There Is Clear Momentum For Cassava Sciences Inc (NASDAQ: SAVA)

Cassava Sciences Inc (SAVA) concluded trading on Wednesday at a closing price of $9.57, with 16.04 million shares of worth about $153.46 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -62.82% during that period and on July 17, 2024 the price saw a loss of about -29.27%. Currently the company’s common shares owned by public are about 47.98M shares, out of which, 44.90M shares are available for trading.

Stock saw a price change of -14.25% in past 5 days and over the past one month there was a price change of -51.47%. Year-to-date (YTD), SAVA shares are showing a performance of -57.49% which decreased to -56.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.79 but also hit the highest price of $32.10 during that period. The average intraday trading volume for Cassava Sciences Inc shares is 1.48 million. The stock is currently trading -34.93% below its 20-day simple moving average (SMA20), while that difference is down -48.63% for SMA50 and it goes to -54.68% lower than SMA200.

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Cassava Sciences Inc (NASDAQ: SAVA) currently have 47.98M outstanding shares and institutions hold larger chunk of about 24.41% of that.

The stock has a current market capitalization of $459.17M and its 3Y-monthly beta is at -0.57. It has posted earnings per share of -$2.16 in the same period. It has Quick Ratio of 1.74 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SAVA, volatility over the week remained 12.55% while standing at 15.41% over the month.

Stock’s fiscal year EPS is expected to rise by 53.74% while it is estimated to increase by 133.54% in next year.

Coverage by B. Riley Securities stated Cassava Sciences Inc (SAVA) stock as a Neutral in their note to investors on November 16, 2022, suggesting a price target of $44 for the stock. On July 15, 2021, Cantor Fitzgerald Downgrade their recommendations, while on July 07, 2021, Maxim Group Reiterated their ratings for the stock with a price target of $190. Stock get a Buy rating from B. Riley Securities on April 27, 2021.

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