Spotting A Winner: Cava Group Inc (NYSE: CAVA) Retreats -7.61 And It Still Have Room To Run

Cava Group Inc (NYSE:CAVA) currently has a daily average trading volume of 2.90M but it saw 7777291 shares traded in last market. With a market cap of 9.70B USD, the company’s current market price of $85.04 came falling about -7.61 while comparing to the previous closing price of $92.04. In past 52 weeks, the stock remained buoying in the range of price level as high as $96.93 and as low as $29.05.

Taking a look at 20-day trading activity of Cava Group Inc (CAVA) gives us an average price of $82.51, while its current price level is -12.27% below from 52-week high level whereas it is 192.74% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $72.61 while that of 200 days or SMA-200 reads an average of $50.07. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.52% during that period while stretching the period over a month that decreases to 6.00%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 56.53 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the JP Morgan which downgraded the stock as “Neutral” in its note to investors issued on June 03, 2024, recommending a price target of $77 for it. Piper Sandler downgraded its recommendation for the stock as a “Neutral” from “Overweight” on May 30, 2024 while assigning a price target range of $63-$92. Barclays issued its recommendations for the stock as it initiated the price target for the stock is $58.

Over the week, CAVA’s stock price is moving -8.71% down while it is 14.55% when we observe its performance for the past one month. Year-to-date it is 97.86% up and over the past year.

Currently, Cava Group Inc’s total number of outstanding shares is 113.58M. Company’s return on investment (ROI) stands at 3.29% and return on equity (ROE) at 7.43%. It has a price to earnings ratio (P/E ratio) of 334.28 while having a 194.73 of forward P/E ratio. Stock’s beta reads 3.40. Stock has a price to book (P/B) ratio of 16.69 while price to sale or P/S ratio amounts to 12.36. Its return on asset (ROA) is 3.50% on average.