After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Sweetgreen Inc (SG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.14, or -1.42%, to $9.70. The Sweetgreen Inc has recorded 52,872 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Sweetgreen, Inc. Announces Third Quarter 2023 Financial Results.
Stocks Info
The company is listed on the NYSE and operates within the Restaurants industry segment. At the end of the last regular session, the stock closed at $9.84 and fluctuated between $9.99 as its day high and $9.72 as its day low. The current market capitalization of Sweetgreen Inc is $1.11B. A total of 1.61 million shares were traded on the day, compared to an average of 1.48M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SG has seen 2 BUY and 5 SELL insider trades, representing the acquisition of 121,091 and the disposition of 150,814 shares. Over the last 12 months, there were 20 BUYs and 29 SELLs from insiders. Insiders purchased 759,473 shares during that period but sold 732,673.
In the most recent transaction, Ru Nathaniel sold 25,000 shares of SG for 10.89 per share on Oct 20. After the transaction, the Chief Brand Officer now owns 0 company shares. In a previous transaction on Oct 20, Neman Jonathan sold 5,000 shares at 10.88 per share. SG shares that Chief Executive Officer owns now total 0.
Among the insiders who sold shares, Ru Nathaniel disposed of 40,373 shares on Oct 09 at a per-share price of $11.36. This resulted in the Chief Brand Officer holding 0 shares of SG after the transaction. In another insider transaction, Neman Jonathan sold 5,000 shares at $11.33 per share on Oct 09. Company shares held by the Chief Executive Officer now total 0.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SG in the last 3 months, the mean price target is $14.13 with high estimates of $16.00 and low estimates of $12.00. In terms of 52-week highs and lows, SG has a high of $16.58 and a low of $6.10.
As of this writing, SG has an earnings estimate of -$0.21 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.13 per share and a lower estimate of -$0.32. The company reported an EPS of -$0.19 in the last quarter, which was -18.80% lower than expectations of -$0.16.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SG’s latest balance sheet shows that the firm has $471.97M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $4.45, while its Total Shareholder’s Equity was $653.12M.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SG is Buy with a score of 4.22.
