Cassava Sciences Inc [NASDAQ: SAVA] traded at a low on Monday, posting a -83.78 loss after which it closed the day’ session at $4.30.
The results of the trading session contributed to over 93856149 shares changing hands. Over the past one week, the price volatility of Cassava Sciences Inc stands at 20.91% while the volatility over the past one month is 10.40%.
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The market cap for SAVA stock reached $170.03 million, with 42.24 million shares outstanding and 41.77 million shares in the current float. Compared to the average trading volume of 1.77M shares, SAVA reached a trading volume of 93856149 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Cassava Sciences Inc [SAVA]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SAVA shares is $111.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SAVA stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
H.C. Wainwright have made an estimate for Cassava Sciences Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 08, 2024. The new note on the price target was released on July 01, 2024, representing the official price target for Cassava Sciences Inc stock. Previously, the target price had yet another raise to $44, while B. Riley Securities analysts kept a Neutral rating on SAVA stock.
The Average True Range (ATR) for Cassava Sciences Inc is set at 4.15 The Price to Book ratio for the last quarter was 1.24, with the Price to Cash per share for the same quarter was set at 4.77.
How has SAVA stock performed recently?
Cassava Sciences Inc [SAVA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -84.63. With this latest performance, SAVA shares dropped by -83.82% in over the last four-week period, additionally sinking by -80.18% over the last 6 months – not to mention a drop of -79.88% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SAVA stock in for the last two-week period is set at 23.57, with the RSI for the last a single of trading hit 19.94, and the three-weeks RSI is set at 26.98 for Cassava Sciences Inc [SAVA]. The present Moving Average for the last 50 days of trading for this stock 27.07, while it was recorded at 23.40 for the last single week of trading, and 22.86 for the last 200 days.
Cassava Sciences Inc [SAVA]: Deeper insight into the fundamentals
Cassava Sciences Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.55 and a Current Ratio set at 3.55.
Earnings analysis for Cassava Sciences Inc [SAVA]
With the latest financial reports released by the company, Cassava Sciences Inc posted -0.5/share EPS, while the average EPS was predicted by analysts to be reported at -0.4/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.1. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SAVA.
Insider trade positions for Cassava Sciences Inc [SAVA]
There are presently around $29.95%, or 34.57%% of SAVA stock, in the hands of institutional investors. The top three institutional holders of SAVA stocks are: BLACKROCK INC. with ownership of 3.22 million shares, which is approximately 7.4874%. VANGUARD GROUP INC, holding 2.68 million shares of the stock with an approximate value of $$33.14 million in SAVA stocks shares; and VANGUARD GROUP INC, currently with $$14.54 million in SAVA stock with ownership which is approximately 2.7371%.
