Cava Group Inc (CAVA) Reports -4.91% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Cava Group Inc (NYSE:CAVA) does about 2.54M shares in volume on a normal day but saw 2466812 shares change hands in Monday’s trading. The company now has a market cap of 8.71B USD. Its current market price is $76.39, marking a decrease of -3.39% compared to the previous close of $79.07. The 52 week high reached by this stock is $80.33 whilst the lowest price level in 52 weeks is $29.05.

Cava Group Inc (CAVA) has a 20-day trading average at $68.12 and the current price is -4.91% off the 52-week high compared with 162.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $66.01 and its 200-day simple moving average is $47.21. If we look at the stock’s price movements over the week, volatility stands at 4.69%, which increases to 5.32% 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 64.63 to suggest the stock is neutral.

The consensus objective for the share price is $65.49, suggesting that the stock has a potential downside of -16.64% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 15, 2024 when Barclays initiated the stock to “Equal Weight” and issued a price target of $58. Argus upgraded the stock to “Buy” from Hold on April 10, 2024 at a price target of $70.

Cava Group Inc (CAVA) stock is up 2.80% over the week and 19.83% over the past month. Its price is 77.73% year-to-date.

To reach the target analysts have set, the stock logically needs to shrink -16.64 percent from here.

The company has a return on investment of 1.52% and return on equity of 3.39%. The price to earnings ratio (P/E ratio) amounts to 653.46 while the forward price to earnings ratio is 237.08. Price to book ratio is 15.20 and price to sales ratio is 11.95.