Cava Group Inc (CAVA) concluded trading on Wednesday at a closing price of $48.51, with 4.24 million shares of worth about $205.56 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.36% during that period and on Wednesday the price saw a loss of about -10.47%. Currently the company’s common shares owned by public are about 111.39M shares, out of which, 85.88M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 51 times over the past 12 months. They bought 56,798,665 shares in 48 of the transactions. In 3 selling transactions, insiders dumped 47,752 shares.
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However, the stock later moved at a day high price of 51.25, or with a loss of -10.47%. Stock saw a price change of -8.85% in past 5 days and over the past one month there was a price change of 1.36%. Over the period of past 52 weeks, stock dropped to lowest price of $29.05 but also hit the highest price of $58.10 during that period. The average intraday trading volume for Cava Group Inc shares is 2.04 million. The stock is currently trading -3.81% below its 20-day simple moving average (SMA20), while that difference is up 7.60% for SMA50 and it goes to 18.33% higher than SMA200.
Cava Group Inc (NYSE: CAVA) currently have 111.39M outstanding shares and institutions hold larger chunk of about 70.34% of that.
The stock has a current market capitalization of $5.51B. It has posted earnings per share of -$0.07 in the same period. It has Quick Ratio of 3.17 while making debt-to-equity ratio of 0.61. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CAVA, volatility over the week remained 3.99% while standing at 4.14% over the month.
Analysts are in expectations that Cava Group Inc (CAVA) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is -$0.01 and it is $0.16 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.04 which is $0.03 at the higher side of the target for the same.
Coverage by Wedbush stated Cava Group Inc (CAVA) stock as an Outperform in their note to investors on December 21, 2023, suggesting a price target of $48 for the stock. Stock get an Overweight rating from Morgan Stanley on October 11, 2023.
