Cassava Sciences Inc [NASDAQ: SAVA] loss -6.46% on the last trading session, reaching $2.83 price per share at the time.
If compared to the average trading volume of 5.55M shares, SAVA reached a trading volume of 3627703 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $59.00 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 3.67. 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 Neutral, with their previous recommendation back on November 26, 2024. The new note on the price target was released on October 08, 2024, representing the official price target for Cassava Sciences Inc stock.
The Average True Range (ATR) for Cassava Sciences Inc is set at 0.73 The Price to Book ratio for the last quarter was 0.81, with the Price to Cash per share for the same quarter was set at 3.93.
Trading performance analysis for SAVA stock
Cassava Sciences Inc [SAVA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.70. With this latest performance, SAVA shares dropped by -12.27% in over the last four-week period, additionally sinking by -74.69% over the last 6 months – not to mention a drop of -88.36% 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 29.41, with the RSI for the last a single of trading hit 35.66, and the three-weeks RSI is set at 29.56 for Cassava Sciences Inc [SAVA]. The present Moving Average for the last 50 days of trading for this stock 12.39, while it was recorded at 2.88 for the last single week of trading, and 20.10 for the last 200 days.
Cassava Sciences Inc [SAVA]: A deeper dive into fundamental analysis
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.
An analysis of Institutional ownership at Cassava Sciences Inc [SAVA]
There are presently around $29.93%, or 34.27%% 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%.
