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.
The closing price of Cassava Sciences Inc (NASDAQ: SAVA) was $2.19 for the day, up 5.29% from the previous closing price of $2.08. In other words, the price has increased by $5.29 from its previous closing price. On the day, 1.14 million shares were traded. SAVA stock price reached its highest trading level at $2.23 during the session, while it also had its lowest trading level at $2.09.
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 9.08 and its Current Ratio is at 9.08. 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 105794304 and an Enterprise Value of -29890708.
Stock Price History:
The Beta on a monthly basis for SAVA is -2.07, which has changed by -0.80072796 over the last 52 weeks, in comparison to a change of 0.12153554 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 12.53%, while the 200-Day Moving Average is calculated to be -73.21%.
Shares Statistics:
SAVA traded an average of 1.09M shares per day over the past three months and 1460730 shares per day over the past ten days. A total of 48.31M shares are outstanding, with a floating share count of 41.98M. Insiders hold about 13.11% of the company’s shares, while institutions hold 32.82% stake in the company. Shares short for SAVA as of 1749772800 were 8221572 with a Short Ratio of 7.58, compared to 1747267200 on 10034322. Therefore, it implies a Short% of Shares Outstanding of 8221572 and a Short% of Float of 17.2.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
