The consensus among analysts is that Cassava Sciences, Inc. (SAVA) is a Hold stock at the moment, with a recommendation rating of 3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 2 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.
Cassava Sciences, Inc. (NASDAQ:SAVA) trade information
Despite being -7.74% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Jun 26 when the SAVA stock price touched $3.44-9 or saw a rise of 9.88%. Year-to-date, Cassava Sciences, Inc. shares have moved -40.38%, while the 5-day performance has seen it change 16.1%. Over the past 30 days, the shares of Cassava Sciences, Inc. (NASDAQ:SAVA) have changed 44.86%. Short interest in the company has seen 2.84 Million shares shorted with days to cover at 0.72.
Cassava Sciences, Inc. (SAVA) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +32.6% over the past 5 years. Earnings growth for 2020 is a modest +56.7% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Cassava Sciences, Inc. (NASDAQ:SAVA)’s Major holders
Insiders own 10.47% of the company shares, while shares held by institutions stand at 21.16% with a share float percentage of 23.63%. Investors are also buoyed by the number of investors in a company, with Cassava Sciences, Inc. having a total of 41 institutions that hold shares in the company. The top two institutional holders are Bleichroeder LP with over 1.74 Million shares worth more than $7.15 Million. As of March 30, 2020, Bleichroeder LP held 7.02% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 834.04 Thousand shares as of March 30, 2020. The firm’s total holdings are worth over $3.43 Million and represent 3.37% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of March 30, 2020, the former fund manager holds about 2.5% shares in the company for having 618337 shares of worth $2.54 Million while later fund manager owns 160.38 Thousand shares of worth $659.18 Thousand as of March 30, 2020, which makes it owner of about 0.65% of company’s outstanding stock.