In the last trading session, 1.21 million shares of the Cassava Sciences Inc (NASDAQ:SAVA) were traded, and its beta was -2.22. Most recently the company’s share price was $1.43, and it changed around $0.09 or 6.72% from the last close, which brings the market valuation of the company to $69.08M. SAVA currently trades at a discount to its 52-week high of $42.20, offering almost -2851.05% off that amount. The share price’s 52-week low was $1.15, which indicates that the current value has risen by an impressive 19.58% since then. We note from Cassava Sciences Inc’s average daily trading volume that its 10-day average is 1.19 million shares, with the 3-month average coming to 1.73 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 showed a green trend with a performance of 6.72% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.4600 on recent trading dayincreased the stock’s daily price by 2.05%. The company’s shares are currently down -39.41% year-to-date, but still up 20.17% over the last five days. On the other hand, Cassava Sciences Inc (NASDAQ:SAVA) is -48.56% down in the 30-day period. We can see from the shorts that 11.15 million shares have been sold at a short interest cover period of 4.75 day(s).
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -40.61%.
SAVA Dividends
Cassava Sciences Inc’s next quarterly earnings report is expected to be released on 2025-Mar-02.
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 36.27% of them are in the hands of institutional investors. The stock currently has a share float of 41.48%. Cassava Sciences Inc stock is held by 196.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 48.7804% of the shares, which is about 3.22 million shares worth $39.76 million.
STATE STREET CORP, with 17.8322% or 1.18 million shares worth $14.54 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
