Are Analysts Too Bullish On Sweetgreen Inc (SG)

Sweetgreen Inc (NYSE:SG) currently has a daily average trading volume of 2.82M but it saw 2045857 shares traded in last market. With a market cap of 3.71B USD, the company’s current market price of $32.09 came rising about 0.09 while comparing to the previous closing price of $32.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $45.12 and as low as $9.66. In the recent trading on the day, stock has struck highest price mark of $31.11 while lowest mark touched by it was $32.65.

Taking a look at 20-day trading activity of Sweetgreen Inc (SG) gives us an average price of $35.52, while its current price level is -28.88% below from 52-week high level whereas it is 232.19% 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 $37.41 while that of 200 days or SMA-200 reads an average of $31.43. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.76% during that period while stretching the period over a month that increases to 5.87%. 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 38.17 which implies that the stock is in neutral territory.

Goldman downgraded its recommendation for the stock as a “Neutral” from “Buy” on November 08, 2024 while assigning a price target of $40. TD Cowen issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $31 and $43.

Over the week, SG’s stock price is moving -3.66% down while it is -18.20% when we observe its performance for the past one month. Year-to-date it is 0.09% up and over the past year, the stock is showing an upside performance of 189.88%.

Currently, Sweetgreen Inc’s total number of outstanding shares is 103.36M. Company’s return on investment (ROI) stands at -11.94% and return on equity (ROE) at -18.42%. Stock’s beta reads 2.39. Stock has a price to book (P/B) ratio of 8.01 while price to sale or P/S ratio amounts to 5.55. Its return on asset (ROA) is -10.21% on average.