Savara Inc (NASDAQ:SVRA) price on current trading day, rose 3.21% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.89.
A look at the stock’s price movement, the close in the last trading session was $2.80, moving within a range at $2.8 and $2.965. The beta value (5-Year monthly) was 0.595. Turning to its 52-week performance, $5.34 and $2.26 were the 52-week high and 52-week low respectively. Overall, SVRA moved 1.40% over the past month.
Savara Inc’s market cap currently stands at around $495.98 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-11.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SVRA is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
6 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 0 analyst(s) rate the stock as a Hold, 6 recommend SVRA 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 Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SVRA’s current price about 10.73% and 5.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.11, while 7-day volatility ratio is 9.86% and 6.97% in the 30-day chart. Further, Savara Inc (SVRA) has a beta value of 0.51, and an average true range (ATR) of 0.19. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $4.5 and high of $5.5. Looking at the price targets, the low is -55.71% off current price level while to achieve the yearly target high, price needs to move -90.31%. Nonetheless, investors will most likely welcome a -73.01% jump to $5 which is the analysts’ median price.
If we refocus on Savara Inc (NASDAQ:SVRA), historical trading data shows that trading volumes averaged 1.01 over the past 10 days and 928.48K over the past 3 months. The company’s latest data on shares outstanding shows there are 170.84 million shares.
The 49.03% of Savara Inc’s shares are in the hands of company insiders while institutional holders own 53.04% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 16.39 million on 2025-02-28, giving us a short ratio of 23.34. The data shows that as of 2025-02-28 short interest in Savara Inc (SVRA) stood at 1138.00004 of shares outstanding, with shares short rising to 15.23 million registered in 2025-01-31. Current price change has pushed the stock -5.86% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SVRA stock continues to rise going into the next quarter.
