In today’s recent session, 4.16 million shares of the Cassava Sciences Inc (NASDAQ:SAVA) have been traded, and its beta is -1.79. Most recently the company’s share price was $2.21, and it changed around -$0.59 or -20.89% from the last close, which brings the market valuation of the company to $107.00M. SAVA at last check was trading at a discount to its 52-week high of $42.20, offering almost -1809.5% off that amount. The share price’s 52-week low was $2.23, which indicates that the recent value has fallen by an impressive -0.9% since then. We note from Cassava Sciences Inc’s average daily trading volume that its 10-day average is 1.12 million shares, with the 3-month average coming to 1.96 million.
Cassava Sciences Inc stock received a consensus recommendation rating of Hold, based on a mean score of 4.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended SAVA as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Cassava Sciences Inc is expected to report earnings per share of 0 for the current quarter.
Cassava Sciences Inc (NASDAQ:SAVA) trade information
Instantly SAVA has been showing red trend so far today with a performance of -20.89% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.91 on recent trading dayincreased the stock’s daily price by 24.05%. The company’s shares are currently down -6.14% year-to-date, but still down -20.61% over the last five days. On the other hand, Cassava Sciences Inc (NASDAQ:SAVA) is -11.40% down in the 30-day period. We can see from the shorts that 14.45 million shares have been sold at a short interest cover period of 10.16 day(s).
Cassava Sciences Inc (NASDAQ:SAVA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 12.56% of Cassava Sciences Inc shares, and 36.28% of them are in the hands of institutional investors. The stock currently has a share float of 41.50%. Cassava Sciences Inc stock is held by 201.0 institutions, with GALLACHER CAPITAL MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 8.8252% of the shares, which is about 0.58 million shares worth $7.19 million.
LMR PARTNERS LLP, with 8.1178% or 0.54 million shares worth $6.62 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024. The former held 1.28 shares worth $2.83 million, making up 2.66% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.1 shares worth around $2.42 million, which represents about 2.27% of the total shares outstanding.
