SniperInWood
:
Risk Level: 7 (High) The risk level of investing in Sweetgreen is relatively high, scored at 7/10 , given the current analysis. The key factors contributing to this are the lack of profitability and the negative sentiment from recent insider selling. Additionally, the stock's fundamentals show a significant negative EPS and operating income, which could deter traders looking for stable earnings. The company operates in a sector that isn't particularly highlighted as hot, which lowers its attractiveness as a strong growth opportunity. These factors combined mean that potential investors should be wary of significant capital allocation into this position. Support and Resistance Levels Support Level: $39 - Clear support was established during consolidation following the breakout. Resistance Level: $44.75 - The most recent 52-week high. Breakout Level: $42.77 - Key breakout observed, confirming a potential entry point. Trading Strategy Given the current worksheet score of 4.45/10, it is advisable to refrain from trading Sweetgreen at this time. The score indicates a poor trading opportunity, and therefore, allocating capital to this stock may not yield the desired risk-reward ratio. Instead, investors should consider waiting for further developments that could raise the overall viability score, such as positive earnings, improved company performance, or favorable sectoral changes.
Traded$Amazon (AMZN.US)$yesterday to bet on good earnings and turned out to be a good one. Good job on their ecommerce profit margin Same goes with$Shake Shack (SHAK.US)$few days ago. Good earnings definitely can boost your entire portfolio.
$Sweetgreen (SG.US)$ They have tons of locations all over USA. I was surprised to find some even up here in the north. Grab a dip and enjoy the ride. They are still growing rapidly with 24-26 new stores in 2024. They also intend to open 9 automated locations to address labor costs.
Sweetgreen Stock Forum
Same goes with $Shake Shack (SHAK.US)$ few days ago.
Good earnings definitely can boost your entire portfolio.
$Sweetgreen (SG.US)$
They have tons of locations all over USA. I was surprised to find some even up here in the north.
Grab a dip and enjoy the ride. They are still growing rapidly with 24-26 new stores in 2024. They also intend to open 9 automated locations to address labor costs.
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