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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 4 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 4 deemed it a Buy, and no one rated it as Underweight. Cassava Sciences, Inc. is expected to report earnings per share of -$0.1 for the current quarter.

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

Although SAVA has showed a red trend with a performance of -4.48% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $47.92 on Wednesday, Mar 31 increased the stock’s daily price by 10.65%. The company’s shares are currently up 5.28% year-to-date, but still down -0.0373 over the last five days. On the other hand, Cassava Sciences, Inc. (NASDAQ:SAVA) is -0.01% down in the 30-day period. We can see from the shorts that 3.65 Million shares have been sold at a short interest cover period of 0.5 day (s).

The consensus price target as assigned by Wall Street analysts is $90, which translates to bears needing to increase their stock price by 110.18% from its current value. Analyst projections state that SAVA is forecast to be at a low of $73 and a high of $110. In order for the stock price to hit the forecast high, the stock would need to surge +156.89% from its current level, while the stock would need to crash 70.48% 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 35.4%. Cassava Sciences, Inc. earnings are expected to increase by 8.8% 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 6.5% of Cassava Sciences, Inc. shares, and 26.15% of them are in the hands of institutional investors. The stock currently has a share float of 27.97%. Cassava Sciences, Inc. stock is held by 110 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 4.94% of the shares, which is about 1.97 Million shares worth $13.44 Million.

Vanguard Group, Inc. (The), with 3.97% 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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Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 30, 2020. The former held 890577 shares worth $6.07 Million, making up 2.23% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 799.51 Thousand shares worth around $38.84 Million, which represents about 2% of the total shares outstanding.

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