In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of Cassava Sciences Inc (NASDAQ: SAVA) closed at $2.52 in the last session, down -0.40% from day before closing price of $2.53. In other words, the price has decreased by -$0.40 from its previous closing price. On the day, 2.21 million shares were traded. SAVA stock price reached its highest trading level at $2.665 during the session, while it also had its lowest trading level at $2.47.
Ratios:
We take a closer look at SAVA’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 121238456 and an Enterprise Value of -27739604.
Stock Price History:
The Beta on a monthly basis for SAVA is -0.94, which has changed by -0.8988358 over the last 52 weeks, in comparison to a change of 0.23809385 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 -67.39%, while the 200-Day Moving Average is calculated to be -86.88%.
Shares Statistics:
According to the various share statistics, SAVA traded on average about 5.66M shares per day over the past 3-months and 1763160 shares per day over the past 10 days. 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 29.27% stake in the company. Shares short for SAVA as of 1735603200 were 16633549 with a Short Ratio of 2.94, compared to 1732838400 on 17161905. Therefore, it implies a Short% of Shares Outstanding of 16633549 and a Short% of Float of 36.89.
