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Cassava Sciences, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 3 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended SAVA as a Hold, whereas 3 deemed it a Buy, and no one rated it as Underweight. Cassava Sciences, Inc. is expected to report earnings per share of -$0.05 for the current quarter.

Cassava Sciences, Inc. (NASDAQ:SAVA): Trading Information

Although SAVA has showed a red trend with a performance of -4.91% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $65.74 on Monday, Feb 22 increased the stock’s daily price by 19.34%. The company’s shares are currently up 6.77% year-to-date, but still up 0.1496 over the last five days. On the other hand, Cassava Sciences, Inc. (NASDAQ:SAVA) is 3.12% up in the 30-day period. We can see from the shorts that 5.98 Million shares have been sold at a short interest cover period of 0.88 day(s).

The consensus price target as assigned by Wall Street analysts is $56.67, which translates to bears needing to increase their stock price by 6.88% from its current value. Analyst projections state that SAVA is forecast to be at a low of $24 and a high of $80. In order for the stock price to hit the forecast high, the stock would need to surge +50.89% from its current level, while the stock would need to crash -54.73% from its current level to reach the projected low.

Cassava Sciences, Inc. (SAVA) projections and forecasts

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 32.6%. Cassava Sciences, Inc. earnings are expected to increase by 56.7% in 2021, but the outlook is negative 0% per year for the next five years.

Cassava Sciences, Inc. (NASDAQ:SAVA)’s Biggest Investors

Upon looking at major shareholders, it appears that insiders hold 8.2% of Cassava Sciences, Inc. shares, and 26.51% of them are in the hands of institutional investors. The stock currently has a share float of 28.88%. Cassava Sciences, Inc. stock is held by 95 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 7.7% of the shares, which is about 1.97 Million shares worth $13.44 Million.

Vanguard Group, Inc. (The), with 6.19% or 1.58 Million shares worth $10.8 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.

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iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 757104 shares worth $5.16 Million, making up 2.96% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 645.44 Thousand shares worth around $7.43 Million, which represents about 2.52% of the total shares outstanding.


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