Cassava Sciences Inc (NASDAQ:SAVA) price closed lower on Friday, April 12, dropping -12.87% below its previous close.
A look at the daily price movement shows that the last close reads $26.11. The company’s 5Y monthly beta was ticking -0.40. Taking into account the 52-week price action we note that the stock hit a 52-week high of $32.10 and 52-week low of $12.32. The stock added 10.17% on its value in the past month.
Cassava Sciences Inc, which has a market valuation of $983.48 million, is expected to release its quarterly earnings report Apr 29, 2024 – May 03, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give SAVA a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that SAVA’s price is at present 5.74% off the SMA20 and 2.49% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 52.60, with weekly volatility standing at 11.51%. The indicator jumps to 6.49% when calculated based on the past 30 days. Cassava Sciences Inc (NASDAQ:SAVA)’s beta value is holding at -0.41, while the average true range (ATR) indicator is currently reading 1.55. An analysis of the Cassava Sciences Inc (NASDAQ:SAVA) stock in terms of its daily trading volume indicates that the 3-month average is 684.51K.
Current records show that the company has 42.24M in outstanding shares. The insiders’ percentage holdings are 7.17% of outstanding shares while the percentage share held by institutions stands at 32.70%. But the 1.07% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
