In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
The price of Cassava Sciences Inc (NASDAQ: SAVA) closed at $2.36 in the last session, down -0.84% from day before closing price of $2.38. In other words, the price has decreased by -$0.84 from its previous closing price. On the day, 1.01 million shares were traded. SAVA stock price reached its highest trading level at $2.38 during the session, while it also had its lowest trading level at $2.2808.
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 113540776 and an Enterprise Value of -35437280.
Stock Price History:
The Beta on a monthly basis for SAVA is -0.95, which has changed by -0.8994083 over the last 52 weeks, in comparison to a change of 0.21926713 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 -51.04%, while the 200-Day Moving Average is calculated to be -87.30%.
Shares Statistics:
According to the various share statistics, SAVA traded on average about 5.69M shares per day over the past 3-months and 1418560 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 29.19% stake in the company. Shares short for SAVA as of 1736899200 were 15360365 with a Short Ratio of 2.70, compared to 1734048000 on 17616409. Therefore, it implies a Short% of Shares Outstanding of 15360365 and a Short% of Float of 34.07.
