Cassava Sciences Inc. (NASDAQ: SAVA) on May 23, 2023, started off the session at the price of $25.33, soaring 0.36% from the previous trading day. During the day, the shares moved up to $26.25 and dropped to $25.175 before settling in for the closing price of $25.22. Within the past 52 weeks, SAVA’s price has moved between $13.84 and $51.59.
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The company achieved an average annual earnings per share of -130.80%. With a float of $39.45 million, this company’s outstanding shares have now reached $41.74 million.
In an organization with 26 employees, it is important to assess its efficiency.
Cassava Sciences Inc. (SAVA) Insider and Institutional Ownership
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Cassava Sciences Inc. is 2.70%, while institutional ownership is 25.50%. The most recent insider transaction that took place on Mar 07, was worth 1,990,630. In this transaction Director of this company bought 77,276 shares at a rate of $25.76, taking the stock ownership to the 275,000 shares. Before that another transaction happened on Mar 06, when Company’s Director bought 11,565 for $26.13, making the entire transaction worth $302,193. This insider now owns 197,724 shares in total.
Cassava Sciences Inc. (SAVA) Latest Financial update
As on 3/30/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.58 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.55) by -$0.03. This company achieved a return on equity of -31.67. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -130.80% per share during the next fiscal year.
Cassava Sciences Inc. (NASDAQ: SAVA) Trading Performance Indicators
Cassava Sciences Inc. (SAVA) is currently performing well based on its current performance indicators. A quick ratio of 14.00 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.04, a number that is poised to hit -0.59 in the next quarter and is forecasted to reach -1.80 in one year’s time.
Technical Analysis of Cassava Sciences Inc. (SAVA)
Let’s dig in a bit further. During the last 5-days, its volume was 0.63 million. That was inferior than the volume of 1.04 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 23.93%. Additionally, its Average True Range was 1.41.
During the past 100 days, Cassava Sciences Inc.’s (SAVA) raw stochastic average was set at 22.62%, which indicates a significant decrease from 49.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.76% in the past 14 days, which was higher than the 68.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.26, while its 200-day Moving Average is $30.14. However, in the short run, Cassava Sciences Inc.’s stock first resistance to watch stands at $25.98. Second resistance stands at $26.65. The third major resistance level sits at $27.06. If the price goes on to break the first support level at $24.91, it is likely to go to the next support level at $24.50. The third support level lies at $23.83 if the price breaches the second support level.
Cassava Sciences Inc. (NASDAQ: SAVA) Key Stats
Market capitalization of the company is 1.08 billion based on 41,749K outstanding shares. Right now, sales total 0 K and income totals -76,250 K. The company made 0 K in profit during its latest quarter, and -24,270 K in sales during its previous quarter.
