On Friday, Cassava Sciences Inc (NASDAQ: SAVA) was -12.87% down from the session before settling in for the closing price of $26.11. A 52-week range for SAVA has been $12.32 – $32.10.
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When this article was written, the company’s average yearly earnings per share was at 7.54%. With a float of $40.12 million, this company’s outstanding shares have now reached $42.24 million.
Let’s determine the extent of company efficiency that accounts for 29 employees.
Cassava Sciences Inc (SAVA) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Cassava Sciences Inc stocks. The insider ownership of Cassava Sciences Inc is 7.17%, while institutional ownership is 32.70%. The most recent insider transaction that took place on Aug 23 ’23, was worth 523,500. In this transaction Director of this company bought 30,000 shares at a rate of $17.45, taking the stock ownership to the 886,851 shares. Before that another transaction happened on Aug 22 ’23, when Company’s Director bought 16,571 for $16.65, making the entire transaction worth $275,907. This insider now owns 293,477 shares in total.
Cassava Sciences Inc (SAVA) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.54% per share during the next fiscal year.
Cassava Sciences Inc (NASDAQ: SAVA) Trading Performance Indicators
You can see what Cassava Sciences Inc (SAVA) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 9.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.32, a number that is poised to hit -0.46 in the next quarter and is forecasted to reach -0.47 in one year’s time.
Technical Analysis of Cassava Sciences Inc (SAVA)
Looking closely at Cassava Sciences Inc (NASDAQ: SAVA), its last 5-days average volume was 1.57 million, which is a jump from its year-to-date volume of 0.74 million. As of the previous 9 days, the stock’s Stochastic %D was 73.38%. Additionally, its Average True Range was 1.55.
During the past 100 days, Cassava Sciences Inc’s (SAVA) raw stochastic average was set at 32.83%, which indicates a significant decrease from 45.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 89.04% in the past 14 days, which was higher than the 69.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.17, while its 200-day Moving Average is $21.41. However, in the short run, Cassava Sciences Inc’s stock first resistance to watch stands at $25.30. Second resistance stands at $27.85. The third major resistance level sits at $29.25. If the price goes on to break the first support level at $21.35, it is likely to go to the next support level at $19.95. Should the price break the second support level, the third support level stands at $17.40.
Cassava Sciences Inc (NASDAQ: SAVA) Key Stats
There are 43,246K outstanding shares of the company, which has a market capitalization of 983.48 million. As of now, sales total 0 K while income totals -97,220 K. Its latest quarter income was 0 K while its last quarter net income were -20,920 K.
