Savara Inc (SVRA) Volatility Spurs A Quest For Clarity

Currently, there are 138.14M common shares owned by the public and among those 72.70M shares have been available to trade.

The company’s stock has a 5-day price change of 26.78% and -4.13% over the past three months. SVRA shares are trading -1.28% year to date (YTD), with the 12-month market performance up to 71.85% higher. It has a 12-month low price of $2.63 and touched a high of $5.70 over the same period. SVRA has an average intraday trading volume of 1.60 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 17.05%, 7.06%, and 7.25% respectively.

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Institutional ownership of Savara Inc (NASDAQ: SVRA) shares accounts for 46.13% of the company’s 138.14M shares outstanding.

It has a market capitalization of $641.20M and a beta (3y monthly) value of 1.00. The earnings-per-share (ttm) stands at -$0.38. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.45% over the week and 8.12% over the month.

Earnings per share for the fiscal year are expected to decrease by -24.68%, and -4.51% over the next financial year.

Looking at the support for the SVRA, a number of firms have released research notes about the stock. JMP Securities stated their Mkt Outperform rating for the stock in a research note on February 15, 2024, with the firm’s price target at $8. Guggenheim coverage for the Savara Inc (SVRA) stock in a research note released on November 07, 2023 offered a Buy rating with a price target of $7. Jefferies was of a view on May 16, 2023 that the stock is Buy, while Jefferies gave the stock Hold rating on March 31, 2023, issuing a price target of $2. Piper Sandler on their part issued Overweight rating on March 16, 2021.

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