Technical Outlook And Game Plan For Cassava Sciences Inc (NASDAQ: SAVA)

Cassava Sciences Inc (SAVA) concluded trading on Thursday ata closing price of $28.39, with 3.75 million shares of worth about $106.55 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.80% during that period and on August 15, 2024 the price saw a gain of about 19.79%. Currently the company’s common shares owned by public are about 47.98M shares, out of which, 44.98M shares are available for trading.

Stock saw a price change of 9.11% in past 5 days and over the past one month there was a price change of 196.66%. Year-to-date (YTD), SAVA shares are showing a performance of 26.12% which increased to 61.77% 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 $42.20 during that period. The average intraday trading volume for Cassava Sciences Inc shares is 3.06 million. The stock is currently trading 39.10% above its 20-day simple moving average (SMA20), while that difference is up 59.52% for SMA50 and it goes to 32.30% higher than SMA200.

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Cassava Sciences Inc (NASDAQ: SAVA) currently have 47.98M outstanding shares and institutions hold larger chunk of about 26.62% of that.

The stock has a current market capitalization of $1.36B and its 3Y-monthly beta is at -0.62. It has posted earnings per share of -$1.40 in the same period. It has Quick Ratio of 4.07 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 16.72% while standing at 22.13% over the month.

Stock’s fiscal year EPS is expected to rise by 44.68% while it is estimated to increase by 37.66% 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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