In last trading session, Cassava Sciences Inc (NASDAQ:SAVA) saw 1.64 million shares changing hands with its beta currently measuring -0.60. Company’s recent per share price level of $25.34 trading at -$1.23 or -4.63% at ring of the bell on the day assigns it a market valuation of $1.22B. That closing price of SAVA’s stock is at a discount of -66.54% from its 52-week high price of $42.20 and is indicating a premium of 65.31% from its 52-week low price of $8.79. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.27 million shares which gives us an average trading volume of 1.91 million if we extend that period to 3-months.
For Cassava Sciences Inc (SAVA), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 1.67. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.88 in the current quarter.
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Cassava Sciences Inc (NASDAQ:SAVA) trade information
Upright in the red during last session for losing -4.63%, in the last five days SAVA remained trading in the red while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $25.34 price level, adding 6.7% to its value on the day. Cassava Sciences Inc’s shares saw a change of 12.57% in year-to-date performance and have moved -1.80% in past 5-day. Cassava Sciences Inc (NASDAQ:SAVA) showed a performance of 1.36% in past 30-days. Number of shares sold short was 18.94 million shares which calculate 8.63 days to cover the short interests.
Cassava Sciences Inc (SAVA) estimates and forecasts
Statistics highlight that Cassava Sciences Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 20.04% of value to its shares in past 6 months, showing an annual growth rate of -42.67% while that of industry is 18.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -30.45% during past 5 years.
Cassava Sciences Inc (NASDAQ:SAVA)’s Major holders
Insiders are in possession of 13.38% of company’s total shares while institution are holding 29.38 percent of that, with stock having share float percentage of 33.92%. Investors also watch the number of corporate investors in a company very closely, which is 29.38% institutions for Cassava Sciences Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at SAVA for having 3.22 million shares of worth $39.76 million. And as of 2024-06-30, it was holding 7.4874 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 2.68 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.2397 of outstanding shares, having a total worth of $33.14 million.
