Monthly Drifts in Cassava Sciences Inc (SAVA) Stock: A Closer Look

A share price of Cassava Sciences Inc [SAVA] is currently trading at $23.33, up 13.14%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SAVA shares have gain 6.87% over the last week, with a monthly amount glided 16.59%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Cassava Sciences Inc [NASDAQ: SAVA] stock has seen the most recent analyst activity on November 16, 2022, when B. Riley Securities downgraded its rating to a Neutral but kept the price target unchanged to $44 for it. Previously, Cantor Fitzgerald downgraded its rating to Neutral on July 15, 2021, and kept the price target unchanged to $100. On July 07, 2021, Maxim Group reiterated its Buy rating and revised its price target to $190 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $78 on April 27, 2021. H.C. Wainwright reiterated its recommendation of a Buy and raised its price target to $66 on February 16, 2021. Cantor Fitzgerald started tracking with a Overweight rating for this stock on October 23, 2020, and assigned it a price target of $24. In a note dated September 23, 2020, H.C. Wainwright upgraded an Buy rating on this stock but restated the target price of $20.

Cassava Sciences Inc experienced fluctuations in its stock price throughout the past year between $12.32 and $32.10. Cassava Sciences Inc [NASDAQ: SAVA] shares were valued at $23.33 at the most recent close of the market.

Analyzing the SAVA fundamentals

Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at -23.17%, Pretax Profit Margin comes in at -20.4%, and Net Profit Margin reading is -20.4%. To continue investigating profitability, this company’s Return on Assets is posted at -0.31, Equity is -0.35 and Total Capital is -0.69.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.05 points at the first support level, and at 20.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.03, and for the 2nd resistance point, it is at 24.74.

Cassava Sciences Inc [SAVA] reported earnings per share of $0.58 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.46/share, meaning a difference of $1.04 and a surprise factor of 226.10%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were -$0.5 per share as compared to estimates of -$0.52 per share, a difference of $0.02 representing a surprise of 3.80%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Cassava Sciences Inc [NASDAQ:SAVA] is 1.74. Further, the Quick Ratio stands at 1.74, while the Cash Ratio is 1.61.

Transactions by insiders

Recent insider trading involved ROBERTSON SANFORD, Director, that happened on Aug 23 ’23 when 30000.0 shares were purchased. Director, Barry Richard completed a deal on Aug 22 ’23 to buy 16571.0 shares. Meanwhile, Director Barry Richard bought 1906.0 shares on Aug 21 ’23.

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