Sweetgreen Inc (NYSE:SG) price closed lower on Friday, April 12, dropping -3.03% below its previous close.
A look at the daily price movement shows that the last close reads $23.44. The company’s 5Y monthly beta was ticking 2.22. Taking into account the 52-week price action we note that the stock hit a 52-week high of $26.45 and 52-week low of $7.25. The stock added 6.36% on its value in the past month.
Sweetgreen Inc, which has a market valuation of $2.57 billion, is expected to release its quarterly earnings report May 09, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give SG a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that SG’s price is at present -5.55% off the SMA20 and 27.04% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.32, with weekly volatility standing at 7.03%. The indicator jumps to 5.31% when calculated based on the past 30 days. Sweetgreen Inc (NYSE:SG)’s beta value is holding at 2.23, while the average true range (ATR) indicator is currently reading 1.28. An analysis of the Sweetgreen Inc (NYSE:SG) stock in terms of its daily trading volume indicates that the 3-month average is 2.37 million.
Current records show that the company has 99.70M in outstanding shares. The insiders’ percentage holdings are 14.74% of outstanding shares while the percentage share held by institutions stands at 76.86%. But the 101.15% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
