Cassava Sciences Inc (NASDAQ:SAVA) has a beta value of -0.61 and has seen 1.82 million shares traded in the last trading session. The company, currently valued at $1.24B, closed the last trade at $25.80 per share which meant it gained $0.94 on the day or 3.78% during that session. The SAVA stock price is -63.57% off its 52-week high price of $42.20 and 65.93% above the 52-week low of $8.79. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.16 million shares traded. The 3-month trading volume is 3.14 million shares.
The consensus among analysts is that Cassava Sciences Inc (SAVA) is Hold stock at the moment, with a recommendation rating of 1.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 2 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.88.
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Cassava Sciences Inc (NASDAQ:SAVA) trade information
Sporting 3.78% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SAVA stock price touched $25.80 or saw a rise of 17.39%. Year-to-date, Cassava Sciences Inc shares have moved 14.62%, while the 5-day performance has seen it change -4.73%. Over the past 30 days, the shares of Cassava Sciences Inc (NASDAQ:SAVA) have changed -8.67%. Short interest in the company has seen 17.63 million shares shorted with days to cover at 9.57.
Cassava Sciences Inc (SAVA) estimates and forecasts
Figures show that Cassava Sciences Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 13.41% over the past 6 months, with this year growth rate of -42.67%, compared to 19.10% for the industry.
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 November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cassava Sciences Inc (NASDAQ:SAVA)’s Major holders
Insiders own 11.86% of the company shares, while shares held by institutions stand at 29.17% with a share float percentage of 33.09%. Investors are also buoyed by the number of investors in a company, with Cassava Sciences Inc having a total of 218.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 3.22 million shares worth more than $39.76 million. As of 2024-06-30, BLACKROCK INC. held 7.4874% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 2.68 million shares as of 2024-06-30. The firm’s total holdings are worth over $33.14 million and represent 6.2397% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 3.02% shares in the company for having 1.45 shares of worth $37.43 million while later fund manager owns 1.1 shares of worth $28.3 million as of Aug 31, 2024 , which makes it owner of about 2.29% of company’s outstanding stock.
