Sweetgreen Inc (NYSE:SG) shares traded -7.05% lower at $30.72 on Wall Street last session.
SG stock price is now -11.86% away from the 50-day moving average and -5.23% away from the 200-day moving average. The market capitalization of the company currently stands at $3.55B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $44 to $49, Citigroup Upgraded its rating from Neutral to Buy for Sweetgreen Inc (NYSE: SG). , while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Reback Mitch, CHIEF FINANCIAL OFFICER sold 8,000 shares of the company’s stock on Jan 15 ’25. The stock was sold for $265,072 at an average price of $33.13. Upon completion of the transaction, the CHIEF FINANCIAL OFFICER now directly owns 350,981 shares in the company, valued at $10.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 15 ’25, Officer MITCHELL C REBACK bought 24,000 shares of the business’s stock. A total of $785,760 was incurred on buying the stock at an average price of $32.74. A total of 17.57% of the company’s stock is owned by insiders.
During the past 12 months, Sweetgreen Inc has had a low of $10.73 and a high of $45.12. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 2.59, and a quick ratio of 2.57. The fifty day moving average price for SG is $35.0644 and a two-hundred day moving average price translates $32.3643 for the stock.
The latest earnings results from Sweetgreen Inc (NYSE: SG) was released for 2024-09-29. The net profit margin was -13.27% and return on equity was -18.42% for SG. The company reported revenue of $173.43 million for the quarter, compared to $153.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.04 percent. For the current quarter, analysts expect SG to generate $162.78M in revenue.
