 200-Day Moving Average is calculated to be 68.93%.
Shares Statistics:
According to the various share statistics, SG traded on average about 3.13M shares per day over the past 3-months and 4087260 shares per day over the past 10 days. A total of 99.70M shares are outstanding, with a floating share count of 91.90M. Insiders hold about 19.48% of the company’s shares, while institutions hold 89.12% stake in the company. Shares short for SG as of 1722384000 were 11296381 with a Short Ratio of 3.61, compared to 1719532800 on 11414738. Therefore, it implies a Short% of Shares Outstanding of 11296381 and a Short% of Float of 15.370000000000001.
