Sprouts Farmers Market Inc (SFM): The Latest Casualty Of Increased Volatility?

Sprouts Farmers Market Inc (NASDAQ:SFM) does about 1.48M shares in volume on a normal day but saw 1149381 shares change hands in Tuesday’s trading. The company now has a market cap of 7.71B USD. Its current market price is $76.74, marking an increase of 0.85% compared to the previous close of $76.09. The 52 week high reached by this stock is $77.17 whilst the lowest price level in 52 weeks is $32.12.

Sprouts Farmers Market Inc (SFM) has a 20-day trading average at $69.56 and the current price is -0.56% off the 52-week high compared with 138.92% distance from its 52-week low. The 50-day simple moving average of the closing price is $65.75 and its 200-day simple moving average is $50.23. If we look at the stock’s price movements over the week, volatility stands at 1.75%, which increases to 2.52% 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 78.81 to suggest the stock is overbought.

The consensus objective for the share price is $65.15, suggesting that the stock has a potential downside of -17.79% 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 up 2.63% over the week and 23.14% over the past month. Its price is 59.51% year-to-date and 105.46% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -17.79 percent from here.

The company has a return on investment of 10.66% and return on equity of 26.24%. The price to earnings ratio (P/E ratio) amounts to 26.51 while the forward price to earnings ratio is 23.02. The beta has a value of 0.49. Price to book ratio is 6.39 and price to sales ratio is 1.10.