In the last trading session, 2.47 million shares of the Cava Group Inc (NYSE:CAVA) were traded. Most recently the company’s share price was $76.39, and it changed around -$2.68 or -3.39% from the last close, which brings the market valuation of the company to $8.71B. CAVA currently trades at a discount to its 52-week high of $80.33, offering almost -5.16% off that amount. The share price’s 52-week low was $29.05, which indicates that the current value has risen by an impressive 61.97% since then. We note from Cava Group Inc’s average daily trading volume that its 3-month average coming to 2.54 million.
Cava Group Inc (NYSE:CAVA) trade information
Instantly CAVA has showed a red trend with a performance of -3.39% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 77.73% year-to-date, but still up 2.80% over the last five days. On the other hand, Cava Group Inc (NYSE:CAVA) is 19.83% up in the 30-day period.
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The consensus price target as assigned by Wall Street analysts is $56.33, which translates to bulls needing to decrease their stock price by -35.61% from its current value. Analyst projections state that CAVA is forecast to be at a low of $41 and a high of $70.
Cava Group Inc (CAVA) estimates and forecasts
Cava Group Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 142.28 percent over the past six months and at a 19.05% annual growth rate that is well above the industry average of 9.00%. The year-over-year growth rate is expected to be 19.90%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of $243.62 million in revenue for the current quarter. 12 analysts expect Cava Group Inc to make $212.78 million in revenue for the quarter ending Jun 2024. The company’s sales for a year ago were $172.89 million respectively. Forecasts for the next quarter put sales growth at 23.10%.
Cava Group Inc earnings are expected to increase by 13.34% in 2024, but the outlook is positive 32.10% per year for the next five years.
