Sweetgreen Inc (SG) concluded trading on Wednesday at a closing price of $23.99, with 4.48 million shares of worth about $107.42 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 122.13% during that period and on July 10, 2024 the price saw a loss of about -1.72%. Currently the company’s common shares owned by public are about 99.70M shares, out of which, 90.60M shares are available for trading.
Stock saw a price change of -14.23% in past 5 days and over the past one month there was a price change of -25.75%. Year-to-date (YTD), SG shares are showing a performance of 112.30% which increased to 56.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.64 but also hit the highest price of $36.72 during that period. The average intraday trading volume for Sweetgreen Inc shares is 2.84 million. The stock is currently trading -19.36% below its 20-day simple moving average (SMA20), while that difference is down -17.81% for SMA50 and it goes to 36.19% higher than SMA200.
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Sweetgreen Inc (NYSE: SG) currently have 99.70M outstanding shares and institutions hold larger chunk of about 78.52% of that.
The stock has a current market capitalization of $2.72B and its 3Y-monthly beta is at 2.28. It has posted earnings per share of -$0.94 in the same period. It has Quick Ratio of 3.00 while making debt-to-equity ratio of 0.65. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SG, volatility over the week remained 6.78% while standing at 6.33% over the month.
Stock’s fiscal year EPS is expected to rise by 40.30% while it is estimated to increase by 24.78% in next year. EPS is likely to grow at an annualized rate of 27.00% for next 5-years, compared to annual growth of -12.71% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on June 13, 2024 offering a Buy rating for the stock and assigned a target price of $39 to it. Coverage by Oppenheimer stated Sweetgreen Inc (SG) stock as an Outperform in their note to investors on April 01, 2024, suggesting a price target of $34 for the stock. On January 16, 2024, Morgan Stanley Downgrade their recommendations, while on July 31, 2023, Piper Sandler Upgrade their ratings for the stock with a price target of $19. Stock get a Buy rating from BofA Securities on July 06, 2023.
