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Why should you keep an eye on Sweetgreen Inc (SG)?

Sweetgreen Inc (NYSE: SG) is 116.02% higher on its value in year-to-date trading and has touched a low of $8.64 and a high of $36.72 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SG stock was last observed hovering at around $26.05 in the last trading session, with the day’s loss setting it -1.64%.

Currently trading at $24.41, the stock is -19.03% and -16.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.97 million and changing -6.30% at the moment leaves the stock 39.06% off its SMA200. SG registered 59.02% gain for a year compared to 6-month gain of 135.16%.

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The stock witnessed a -29.18% loss in the last 1 month and extending the period to 3 months gives it a -2.87%, and is -16.77% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.60% over the week and 6.62% over the month.

Sweetgreen Inc (SG) has around 6186 employees, a market worth around $2.77B and $616.83M in sales. Profit margin for the company is -17.15%. Distance from 52-week low is 182.52% and -33.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.25%).

The EPS is expected to grow by 40.30% this year.

Sweetgreen Inc (SG) Top Institutional Holders

The shares outstanding are 99.70M, and float is at 90.60M with Short Float at 12.30%.

Sweetgreen Inc (SG) Insider Activity

The most recent transaction is an insider sale by Ru Nathaniel,the company’sChief Brand Officer. SEC filings show that Ru Nathaniel sold 150,000 shares of the company’s common stock on Jun 05 ’24 at a price of $30.50 per share for a total of $4.58 million. Following the sale, the insider now owns 2.12 million shares.

Sweetgreen Inc disclosed in a document filed with the SEC on Jun 05 ’24 that Jammet Nicolas (Chief Concept Officer) sold a total of 150,000 shares of the company’s common stock. The trade occurred on Jun 05 ’24 and was made at $30.50 per share for $4.58 million. Following the transaction, the insider now directly holds 2.1 million shares of the SG stock.

Still, SEC filings show that on Jun 05 ’24, Neman Jonathan (CHIEF EXECUTIVE OFFICER) disposed off 150,000 shares at an average price of $30.50 for $4.58 million. The insider now directly holds 2,100,000 shares of Sweetgreen Inc (SG).

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