The stock of Savara Inc. (NASDAQ:SVRA) increased by $0.04 on Friday to finish at $3.88, up 1.04 percent. The last five days have seen an average of 577,580 shares of common stock traded. 24 times new highs were reached in the current year, with a gain of $2.33. The average number of shares traded over the last 20 days was 514,045, while the average volume over the last 50 days totaled 744,126.
SVRA stock appreciated 19.94% since last month. On 07/12/23, the company’s shares reached a one-month low of $2.97. The stock touched a high of $3.95 on 08/11/23, after rallying from a low of $1.08 in 52 weeks. The price of SVRA stock has risen by 150.32% or $2.33 this year, reaching a new high 24 times. Still, the stock price is down -1.77% from the 52-week high.
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Insider Transactions
SVRA stock investors should be aware that Savara Inc. (SVRA) stock had its last reported insider trading activity 28 days ago on Jul 17. On Jul 17, 10% Owner Yang Rick acquired 333,333 shares at $3.00 each. This transaction resulted in the insider spending $999,999. On Jul 17, SANDELL SCOTT D added 333,333 shares at a price of US$3.00. After the transaction, the insider now owns 24,471,264 shares. 10% Owner Walker Paul Edward had earlier bought 333,333 shares on Jul 17 for $3.00 a share. The transaction was completed for $999,999.
Financial Health
For the three months ended June 29, Savara Inc.’s quick ratio was 23.90, while its current ratio was 23.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.27, and the total debt to equity ratio is 0.27. Based on annual data, it had gross profit of $38.84 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SVRA’s return on assets (ROA) during the last 12 months has been -26.60%. In the meantime, the return on equity (ROE) for the last 12 months was -33.90%.
Earnings Surprise
According to Savara Inc.’s quarterly financial report for the quarter that ended June 29, it had $26.21 million in total debt versus $82.43 million in cash and short-term investments. It was predicted that Savara Inc.’s quarterly earnings would be -$0.07, but it ended up being -$0.08, beating the consensus by 12.50%. At the end of Savara Inc.’s most recent quarter ended June 29, its liabilities totaled 32.12 million, while its total debt was $26.3 million. Equity owned by shareholders amounts to $135.17 million.
Technical Picture
Here’s a quick look at Savara Inc.’s (SVRA) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 79.55%, suggesting the stock is Overbought, with a 22.67% historical volatility rate.
The stochastic %K and %D were 84.42% and 86.20% respectively, while the average true range (ATR) was 0.20. Based on the 14-day stochastic reading of 69.72%, the RSI (14) reading is 72.77%. On the 9-day MACD Oscillator, the stock is at 0.14, and the 14-day reading is at 0.25.
Analyst Ratings
In its most recent analyst report, Jefferies raised its rating on Savara Inc. (NASDAQ: SVRA) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Savara Inc. (SVRA) an Buy rating. SVRA is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is SVRA’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.00 and $7.00, with a median target price of $5.00. In analyzing these forecasts, the average price target given by analysts for Savara Inc. (SVRA) is $4.90.
