Why should you keep an eye on Cassava Sciences Inc (SAVA)?

Cassava Sciences Inc (NASDAQ: SAVA) is 31.41% higher on its value in year-to-date trading and has touched a low of $8.79 and a high of $42.20 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 $27.00 in the last trading session, with the day’s gains setting it 2.58%.

Currently trading at $29.58, the stock is 3.56% and 20.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.17 million and changing 9.54% at the moment leaves the stock 31.61% off its SMA200. SAVA registered 68.64% gain for a year compared to 6-month gain of 50.15%. The firm has a 50-day simple moving average (SMA 50) of $24.827 and a 200-day simple moving average (SMA200) of $22.51575.

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The stock witnessed a -4.43% loss in the last 1 month and extending the period to 3 months gives it a 53.34%, and is -5.50% 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 8.76% over the week and 7.99% over the month.

Cassava Sciences Inc (SAVA) has around 29 employees, a market worth around $1.42B and $0.00M in sales. Distance from 52-week low is 236.52% and -29.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.13%).

The EPS is expected to grow by 44.68% this year.

Cassava Sciences Inc (SAVA) Top Institutional Holders

217.0 institutions hold shares in Cassava Sciences Inc (SAVA), with institutional investors hold 33.12% of the company’s shares. The shares outstanding are 47.98M, and float is at 42.38M with Short Float at 37.31%. Institutions hold 29.14% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 3.22 million shares valued at $39.76 million. The investor’s holdings represent 7.4874% of the SAVA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.68 million shares valued at $33.14 million to account for 6.2397 of the shares outstanding. The other top investors are STATE STREET CORP which holds 1.18 million shares representing 2.7371% and valued at over $14.54 million, while GEODE CAPITAL MANAGEMENT, LLC holds 2.2495 of the shares totaling 0.97 million with a market value of $11.95 million.