Sprouts Farmers Market Inc (NASDAQ:SFM) does about 1.31M shares in volume on a normal day but saw 863433 shares change hands in Tuesday trading. The company now has a market cap of 6.30B USD. Its current market price is $62.29, marking a decrease of -0.05% compared to the previous close of $62.32. The 52 week high reached by this stock is $65.53 whilst the lowest price level in 52 weeks is $32.12.
Sprouts Farmers Market Inc (SFM) has a 20-day trading average at $63.20 and the current price is -4.94% off the 52-week high compared with 93.93% distance from its 52-week low. The 50-day simple moving average of the closing price is $60.05 and its 200-day simple moving average is $47.10. If we look at the stock’s price movements over the week, volatility stands at 2.59%, which decreases to 2.08% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.47 to suggest the stock is neutral.
The consensus objective for the share price is $56.84, suggesting that the stock has a potential downside of -9.59% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 27, 2024 when BofA Securities upgraded the stock to “Buy” and issued a price target of between $30 and $70. Evercore ISI also upgraded the stock to “In-line” from Underperform on January 04, 2024 at a price target of $40-$45. Goldman upgraded its price target at $37-$49.
Sprouts Farmers Market Inc (SFM) stock is down -1.22% over the week and -3.47% over the past month. Its price is 29.47% year-to-date and 88.05% over the past year.
To reach the target analysts have set, the stock logically needs to shrink -9.59 percent from here.
The company has a return on investment of 9.65% and return on equity of 23.59%. The price to earnings ratio (P/E ratio) amounts to 24.89 while the forward price to earnings ratio is 19.88. The beta has a value of 0.51. Price to book ratio is 5.49 and price to sales ratio is 0.92.
