In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Cassava Sciences Inc (NASDAQ: SAVA) was $1.27 for the day, up 6.72% from the previous closing price of $1.19. In other words, the price has increased by $6.72 from its previous closing price. On the day, 0.87 million shares were traded. SAVA stock price reached its highest trading level at $1.29 during the session, while it also had its lowest trading level at $1.21.
Ratios:
Our analysis of SAVA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 11.62 and its Current Ratio is at 11.62. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On October 08, 2024, H.C. Wainwright Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $116.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 29 ’24 when Kupiec James William sold 4,000 shares for $3.87 per share. The transaction valued at 15,480 led to the insider holds 0 shares of the business.
Schoen Eric sold 59,800 shares of SAVA for $230,828 on Nov 29 ’24. The Chief Financial Officer now owns 11,500 shares after completing the transaction at $3.86 per share. On Nov 29 ’24, another insider, Schoen Eric, who serves as the Chief Financial Officer of the company, sold 2,000 shares for $3.82 each. As a result, the insider received 7,640 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SAVA now has a Market Capitalization of 61351032 and an Enterprise Value of -67222976.
Stock Price History:
The Beta on a monthly basis for SAVA is -2.08, which has changed by -0.9365317 over the last 52 weeks, in comparison to a change of 0.059571505 over the same period for the S&P500. Over the past 52 weeks, SAVA has reached a high of $42.20, while it has fallen to a 52-week low of $1.15. The 50-Day Moving Average of the stock is -43.51%, while the 200-Day Moving Average is calculated to be -90.96%.
Shares Statistics:
SAVA traded an average of 1.77M shares per day over the past three months and 1272610 shares per day over the past ten days. A total of 48.20M shares are outstanding, with a floating share count of 41.98M. Insiders hold about 13.11% of the company’s shares, while institutions hold 36.13% stake in the company. Shares short for SAVA as of 1743379200 were 11151338 with a Short Ratio of 6.31, compared to 1740700800 on 14445489. Therefore, it implies a Short% of Shares Outstanding of 11151338 and a Short% of Float of 24.620001.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
