Cassava Sciences Inc (NASDAQ:SAVA) currently has a daily average trading volume of 5.66M but it saw 1133268 shares traded in last market. With a market cap of 121.72M USD, the company’s current market price of $2.53 came falling about -2.32 while comparing to the previous closing price of $2.59. In past 52 weeks, the stock remained buoying in the range of price level as high as $42.20 and as low as $2.23. In the recent trading on the day, stock has struck highest price mark of $2.5 while lowest mark touched by it was $2.58.
Taking a look at 20-day trading activity of Cassava Sciences Inc (SAVA) gives us an average price of $2.65, while its current price level is -94.00% below from 52-week high level whereas it is 13.45% 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 $8.22 while that of 200 days or SMA-200 reads an average of $19.31. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.11% during that period while stretching the period over a month that increases to 8.89%. 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 28.97 which implies that the stock is in oversold territory.
H.C. Wainwright upgraded its recommendation for the stock as a “Buy” from “Neutral” on October 08, 2024 while assigning a price target of $116.
Over the week, SAVA’s stock price is moving -6.81% down while it is 10.48% when we observe its performance for the past one month. Year-to-date it is 7.20% up and over the past year, the stock is showing a downside performance of -90.38%.
The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of -0.68 while estimate for next year EPS is -1.58.
Currently, Cassava Sciences Inc’s total number of outstanding shares is 47.98M with 12.65% of that held by the insiders while 29.83% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -10.60% and return on equity (ROE) at -10.98%. Stock’s beta reads -0.94. Stock has a price to book (P/B) ratio of 0.73. Its return on asset (ROA) is -8.91% on average.
