For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
After finishing at $21.34 in the prior trading day, Sweetgreen Inc (NYSE: SG) closed at $22.10, up 3.56%. In other words, the price has increased by $3.56 from its previous closing price. On the day, 2.1 million shares were traded. SG stock price reached its highest trading level at $22.69 during the session, while it also had its lowest trading level at $21.77.
Ratios:
Our goal is to gain a better understanding of SG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.99 and its Current Ratio is at 3.01. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.56.
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, Oppenheimer on April 01, 2024, Reiterated its Outperform rating but revised its target price to $34 from $17 previously.
On January 16, 2024, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also lowered its target price recommendation from $14 to $10.
Piper Sandler Upgraded its Neutral to Overweight on July 31, 2023, whereas the target price for the stock was revised from $13 to $19.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 12 ’24 when Reback Mitch sold 29,475 shares for $21.01 per share. The transaction valued at 619,270 led to the insider holds 405,584 shares of the business.
Neman Jonathan sold 58,067 shares of SG for $950,120 on Mar 01 ’24. The CHIEF EXECUTIVE OFFICER now owns 0 shares after completing the transaction at $16.36 per share. On Mar 01 ’24, another insider, Gemperle Adrienne, who serves as the CHIEF PEOPLE OFFICER of the company, sold 4,000 shares for $16.00 each. As a result, the insider received 64,000 and left with 129,407 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 2502250496 and an Enterprise Value of 2542488064. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.29 while its Price-to-Book (P/B) ratio in mrq is 5.16. Its current Enterprise Value per Revenue stands at 4.353 whereas that against EBITDA is -39.955.
Stock Price History:
Over the past 52 weeks, SG has reached a high of $26.45, while it has fallen to a 52-week low of $7.53. The 50-Day Moving Average of the stock is 5.43%, while the 200-Day Moving Average is calculated to be 57.39%.
Shares Statistics:
The stock has traded on average 2.56M shares per day over the past 3-months and 2635920 shares per day over the last 10 days, according to various share statistics. A total of 99.70M shares are outstanding, with a floating share count of 96.62M. Insiders hold about 14.71% of the company’s shares, while institutions hold 77.63% stake in the company. Shares short for SG as of 1713139200 were 11167704 with a Short Ratio of 4.36, compared to 1710460800 on 11997397. Therefore, it implies a Short% of Shares Outstanding of 11167704 and a Short% of Float of 15.5.
