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The price of Sweetgreen Inc (NYSE: SG) closed at $38.02 in the last session, up 5.32% from day before closing price of $36.10. In other words, the price has increased by $5.32 from its previous closing price. On the day, 2.54 million shares were traded. SG stock price reached its highest trading level at $38.24 during the session, while it also had its lowest trading level at $35.8701.
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, TD Cowen on September 04, 2024, Upgraded its rating to Buy and sets its target price to $43 from $31 previously.
On August 19, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also upped its target price recommendation from $33 to $39.
On July 17, 2024, UBS started tracking the stock assigning a Buy rating and target price of $31.UBS initiated its Buy rating on July 17, 2024, with a $31 target price.
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 Oct 28 ’24 when Ru Nathaniel sold 1,263 shares for $40.01 per share. The transaction valued at 50,533 led to the insider holds 1,952,129 shares of the business.
Ru Nathaniel sold 1,009 shares of SG for $40,370 on Oct 28 ’24. The Chief Brand Officer now owns 0 shares after completing the transaction at $40.01 per share. On Oct 28 ’24, another insider, Neman Jonathan, who serves as the CHIEF EXECUTIVE OFFICER of the company, sold 1,263 shares for $40.01 each. As a result, the insider received 50,533 and left with 1,930,228 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 4339717120 and an Enterprise Value of 4406029824. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.04 while its Price-to-Book (P/B) ratio in mrq is 9.23. Its current Enterprise Value per Revenue stands at 6.79 whereas that against EBITDA is -110.203.
Stock Price History:
Over the past 52 weeks, SG has reached a high of $40.20, while it has fallen to a 52-week low of $8.64. The 50-Day Moving Average of the stock is 8.65%, while the 200-Day Moving Average is calculated to be 43.07%.
Shares Statistics:
According to the various share statistics, SG traded on average about 3.38M shares per day over the past 3-months and 2351830 shares per day over the past 10 days. A total of 99.70M shares are outstanding, with a floating share count of 92.77M. Insiders hold about 18.73% of the company’s shares, while institutions hold 83.02% stake in the company. Shares short for SG as of 1728950400 were 16803269 with a Short Ratio of 4.96, compared to 1726185600 on 16837007. Therefore, it implies a Short% of Shares Outstanding of 16803269 and a Short% of Float of 22.870001000000002.
