Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $2.29 in the prior trading day, Cassava Sciences Inc (NASDAQ: SAVA) closed at $2.35, up 2.62%. In other words, the price has increased by $2.62 from its previous closing price. On the day, 3.19 million shares were traded. SAVA stock price reached its highest trading level at $2.41 during the session, while it also had its lowest trading level at $2.23.
Ratios:
Our goal is to gain a better understanding of SAVA by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.55 and its Current Ratio is at 3.55. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 113059672 and an Enterprise Value of -35918384.
Stock Price History:
Over the past 52 weeks, SAVA has reached a high of $42.20, while it has fallen to a 52-week low of $2.28. The 50-Day Moving Average of the stock is -86.94%, while the 200-Day Moving Average is calculated to be -88.86%.
Shares Statistics:
The stock has traded on average 5.12M shares per day over the past 3-months and 3174280 shares per day over the last 10 days, according to various share statistics. A total of 47.98M shares are outstanding, with a floating share count of 41.80M. Insiders hold about 13.11% of the company’s shares, while institutions hold 29.68% stake in the company. Shares short for SAVA as of 1732838400 were 17161905 with a Short Ratio of 3.35, compared to 1730332800 on 18571405. Therefore, it implies a Short% of Shares Outstanding of 17161905 and a Short% of Float of 38.06.
