Cassava Sciences Inc (NASDAQ:SAVA) price on Wednesday, February 05, rose 2.09% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.44.
A look at the stock’s price movement, the close in the last trading session was $2.39, moving within a range at $2.31 and $2.49. The beta value (5-Year monthly) was -0.583. Turning to its 52-week performance, $42.20 and $2.23 were the 52-week high and 52-week low respectively. Overall, SAVA moved -15.57% over the past month.
Cassava Sciences Inc’s market cap currently stands at around $117.39 million, with investors looking forward to this quarter’s earnings report slated for in March.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SAVA is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend SAVA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SAVA’s current price about -5.26% and -36.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.01, while 7-day volatility ratio is 5.30% and 6.31% in the 30-day chart. Further, Cassava Sciences Inc (SAVA) has a beta value of -1.25, and an average true range (ATR) of 0.29.
If we refocus on Cassava Sciences Inc (NASDAQ:SAVA), historical trading data shows that trading volumes averaged 1.27 over the past 10 days and 5.69 million over the past 3 months. The company’s latest data on shares outstanding shows there are 47.98 million shares.
The 13.11% of Cassava Sciences Inc’s shares are in the hands of company insiders while institutional holders own 29.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 15.36 million on 2025-01-15, giving us a short ratio of 4.34. The data shows that as of 2025-01-15 short interest in Cassava Sciences Inc (SAVA) stood at 3407.0 of shares outstanding, with shares short falling to 17.62 million registered in 2024-12-13. Current price change has pushed the stock 3.39% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SAVA stock continues to rise going into the next quarter.
