In last trading session, Cassava Sciences Inc (NASDAQ:SAVA) saw 3.27 million shares changing hands with its beta currently measuring -0.98. Company’s recent per share price level of $2.29 trading at -$0.12 or -4.98% at ring of the bell on the day assigns it a market valuation of $110.18M. That closing price of SAVA’s stock is at a discount of -1742.79% from its 52-week high price of $42.20 and is indicating a discount of -4.37% from its 52-week low price of $2.39. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.46 million shares which gives us an average trading volume of 5.09 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 3.67. 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 -0.68 in the current quarter.
Cassava Sciences Inc (NASDAQ:SAVA) trade information
Upright in the red during last session for losing -4.98%, in the last five days SAVA remained trading in the red while hitting it’s week-highest on Friday, 12/13/24 when the stock touched $2.29 price level, adding 19.37% to its value on the day. Cassava Sciences Inc’s shares saw a change of -89.83% in year-to-date performance and have moved -17.92% in past 5-day. Cassava Sciences Inc (NASDAQ:SAVA) showed a performance of -91.82% in past 30-days. Number of shares sold short was 17.16 million shares which calculate 1.95 days to cover the short interests.
Cassava Sciences Inc (SAVA) estimates and forecasts
Statistics highlight that Cassava Sciences Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -88.56% of value to its shares in past 6 months, showing an annual growth rate of 31.90% while that of industry is 16.80. Apart from that, the company came raising 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 12.65% of company’s total shares while institution are holding 29.93 percent of that, with stock having share float percentage of 34.27%. Investors also watch the number of corporate investors in a company very closely, which is 29.93% 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.
