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The price of Sweetgreen Inc (NYSE: SG) closed at $35.95 in the last session, up 2.86% from day before closing price of $34.95. In other words, the price has increased by $2.86 from its previous closing price. On the day, 3.56 million shares were traded. SG stock price reached its highest trading level at $36.79 during the session, while it also had its lowest trading level at $34.6.
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 Sep 13 ’24 when Jammet Nicolas sold 21,275 shares for $35.10 per share. The transaction valued at 746,752 led to the insider holds 1,930,233 shares of the business.
Jammet Nicolas sold 17,020 shares of SG for $597,402 on Sep 13 ’24. The Chief Concept Officer now owns 0 shares after completing the transaction at $35.10 per share. On Sep 13 ’24, another insider, Ru Nathaniel, who serves as the Chief Brand Officer of the company, sold 21,275 shares for $35.08 each. As a result, the insider received 746,327 and left with 1,952,129 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 4103440896 and an Enterprise Value of 4169754880. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.32 while its Price-to-Book (P/B) ratio in mrq is 8.73. Its current Enterprise Value per Revenue stands at 6.425 whereas that against EBITDA is -104.293.
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 15.50%, while the 200-Day Moving Average is calculated to be 54.85%.
Shares Statistics:
According to the various share statistics, SG traded on average about 3.40M shares per day over the past 3-months and 2579440 shares per day over the past 10 days. A total of 99.70M shares are outstanding, with a floating share count of 92.69M. Insiders hold about 18.79% of the company’s shares, while institutions hold 82.55% stake in the company. Shares short for SG as of 1726185600 were 16837007 with a Short Ratio of 4.95, compared to 1723680000 on 13040209. Therefore, it implies a Short% of Shares Outstanding of 16837007 and a Short% of Float of 22.91.
