Sweetgreen Inc (SG) concluded trading on Thursday at a closing price of $42.20, with 6.18 million shares of worth about $261.0 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 79.12% during that period and on November 07, 2024 the price saw a gain of about 1.34%. Currently the company’s common shares owned by public are about 99.70M shares, out of which, 92.77M shares are available for trading.
Stock saw a price change of 16.90% in past 5 days and over the past one month there was a price change of 12.41%. Year-to-date (YTD), SG shares are showing a performance of 273.45% which increased to 327.99% 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 $41.65 during that period. The average intraday trading volume for Sweetgreen Inc shares is 3.36 million. The stock is currently trading 11.20% above its 20-day simple moving average (SMA20), while that difference is up 19.11% for SMA50 and it goes to 55.30% higher than SMA200.
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Sweetgreen Inc (NYSE: SG) currently have 99.70M outstanding shares and institutions hold larger chunk of about 82.48% of that.
The stock has a current market capitalization of $4.82B and its 3Y-monthly beta is at 2.35. It has posted earnings per share of -$0.83 in the same period. It has Quick Ratio of 2.70 while making debt-to-equity ratio of 0.66. 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 5.02% while standing at 5.69% over the month.
Stock’s fiscal year EPS is expected to rise by 26.96% while it is estimated to increase by 40.94% 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 TD Cowen on September 04, 2024 offering a Buy rating for the stock and assigned a target price range of between $31 and $43 to it. Coverage by Piper Sandler stated Sweetgreen Inc (SG) stock as a Neutral in their note to investors on August 19, 2024, suggesting a price target of $39 for the stock. On July 17, 2024, UBS Initiated their recommendations, while on July 16, 2024, Morgan Stanley Upgrade their ratings for the stock with a price target of $25. Stock get a Buy rating from Goldman on June 13, 2024.
