Will Current Price Volatility Hamper Cassava Sciences Inc (SAVA) Future Potential?

Cassava Sciences Inc (NASDAQ:SAVA) has a beta value of -0.37 and has seen 1.07 million shares traded in the last trading session. The company, currently valued at $965.76M, closed the last trade at $22.34 per share which meant it gained $0.61 on the day or 2.81% during that session. The SAVA stock price is -43.69% off its 52-week high price of $32.10 and 44.85% above the 52-week low of $12.32. The 3-month trading volume is 726.57K shares.

Cassava Sciences Inc (NASDAQ:SAVA) trade information

Sporting 2.81% in the green in last session, the stock has traded in the green over the last five days, when the SAVA stock price touched $22.34 or saw a rise of 0.53%. Year-to-date, Cassava Sciences Inc shares have moved -0.76%, while the 5-day performance has seen it change 13.75%. Over the past 30 days, the shares of Cassava Sciences Inc (NASDAQ:SAVA) have changed 9.40%.

Cassava Sciences Inc (SAVA) estimates and forecasts

Figures show that Cassava Sciences Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 20.24% over the past 6 months, with this year growth rate of 13.36%, compared to 10.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 20.70% and 28.60% for the next quarter.

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 -30.45% over the past 5 years.

SAVA Dividends

Cassava Sciences Inc is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.