Sweetgreen Inc (NYSE:SG) shares, rose in value, with the stock price down by -2.38% to the previous day’s close as strong demand from buyers drove the stock to $21.72.
Actively observing the price movement in the last trading, the stock closed the session at $22.25. Referring to stock’s 52-week performance, its high was $26.45, and the low was $7.25. On the whole, SG has fluctuated by -15.16% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SG currently trading nearly -6.05% and 11.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.15, while the 7-day volatility ratio is showing 5.34% which for the 30-day chart, stands at 5.77%. Furthermore, Sweetgreen Inc (SG)’s beta value is 2.24, and its average true range (ATR) is 1.26.
A comparison of Sweetgreen Inc (SG) with its peers suggests the former has fared considerably weaker in the market. SG showed an intraday change of -2.38% in last session, and over the past year, it grew by 189.99%%.
Data on historical trading for Sweetgreen Inc (NYSE:SG) indicates that the trading volumes over the past 3 months, they’ve averaged 2.35 million. According to company’s latest data on outstanding shares, there are 99.70 million shares outstanding.
Nearly 14.71% of Sweetgreen Inc’s shares belong to company insiders and institutional investors own 77.24% of the company’s shares. The stock has risen by 92.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SG stock heading into the next quarter.
