Cassava Sciences Inc [SAVA] stock is trading at $31.87, up 4.59%. An important factor to consider is whether the stock is rising or falling in short-term value. The SAVA shares have gain 4.97% over the last week, with a monthly amount glided 10.62%, 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 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.
Cassava Sciences Inc [SAVA] stock has fluctuated between $8.79 and $42.20 over the past year. Cassava Sciences Inc [NASDAQ: SAVA] shares were valued at $31.87 at the most recent close of the market.
Analyzing the SAVA fundamentals
Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at -58.69%, Pretax Profit Margin comes in at -6.55%, and Net Profit Margin reading is -6.55%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.11 and Total Capital is -0.73.
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 30.73 points at the first support level, and at 29.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.58, and for the 2nd resistance point, it is at 33.29.
Ratios To Look Out For
For context, Cassava Sciences Inc’s Current Ratio is 4.07. On the other hand, the Quick Ratio is 4.07, and the Cash Ratio is 3.8.
