Cassava Sciences Inc (NASDAQ: SAVA) is 24.17% 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 $26.91 in the last trading session, with the day’s gains setting it 1.04%.
Currently trading at $27.95, the stock is 5.52% and 1.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.73 million and changing 3.86% at the moment leaves the stock 22.15% off its SMA200. SAVA registered 27.63% gain for a year compared to 6-month gain of 26.50%. The firm has a 50-day simple moving average (SMA 50) of $27.4956 and a 200-day simple moving average (SMA200) of $22.86115.
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The stock witnessed a -3.62% loss in the last 1 month and extending the period to 3 months gives it a -6.40%, and is 3.29% 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 7.95% over the week and 6.58% over the month.
Cassava Sciences Inc (SAVA) has around 29 employees, a market worth around $1.38B and $0.00M in sales. Fwd P/E is 55.90. Distance from 52-week low is 217.97% and -33.77% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.60%).
The EPS is expected to grow by 64.22% this year, but quarterly earnings will post ∞% year-over-year.
Cassava Sciences Inc (SAVA) Top Institutional Holders
226.0 institutions hold shares in Cassava Sciences Inc (SAVA), with institutional investors hold 35.47% of the company’s shares. The shares outstanding are 42.24M, and float is at 41.77M with Short Float at 44.46%. Institutions hold 30.73% 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.
Cassava Sciences Inc (SAVA) Insider Activity
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