In the last trading session, 2.65 million shares of the Sweetgreen Inc (NYSE:SG) were traded, and its beta was 2.29. Most recently the company’s share price was $25.87, and it changed around $1.32 or 5.38% from the last close, which brings the market valuation of the company to $2.93B. SG currently trades at a discount to its 52-week high of $36.72, offering almost -41.94% off that amount. The share price’s 52-week low was $8.64, which indicates that the current value has risen by an impressive 66.6% since then. We note from Sweetgreen Inc’s average daily trading volume that its 10-day average is 2.85 million shares, with the 3-month average coming to 3.03 million.
Sweetgreen Inc (NYSE:SG) trade information
Instantly SG has showed a green trend with a performance of 5.38% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 28.97 on recent trading dayincreased the stock’s daily price by 10.7%. The company’s shares are currently up 128.94% year-to-date, but still down -3.83% over the last five days. On the other hand, Sweetgreen Inc (NYSE:SG) is -0.69% down in the 30-day period. We can see from the shorts that 12.58 million shares have been sold at a short interest cover period of 4.88 day(s).
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The consensus price target as assigned by Wall Street analysts is $31, which translates to bulls needing to increase their stock price by 16.55% from its current value. Analyst projections state that SG is forecast to be at a low of $12 and a high of $45.
Sweetgreen Inc (SG) estimates and forecasts
Sweetgreen 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 139.09 percent over the past six months and at a 24.74% annual growth rate that is well above the industry average of 9.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 47.40% in revenue this quarter, and will report an increase of 33.30% in the next quarter. The year-over-year growth rate is expected to be 15.40%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 180.78M in revenue for the current quarter. 10 analysts expect Sweetgreen Inc to make 174.35M in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 15.40%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -12.71%. Sweetgreen Inc earnings are expected to increase by 39.24% in 2024, but the outlook is positive 27.00% per year for the next five years.
Sweetgreen Inc (NYSE:SG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.11% of Sweetgreen Inc shares, and 92.87% of them are in the hands of institutional investors. The stock currently has a share float of 95.85%. Sweetgreen Inc stock is held by 288.0 institutions, with FMR LLC being the largest institutional investor. By 2024-03-31, it held 13.1358% of the shares, which is about 14.7 million shares worth $371.32 million.
BAILLIE GIFFORD & CO, with 10.3698% or 11.6 million shares worth $293.13 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
