A share price of Cassava Sciences Inc [SAVA] is currently trading at $27.50, up 6.59%. 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 8.23% over the last week, with a monthly amount drifted -2.20%, 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 October 08, 2024, when H.C. Wainwright upgraded its rating to a Buy but kept the price target unchanged to $116 for it. Previously, H.C. Wainwright downgraded its rating to Neutral on July 01, 2024. On November 16, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $44 on the stock. Cantor Fitzgerald downgraded its rating to a Neutral but stick to its price target of $100 on July 15, 2021. Maxim Group reiterated its recommendation of a Buy and raised its price target to $190 on July 07, 2021. B. Riley Securities started tracking with a Buy rating for this stock on April 27, 2021, and assigned it a price target of $78. In a note dated February 16, 2021, H.C. Wainwright reiterated an Buy rating on this stock and boosted its target price from $20 to $66.
Cassava Sciences Inc experienced fluctuations in its stock price throughout the past year between $8.79 and $42.20. Cassava Sciences Inc [NASDAQ: SAVA] shares were valued at $27.50 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 25.85 points at the first support level, and at 24.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.72, and for the 2nd resistance point, it is at 29.93.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cassava Sciences Inc [NASDAQ:SAVA] is 4.07. In addition, the Quick Ratio stands at 4.07 and the Cash Ratio stands at 3.8.
