Cassava Sciences Inc (NASDAQ:SAVA) currently has a daily average trading volume of 2.84M but it saw 6795737 shares traded in last market. With a market cap of 1.25B USD, the company’s current market price of $26.02 came falling about -13.84 while comparing to the previous closing price of $30.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $42.20 and as low as $8.79. In the recent trading on the day, stock has struck highest price mark of $23.52 while lowest mark touched by it was $30.66.
Taking a look at 20-day trading activity of Cassava Sciences Inc (SAVA) gives us an average price of $18.18, while its current price level is -38.34% below from 52-week high level whereas it is 196.02% 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 $17.72 while that of 200 days or SMA-200 reads an average of $21.34. A closer look into the stock’s movement over the week reveals that its volatility is standing at 39.76% during that period while stretching the period over a month that decreases to 21.14%. 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 60.53 which implies that the stock is in neutral 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 10.77% up while it is 133.15% when we observe its performance for the past one month. Year-to-date it is 15.59% up and over the past year, the stock is showing an upside performance of 38.55%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.61 beat the consensus estimate of -0.77 for the same.
Currently, Cassava Sciences Inc’s total number of outstanding shares is 47.98M with 6.60% of that held by the insiders while 25.27% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -19.56% and return on equity (ROE) at -8.35%. It has a 72.28 of forward P/E ratio. Stock’s beta reads -0.70. Stock has a price to book (P/B) ratio of 14.32. Its return on asset (ROA) is -6.97% on average.
