While Sweetgreen Inc has underperformed by -1.08%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SG rose by 336.71%, with highs and lows ranging from $42.77 to $8.64, whereas the simple moving average jumped by 42.96% in the last 200 days.
On November 08, 2024, Goldman Downgraded Sweetgreen Inc (NYSE: SG) to Neutral. A report published by TD Cowen on September 04, 2024, Upgraded its rating to ‘Buy’ for SG. Piper Sandler also Downgraded SG shares as ‘Neutral’, setting a target price of $39 on the company’s shares in a report dated August 19, 2024. UBS Initiated an Buy rating on July 17, 2024, and assigned a price target of $31. Morgan Stanley July 16, 2024d its ‘Underweight’ rating to ‘Equal-Weight’ for SG, as published in its report on July 16, 2024. Goldman’s report from June 13, 2024 suggests a price prediction of $39 for SG shares, giving the stock a ‘Buy’ rating. Oppenheimer also rated the stock as ‘Outperform’.
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Analysis of Sweetgreen Inc (SG)
Further, the quarter-over-quarter increase in sales is 13.04%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Sweetgreen Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -18.42% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.57, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 3.51M can be a very valuable indicator of volatility for SG stock. On a monthly basis, the volatility of the stock is set at 6.20%, whereas on a weekly basis, it is put at 7.89%, with a gain of 3.18% over the past seven days. Furthermore, long-term investors anticipate a median target price of $41.60, showing growth from the present price of $39.26, which can serve as yet another indication of whether SG is worth investing in or should be passed over.
How Do You Analyze Sweetgreen Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 18.65%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 82.85% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SG shares are owned by institutional investors to the tune of 82.85% at present.
