While Cassava Sciences Inc has underperformed by -0.46%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SAVA rose by 43.98%, with highs and lows ranging from $42.20 to $8.79, whereas the simple moving average jumped by 26.74% in the last 200 days.
On July 01, 2024, H.C. Wainwright Downgraded Cassava Sciences Inc (NASDAQ: SAVA) to Neutral. A report published by B. Riley Securities on November 16, 2022, Downgraded its rating to ‘Neutral’ for SAVA. Cantor Fitzgerald also Downgraded SAVA shares as ‘Neutral’, setting a target price of $100 on the company’s shares in a report dated July 15, 2021. Maxim Group Reiterated the rating as Buy on July 07, 2021, but set its price target from $80 to $190. B. Riley Securities initiated its ‘Buy’ rating for SAVA, as published in its report on April 27, 2021. H.C. Wainwright’s report from February 16, 2021 suggests a price prediction of $66 for SAVA shares, giving the stock a ‘Buy’ rating. Cantor Fitzgerald also rated the stock as ‘Overweight’.
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Analysis of Cassava Sciences Inc (SAVA)
One of the most important indicators of Cassava Sciences Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -8.35% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.07, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and SAVA is recording 3.34M average volume. On a monthly basis, the volatility of the stock is set at 8.55%, whereas on a weekly basis, it is put at 6.24%, with a gain of 4.50% over the past seven days. Furthermore, long-term investors anticipate a median target price of $107.00, showing growth from the present price of $28.12, which can serve as yet another indication of whether SAVA is worth investing in or should be passed over.
How Do You Analyze Cassava Sciences Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 11.66%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 28.09% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SAVA shares are owned by institutional investors to the tune of 28.09% at present.
