Do Investors Have Much Faith In Sweetgreen Inc (NYSE: SG)

Sweetgreen Inc (NYSE:SG) does about 2.83M shares in volume on a normal day but saw 3382012 shares change hands in Friday’s trading. The company now has a market cap of 3.66B USD. Its current market price is $32.31, marking a decrease of -6.27% compared to the previous close of $34.47. The 52 week high reached by this stock is $36.00 whilst the lowest price level in 52 weeks is $8.64.

Sweetgreen Inc (SG) has a 20-day trading average at $31.84 and the current price is -10.25% off the 52-week high compared with 273.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $26.43 and its 200-day simple moving average is $15.99. If we look at the stock’s price movements over the week, volatility stands at 10.57%, which decreases to 7.75% 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 58.30 to suggest the stock is neutral.

The consensus objective for the share price is $31.38, suggesting that the stock has a potential downside of -2.96% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 01, 2024 when Oppenheimer reiterated the stock to “Outperform” and issued a price target of between $17 and $34. Morgan Stanley downgraded the stock to “Underweight” from Equal-Weight on January 16, 2024 at a price target of $14-$10. Piper Sandler upgraded its price target at $13-$19.

Sweetgreen Inc (SG) stock is up 5.07% over the week and 38.97% over the past month. Its price is 185.93% year-to-date and 203.10% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -2.96 percent from here.

The company has a return on investment of -14.25% and return on equity of -21.31%. The beta has a value of 2.36. Price to book ratio is 7.78 and price to sales ratio is 5.94.