While Sweetgreen Inc has overperformed by 0.91%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SG rose by 198.43%, with highs and lows ranging from $45.12 to $9.66, whereas the simple moving average jumped by 1.99% in the last 200 days.
On December 11, 2024, KeyBanc Capital Markets started tracking Sweetgreen Inc (NYSE: SG) recommending Sector Weight. A report published by Goldman on November 08, 2024, Downgraded its rating to ‘Neutral’ for SG. TD Cowen also Upgraded SG shares as ‘Buy’, setting a target price of $43 on the company’s shares in a report dated September 04, 2024. Piper Sandler August 19, 2024d the rating to Neutral on August 19, 2024, and set its price target from $33 to $39. UBS initiated its ‘Buy’ rating for SG, as published in its report on July 17, 2024. Morgan Stanley’s report from July 16, 2024 suggests a price prediction of $25 for SG shares, giving the stock a ‘Equal-Weight’ rating. Goldman also rated the stock as ‘Buy’.
Analysis of Sweetgreen Inc (SG)
Further, the quarter-over-quarter increase in sales is 13.04%, showing a positive trend in the upcoming months.
One of the most important indicators of Sweetgreen Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. 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.
For any stock, average volume can also provide valuable insight into volatility, and SG is recording 2.85M average volume. On a monthly basis, the volatility of the stock is set at 6.21%, whereas on a weekly basis, it is put at 6.59%, with a gain of 0.53% over the past seven days. Furthermore, long-term investors anticipate a median target price of $41.20, showing growth from the present price of $32.23, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 17.57%. 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 88.29% 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 88.29% at present.
