Cassava Sciences Inc (NASDAQ: SAVA) is -11.11% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SAVA stock was last observed hovering at around $22.75 in the last trading session, with the day’s loss setting it -2.74%.
Currently trading at $20.01, the stock is -7.44% and -9.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.1 million and changing -12.04% at the moment leaves the stock -6.53% off its SMA200. SAVA registered -15.28% loss for a year compared to 6-month gain of 14.08%.
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The stock witnessed a -3.29% loss in the last 1 month and extending the period to 3 months gives it a -23.74%, and is -15.10% down 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 12.13% over the week and 6.74% over the month.
Cassava Sciences Inc (SAVA) has around 29 employees, a market worth around $865.03M and $0.00M in sales. Distance from 52-week low is 62.42% and -37.66% from its 52-week high. The company has generated returns on investments over the last 12 months (-70.72%).
The EPS is expected to grow by 7.54% this year.
Cassava Sciences Inc (SAVA) Top Institutional Holders
The shares outstanding are 42.24M, and float is at 40.12M with Short Float at 29.38%.
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).
