The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Sweetgreen Inc (NYSE: SG) was $36.50 for the day, up 1.87% from the previous closing price of $35.83. In other words, the price has increased by $1.87 from its previous closing price. On the day, 1.76 million shares were traded. SG stock price reached its highest trading level at $37.1399 during the session, while it also had its lowest trading level at $35.7.
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, 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:
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 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 4166219520 and an Enterprise Value of 4232533248. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.42 while its Price-to-Book (P/B) ratio in mrq is 8.86. Its current Enterprise Value per Revenue stands at 6.522 whereas that against EBITDA is -105.864.
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 19.51%, while the 200-Day Moving Average is calculated to be 59.84%.
Shares Statistics:
SG traded an average of 3.40M shares per day over the past three months and 3027610 shares per day over the past ten 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 1724976000 were 14574719 with a Short Ratio of 4.28, compared to 1722384000 on 11296381. Therefore, it implies a Short% of Shares Outstanding of 14574719 and a Short% of Float of 19.830000000000002.
