Cassava Sciences Inc (NASDAQ: SAVA) is 4.71% higher on its value in year-to-date trading and has touched a low of $12.32 and a high of $32.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SAVA stock was last observed hovering at around $21.31 in the last trading session, with the day’s gains setting it 2.26%.
Currently trading at $23.57, the stock is 15.15% and 6.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing 10.61% at the moment leaves the stock 10.08% off its SMA200. SAVA registered -1.13% loss for a year compared to 6-month gain of 25.64%. The firm has a 200-day simple moving average (SMA200) of -$8.60.
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The stock witnessed a 22.44% loss in the last 1 month and extending the period to 3 months gives it a -0.84%, and is 16.17% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.20% over the week and 5.84% over the month.
Cassava Sciences Inc (SAVA) has around 29 employees, a market worth around $1.02B and $0.00M in sales. Distance from 52-week low is 91.31% and -26.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-70.72%).
Cassava Sciences Inc quarterly earnings per share for the current quarter are estimated at -$0.46.The EPS is expected to grow by 7.54% this year.
Cassava Sciences Inc (SAVA) Top Institutional Holders
222 institutions hold shares in Cassava Sciences Inc (SAVA), with institutional investors hold 35.23% of the company’s shares. The shares outstanding are 42.24M, and float is at 40.05M with Short Float at 29.86%. Institutions hold 32.71% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 2.75 million shares valued at $67.35 million. The investor’s holdings represent 6.54% of the SAVA Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 2.25 million shares valued at $55.16 million to account for 5.36% of the shares outstanding. The other top investors are State Street Corporation which holds 0.95 million shares representing 2.27% and valued at over $23.35 million, while Geode Capital Management, LLC holds 1.91% of the shares totaling 0.8 million with a market value of $19.7 million.
Cassava Sciences Inc (SAVA) Insider Activity
The most recent transaction is an insider purchase by ROBERTSON SANFORD,the company’sDirector. SEC filings show that ROBERTSON SANFORD bought 30,000 shares of the company’s common stock on Aug 23 ’23 at a price of $17.45 per share for a total of $0.52 million. Following the purchase, the insider now owns 0.89 million shares.
Cassava Sciences Inc disclosed in a document filed with the SEC on Aug 22 ’23 that Barry Richard (Director) bought a total of 16,571 shares of the company’s common stock. The trade occurred on Aug 22 ’23 and was made at $16.65 per share for $0.28 million. Following the transaction, the insider now directly holds 0.29 million shares of the SAVA stock.
Still, SEC filings show that on Aug 21 ’23, Barry Richard (Director) acquired 1,906 shares at an average price of $16.80 for $32021.0. The insider now directly holds 276,906 shares of Cassava Sciences Inc (SAVA).
