Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $2.80 in the prior trading day, Cassava Sciences Inc (NASDAQ: SAVA) closed at $1.90, down -32.14%. In other words, the price has decreased by -$32.14 from its previous closing price. On the day, 16.19 million shares were traded. SAVA stock price reached its highest trading level at $2.33 during the session, while it also had its lowest trading level at $1.8002.
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 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:
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 135262144 and an Enterprise Value of -36788996.
Stock Price History:
The Beta on a monthly basis for SAVA is -1.79, which has changed by -0.906954 over the last 52 weeks, in comparison to a change of 0.10063088 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 $2.23. The 50-Day Moving Average of the stock is -25.52%, while the 200-Day Moving Average is calculated to be -87.53%.
Shares Statistics:
The stock has traded on average 1.96M shares per day over the past 3-months and 2652780 shares per day over the last 10 days, according to various share statistics. 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 36.19% stake in the company. Shares short for SAVA as of 1740700800 were 14445489 with a Short Ratio of 7.37, compared to 1738281600 on 15853182. Therefore, it implies a Short% of Shares Outstanding of 14445489 and a Short% of Float of 31.900000000000002.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
