Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Cassava Sciences Inc (NASDAQ: SAVA) was $1.59 for the day, up 8.90% from the previous closing price of $1.46. In other words, the price has increased by $8.90 from its previous closing price. On the day, 1.18 million shares were traded. SAVA stock price reached its highest trading level at $1.61 during the session, while it also had its lowest trading level at $1.4205.
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 76809560 and an Enterprise Value of -51764444.
Stock Price History:
The Beta on a monthly basis for SAVA is -2.11, which has changed by -0.92333657 over the last 52 weeks, in comparison to a change of 0.042615533 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 -25.62%, while the 200-Day Moving Average is calculated to be -88.37%.
Shares Statistics:
SAVA traded an average of 1.68M shares per day over the past three months and 1031730 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 36.18% stake in the company. Shares short for SAVA as of 1743379200 were 11151338 with a Short Ratio of 6.66, 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
