A new trading day began on Tuesday, with Cassava Sciences Inc (NASDAQ: SAVA) stock price up 6.20% from the previous day of trading, before settling in for the closing price of $2.42. SAVA’s price has ranged from $2.23 to $42.20 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 62.79%. With a float of $41.80 million, this company’s outstanding shares have now reached $47.98 million.
Let’s look at the performance matrix of the company that is accounted for 29 employees. In terms of profitability, gross margin is 58.82%, operating margin of -5985.86%, and the pretax margin is -752.3%.
Cassava Sciences Inc (SAVA) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of Cassava Sciences Inc is 13.12%, while institutional ownership is 36.38%. The most recent insider transaction that took place on Nov 29 ’24, was worth 15,480. In this transaction Chief Medical Officer of this company sold 4,000 shares at a rate of $3.87, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 29 ’24, when Company’s Chief Financial Officer sold 59,800 for $3.86, making the entire transaction worth $230,828. This insider now owns 11,500 shares in total.
Cassava Sciences Inc (SAVA) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 62.79% per share during the next fiscal year.
Cassava Sciences Inc (NASDAQ: SAVA) Trading Performance Indicators
Here are Cassava Sciences Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.37, a number that is poised to hit -0.58 in the next quarter and is forecasted to reach -0.43 in one year’s time.
Technical Analysis of Cassava Sciences Inc (SAVA)
Cassava Sciences Inc (NASDAQ: SAVA) saw its 5-day average volume 1.22 million, a negative change from its year-to-date volume of 1.99 million. As of the previous 9 days, the stock’s Stochastic %D was 70.23%. Additionally, its Average True Range was 0.21.
During the past 100 days, Cassava Sciences Inc’s (SAVA) raw stochastic average was set at 1.07%, which indicates a significant decrease from 91.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.73% in the past 14 days, which was lower than the 299.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.59, while its 200-day Moving Average is $17.63. Nevertheless, the first resistance level for the watch stands at $2.63 in the near term. At $2.68, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.77. If the price goes on to break the first support level at $2.49, it is likely to go to the next support level at $2.40. The third support level lies at $2.35 if the price breaches the second support level.
Cassava Sciences Inc (NASDAQ: SAVA) Key Stats
With a market capitalization of 123.64 million, the company has a total of 48,110K Shares Outstanding. Currently, annual sales are 0 K while annual income is -97,220 K. The company’s previous quarter sales were 0 K while its latest quarter income was -27,940 K.
