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The closing price of Sweetgreen Inc (NYSE: SG) was $34.82 for the day, down -6.82% from the previous closing price of $37.37. In other words, the price has decreased by -$6.82 from its previous closing price. On the day, 4.08 million shares were traded. SG stock price reached its highest trading level at $36.77 during the session, while it also had its lowest trading level at $34.36.
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 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 Aug-20-24, 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:
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 Aug 16 ’24 when Mitch Reback bought 9,156 shares for $36.31 per share.
Adrienne Gemperle bought 3,868 shares of SG for $140,448 on Aug 16 ’24. On Aug 16 ’24, another insider, Wouleta Ayele, who serves as the Officer of the company, bought 2,831 shares for $36.31 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 4265519616 and an Enterprise Value of 4040773632. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.05 while its Price-to-Book (P/B) ratio in mrq is 8.45. Its current Enterprise Value per Revenue stands at 6.227 whereas that against EBITDA is -101.067.
Stock Price History:
Over the past 52 weeks, SG has reached a high of $37.88, while it has fallen to a 52-week low of $8.64. The 50-Day Moving Average of the stock is 21.18%, while the 200-Day Moving Average is calculated to be 74.71%.
Shares Statistics:
SG traded an average of 3.07M shares per day over the past three months and 5297470 shares per day over the past ten days. A total of 99.70M shares are outstanding, with a floating share count of 90.58M. Insiders hold about 19.71% of the company’s shares, while institutions hold 90.30% stake in the company. Shares short for SG as of 1722384000 were 11296381 with a Short Ratio of 3.68, compared to 1719532800 on 11414738. Therefore, it implies a Short% of Shares Outstanding of 11296381 and a Short% of Float of 15.370000000000001.
