Cassava Sciences Inc (NASDAQ:SAVA) currently has a daily average trading volume of 3.19M but it saw 1019451 shares traded in last market. With a market cap of 1.29B USD, the company’s current market price of $26.96 came rising about 0.07 while comparing to the previous closing price of $26.94. 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 $26.51 while lowest mark touched by it was $27.7999.
Taking a look at 20-day trading activity of Cassava Sciences Inc (SAVA) gives us an average price of $28.64, while its current price level is -36.11% below from 52-week high level whereas it is 206.71% 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 $27.26 while that of 200 days or SMA-200 reads an average of $22.57. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.41% during that period while stretching the period over a month that decreases to 8.65%. 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 46.42 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 -15.41% down while it is -9.16% when we observe its performance for the past one month. Year-to-date it is 19.77% up and over the past year, the stock is showing an upside performance of 53.71%.
Currently, Cassava Sciences Inc’s total number of outstanding shares is 47.98M. Company’s return on investment (ROI) stands at -8.13% and return on equity (ROE) at -8.35%. Stock’s beta reads -0.59. Stock has a price to book (P/B) ratio of 6.84. Its return on asset (ROA) is -6.97% on average.
