Cassava Sciences Inc (NASDAQ:SAVA)’s traded shares stood at 1.13 million during the last session, with the company’s beta value hitting -0.61. At the close of trading, the stock’s price was $25.18, to imply a decrease of -4.55% or -$1.2 in intraday trading. The SAVA share’s 52-week high remains $42.20, putting it -67.59% down since that peak but still an impressive 65.09% since price per share fell to its 52-week low of $8.79. The company has a valuation of $1.21B, with an average of 1.46 million shares in intraday trading volume over the past 10 days and average of 1.71 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Cassava Sciences Inc (SAVA), translating to a mean rating of 1.67. Of 2 analyst(s) looking at the stock, 0 analyst(s) give SAVA a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.99.
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Cassava Sciences Inc (NASDAQ:SAVA) trade information
After registering a -4.55% downside in the last session, Cassava Sciences Inc (SAVA) has traded red over the past five days. The 5-day price performance for the stock is -5.23%, and -10.90% over 30 days. With these gigs, the year-to-date price performance is 11.86%. Short interest in Cassava Sciences Inc (NASDAQ:SAVA) saw shorts transact 18.57 million shares and set a 11.61 days time to cover.
Cassava Sciences Inc (SAVA) estimates and forecasts
Looking at statistics comparing Cassava Sciences Inc share performance against respective industry, we note that the company has outperformed competitors. Cassava Sciences Inc (SAVA) shares are 9.43% up over the last 6 months, with its year-to-date growth rate higher than industry average at 46.55% against 16.40%.
SAVA Dividends
Cassava Sciences Inc has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Cassava Sciences Inc (NASDAQ:SAVA)’s Major holders
Cassava Sciences Inc insiders hold 13.38% of total outstanding shares, with institutional holders owning 29.81% of the shares at 34.42% float percentage. In total, 29.81% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 3.22 million shares (or 7.4874% of shares), all amounting to roughly $39.76 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 2.68 million shares, or about 6.2397% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $33.14 million.
