Cassava Sciences Inc [SAVA] stock prices are up 27.28% to $12.83 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SAVA shares have gain 4.06% over the last week, with a monthly amount drifted -35.79%, and not 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 July 01, 2024, when H.C. Wainwright downgraded its rating to a Neutral. Previously, B. Riley Securities downgraded its rating to Neutral on November 16, 2022, and kept the price target unchanged to $44. On July 15, 2021, downgrade downgraded it’s rating to Neutral but maintained its price target of $100 on the stock. Maxim Group reiterated its Buy rating and increased its price target to $190 on July 07, 2021. B. Riley Securities initiated its recommendation with a Buy and recommended $78 as its price target on April 27, 2021. H.C. Wainwright reiterated a Buy rating for this stock on February 16, 2021, and upped its price target to $66. In a note dated October 23, 2020, Cantor Fitzgerald initiated an Overweight rating and provided a target price of $24 on this stock.
The stock price of Cassava Sciences Inc [SAVA] has been fluctuating between $8.79 and $32.10 over the past year. Cassava Sciences Inc [NASDAQ: SAVA] shares were valued at $12.83 at the most recent close of the market.
Analyzing the SAVA fundamentals
Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at -42.32%, 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 -1.26.
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 10.90 points at the first support level, and at 8.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.27, and for the 2nd resistance point, it is at 15.71.
Ratios To Look Out For
It’s worth pointing out that Cassava Sciences Inc [NASDAQ:SAVA]’s Current Ratio is 1.74. In addition, the Quick Ratio stands at 1.74 and the Cash Ratio stands at 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.
