In the last trading session, 1.05 million Cassava Sciences Inc (NASDAQ:SAVA) shares changed hands as the company’s beta touched -1.69. With the company’s per share price at $2.79 changed hands at $0.18 or 6.90% during last session, the market valuation stood at $134.78M. SAVA’s last price was a discount, traded about -1412.54% off its 52-week high of $42.20. The share price had its 52-week low at $2.23, which suggests the last value was 20.07% up since then. When we look at Cassava Sciences Inc’s average trading volume, we note the 10-day average is 1.59 million shares, with the 3-month average coming to 2.18 million.
Analysts gave the Cassava Sciences Inc (SAVA) stock a consensus recommendation rating of Hold, calculated at a mean rating of 4.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended SAVA as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Cassava Sciences Inc’s EPS for the current quarter is expected to be 0.
Cassava Sciences Inc (NASDAQ:SAVA) trade information
Instantly SAVA was in green as seen at the end of in last trading. With action -0.71%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 18.22%, with the 5-day performance at -0.71% in the red. However, in the 30-day time frame, Cassava Sciences Inc (NASDAQ:SAVA) is 19.74% up. Looking at the short shares, we see there were 14.45 million shares sold at short interest cover period of 10.16 days.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -40.61%. The 2025 estimates are for Cassava Sciences Inc earnings to increase by 62.33%.
SAVA Dividends
Cassava Sciences Inc is expected to release its next quarterly earnings report on 2025-Mar-02.
Cassava Sciences Inc (NASDAQ:SAVA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 12.56% of Cassava Sciences Inc shares while 36.28% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 41.50%. There are 36.28% institutions holding the Cassava Sciences Inc stock share, with GALLACHER CAPITAL MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 8.8252% of the shares, roughly 0.58 million SAVA shares worth $7.19 million.
LMR PARTNERS LLP holds the second largest percentage of outstanding shares, with 8.1178% or 0.54 million shares worth $6.62 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 1.28 shares estimated at $3.58 million under it, the former controlled 2.66% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.27% of the shares, roughly 1.1 shares worth around $3.06 million.
