Financial Fitness Check: Examining Cassava Sciences Inc (SAVA)’s Key Ratios

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In the latest session, Cassava Sciences Inc (NASDAQ: SAVA) closed at $19.13 down -2.55% from its previous closing price of $19.63. In other words, the price has decreased by -$2.55 from its previous closing price. On the day, 0.75 million shares were traded. SAVA stock price reached its highest trading level at $19.72 during the session, while it also had its lowest trading level at $18.91.


For a deeper understanding of Cassava Sciences Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.74 and its Current Ratio is at 1.74. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

On July 15, 2021, Cantor Fitzgerald Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $100.

Maxim Group reiterated its Buy rating for the stock on July 07, 2021, while the target price for the stock was revised from $80 to $190.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 23 ’23 when ROBERTSON SANFORD bought 30,000 shares for $17.45 per share. The transaction valued at 523,500 led to the insider holds 886,851 shares of the business.

Barry Richard bought 16,571 shares of SAVA for $275,907 on Aug 22 ’23. The Director now owns 293,477 shares after completing the transaction at $16.65 per share. On Aug 21 ’23, another insider, Barry Richard, who serves as the Director of the company, bought 1,906 shares for $16.80 each. As a result, the insider paid 32,021 and bolstered with 276,906 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 917784640 and an Enterprise Value of 793615040.

Stock Price History:

Over the past 52 weeks, SAVA has reached a high of $32.10, while it has fallen to a 52-week low of $12.32. The 50-Day Moving Average of the stock is -11.71%, while the 200-Day Moving Average is calculated to be -11.36%.

Shares Statistics:

For the past three months, SAVA has traded an average of 829.75K shares per day and 644250 over the past ten days. A total of 47.98M shares are outstanding, with a floating share count of 44.57M. Insiders hold about 7.11% of the company’s shares, while institutions hold 24.61% stake in the company. Shares short for SAVA as of 1715731200 were 12800415 with a Short Ratio of 15.43, compared to 1713139200 on 12844075. Therefore, it implies a Short% of Shares Outstanding of 12800415 and a Short% of Float of 28.470000000000002.

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