Sweetgreen Inc (NYSE:SG) traded at $24.52 at close of the session on Friday, April 26, made an upward move of 7.73% on its previous day’s price.
Looking at the stock we see that its previous close was $22.76 . In terms of its 52-week price range, SG has a high of $26.45 and a low of $7.35. The company’s stock has lost about -3.77% over that past 30 days.
Sweetgreen Inc has a market cap of $2.78 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.17, with the EPS growth for the year raised at -$0.5 for 2024 and -$0.38 for next year. These figures represent 46.80% and 24.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $151.62 million, with a low of $150 million and a high of $153 million. The median projection represents growth squeezing down to 21.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $666.32 million, or 14.10% up from figures reported last year.
On the other hand, looking at the outlook for the SG stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 7.32% off its SMA20 and 23.24% from its 50-day simple moving average. The RSI (14) is pointing at 62.70 while the volatility over the past week is 7.65% and jumps to 6.21% over the past one month. The beta value is 2.22, while the average true range (ATR) is currently pointing at 1.39.
Coming back to Sweetgreen Inc (NYSE:SG), we note that the average 3-month trading volume was 2.38 million. Current shares outstanding are 99.70 million.
The insiders hold 14.71% of the company’s shares while institutions hold 77.24%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 116.99% up in year-to-date price movement.
