A new trading day began on Friday, with Cava Group Inc (NYSE: CAVA) stock price down -1.52% from the previous day of trading, before settling in for the closing price of $133.56. CAVA’s price has ranged from $29.66 to $141.25 over the past 52 weeks.
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A company in the Consumer Cyclical sector has jumped its sales by 20.99% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 103.94%. With a float of $96.09 million, this company’s outstanding shares have now reached $113.58 million.
In an organization with 8460 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 18.59%, operating margin of 5.43%, and the pretax margin is 5.19%.
Cava Group Inc (CAVA) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Restaurants Industry. The insider ownership of Cava Group Inc is 15.96%, while institutional ownership is 67.67%. The most recent insider transaction that took place on Sep 16 ’24, was worth 122,450. In this transaction Director of this company sold 1,000 shares at a rate of $122.45, taking the stock ownership to the 3,807 shares. Before that another transaction happened on Sep 16 ’24, when Company’s Director proposed sale 1,000 for $122.45, making the entire transaction worth $122,449.
Cava Group Inc (CAVA) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.06 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 103.94% per share during the next fiscal year.
Cava Group Inc (NYSE: CAVA) Trading Performance Indicators
Here are Cava Group Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.93. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 17.52. Likewise, its price to free cash flow for the trailing twelve months is 1336.47.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.36, a number that is poised to hit 0.11 in the next quarter and is forecasted to reach 0.52 in one year’s time.
Technical Analysis of Cava Group Inc (CAVA)
Let’s dig in a bit further. During the last 5-days, its volume was 1.93 million. That was inferior than the volume of 2.7 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 16.63%. Additionally, its Average True Range was 4.08.
During the past 100 days, Cava Group Inc’s (CAVA) raw stochastic average was set at 85.94%, which indicates a significant increase from 25.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.84% in the past 14 days, which was lower than the 48.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $126.81, while its 200-day Moving Average is $86.56. However, in the short run, Cava Group Inc’s stock first resistance to watch stands at $134.43. Second resistance stands at $137.33. The third major resistance level sits at $139.80. If the price goes on to break the first support level at $129.07, it is likely to go to the next support level at $126.60. Assuming the price breaks the second support level, the third support level stands at $123.70.
Cava Group Inc (NYSE: CAVA) Key Stats
With a market capitalization of 14.81 billion, the company has a total of 114,321K Shares Outstanding. Currently, annual sales are 728,700 K while annual income is 13,280 K. The company’s previous quarter sales were 233,500 K while its latest quarter income was 19,740 K.
