Cassava Sciences Inc (NASDAQ:SAVA) price on Friday, May 02, fall -0.62% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.61.
A look at the stock’s price movement, the close in the last trading session was $1.62, moving within a range at $1.6 and $1.67. The beta value (5-Year monthly) was -1.483. Turning to its 52-week performance, $42.20 and $1.15 were the 52-week high and 52-week low respectively. Overall, SAVA moved 15.83% over the past month.
Cassava Sciences Inc’s market cap currently stands at around $77.78 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-02.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SAVA is a 50% 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 11.11% and -19.43% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.91, while 7-day volatility ratio is 5.78% and 9.03% in the 30-day chart. Further, Cassava Sciences Inc (SAVA) has a beta value of -2.12, and an average true range (ATR) of 0.14.
If we refocus on Cassava Sciences Inc (NASDAQ:SAVA), historical trading data shows that trading volumes averaged 0.77 over the past 10 days and 1.61 million over the past 3 months. The company’s latest data on shares outstanding shows there are 48.20 million shares.
The 13.11% of Cassava Sciences Inc’s shares are in the hands of company insiders while institutional holders own 35.88% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.09 million on 2025-04-15, giving us a short ratio of 5.2. The data shows that as of 2025-04-15 short interest in Cassava Sciences Inc (SAVA) stood at 2321.0 of shares outstanding, with shares short falling to 11.88 million registered in 2025-03-14. Current price change has pushed the stock -31.78% 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.
