Cassava Sciences Inc (NASDAQ:SAVA) currently has a daily average trading volume of 2.29M but it saw 4316907 shares traded in last market. With a market cap of 1.13B USD, the company’s current market price of $23.49 came rising about 5.72 while comparing to the previous closing price of $22.22. In past 52 weeks, the stock remained buoying in the range of price level as high as $32.10 and as low as $8.79.
Taking a look at 20-day trading activity of Cassava Sciences Inc (SAVA) gives us an average price of $13.33, while its current price level is -26.82% below from 52-week high level whereas it is 167.24% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $16.90 while that of 200 days or SMA-200 reads an average of $20.93. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.29% during that period while stretching the period over a month that decreases to 15.04%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 72.01 which implies that the stock is in overbought territory.
B. Riley Securities downgraded its recommendation for the stock as a “Neutral” from “Buy” on November 16, 2022 while assigning a price target of $44. Cantor Fitzgerald also issued its recommendations for the stock as it downgraded the price target for the stock is $100.
Over the week, SAVA’s stock price is moving 84.24% up while it is 99.24% when we observe its performance for the past one month. Year-to-date it is 4.35% up and over the past year, the stock is showing an upside performance of 7.55%.
Currently, Cassava Sciences Inc’s total number of outstanding shares is 47.98M. Company’s return on investment (ROI) stands at -60.95% and return on equity (ROE) at -33.90%. It has a 65.25 of forward P/E ratio. Stock’s beta reads -0.57. Stock has a price to book (P/B) ratio of 12.93. Its return on asset (ROA) is -25.63% on average.
