3 Things to Know About Cava Stock Before You Buy
Cava Group (NYSE: CAVA) stock caught investor attention from the time of its initial public offering (IPO) in the middle of 2023, and its stock has soared since. At the time of this writing, it's up 92% since its first-day closing price.However, along with the price rise, its valuation became astronomical. Cava stock is down 44% from its highs, and it's starting to look more reasonably priced. If you're considering taking a position at these levels, here are three things you should know before you buy.Investors have been loving Cava because if it continues to report similar performance to what it's demonstrating now, it has incredible long-term potential.Continue reading
Cava Group (NYSE: CAVA) stock caught investor attention from the time of its initial public offering (IPO) in the middle of 2023, and its stock has soared since. At the time of this writing, it's up 92% since its first-day closing price.
However, along with the price rise, its valuation became astronomical. Cava stock is down 44% from its highs, and it's starting to look more reasonably priced. If you're considering taking a position at these levels, here are three things you should know before you buy.
Investors have been loving Cava because if it continues to report similar performance to what it's demonstrating now, it has incredible long-term potential.
