During the last session, Cassava Sciences Inc (NASDAQ:SAVA)’s traded shares were 1.77 million, with the beta value of the company hitting -0.61. At the end of the trading day, the stock’s price was $24.86, reflecting an intraday loss of -0.56% or -$0.14. The 52-week high for the SAVA share is $42.20, that puts it down -69.75 from that peak though still a striking 64.64% gain since the share price plummeted to a 52-week low of $8.79. The company’s market capitalization is $1.19B, and the average intraday trading volume over the past 10 days was 2.56 million shares, and the average trade volume was 3.14 million shares over the past three months.
Cassava Sciences Inc (SAVA) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 1.67. SAVA has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.88.
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Cassava Sciences Inc (NASDAQ:SAVA) trade information
Cassava Sciences Inc (SAVA) registered a -0.56% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.56% in intraday trading to $24.86, hitting a weekly high. The stock’s 5-day price performance is -7.79%, and it has moved by -9.04% in 30 days. Based on these gigs, the overall price performance for the year is 28.48%. The short interest in Cassava Sciences Inc (NASDAQ:SAVA) is 17.63 million shares and it means that shorts have 9.57 day(s) to cover.
Cassava Sciences Inc (SAVA) estimates and forecasts
Statistics show that Cassava Sciences Inc has underperformed its competitors in share price, compared to the industry in which it operates. Cassava Sciences Inc (SAVA) shares have gone down -4.79% during the last six months, with a year-to-date growth rate less than the industry average at -42.67% against 19.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -44.30% this quarter and then drop -98.00% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -30.45%. While earnings are projected to return 44.68% in 2024.
SAVA Dividends
Cassava Sciences Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cassava Sciences Inc (NASDAQ:SAVA)’s Major holders
Cassava Sciences Inc insiders own 11.86% of total outstanding shares while institutional holders control 29.17%, with the float percentage being 33.10%. BLACKROCK INC. is the largest shareholder of the company, while 219.0 institutions own stock in it. As of 2024-06-30, the company held over 3.22 million shares (or 7.4874% of all shares), a total value of $39.76 million in shares.
The next largest institutional holding, with 2.68 million shares, is of VANGUARD GROUP INC’s that is approximately 6.2397% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $33.14 million.
