Cassava Sciences Inc. (NASDAQ:SAVA) saw a downside of -1.78% to close Friday at $17.08 after subtracting -$0.31 on the day. The 5-day average trading volume is 791,820 shares of the company’s common stock. It has gained $19.05 in the past week and touched a new high 1 time within the past 5 days. An average of 820,375 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 862,588.
SAVA’s 1-month performance is -20.07% or -$4.21 on its low of $16.99 reached on 08/17/23. The company’s shares have touched a 52-week low of $16.99 and high of $51.59, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, SAVA has lost -42.18% or -$12.46 and has reached a new high 4 times. However, the current price is down -66.89% from the 52-week high price.
Valuation Metrics
SAVA stock has a beta of 0.00. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 3.98.
Cassava Sciences Inc.’s quick ratio for the period ended June 29 was 9.80, with the current ratio over the same period at 9.80.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income grew 26.72% to -$26.38 million, while revenue of -$24.27 million was 8.0% off the previous quarter. Analysts expected SAVA to announce -$0.59 per share in earnings in its latest quarter, but it posted -$0.63, representing a -6.80% surprise. Shareholders hold equity totaling $41.97 million.
Let’s look briefly at Cassava Sciences Inc. (SAVA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 24.69% to suggest the stock is trending oversold, with historical volatility in this time period at 28.56%.
The stock’s 5-day moving average is $17.48, reflecting a -4.69% or -$0.84 change from its current price. SAVA is currently trading -20.93% above its 20-day SMA, -29.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -28.86% and SMA200 by-53.13%.
Stochastic %K and %D was 3.98% and 5.97% and the average true range (ATR) pointed at 0.79. The RSI (14) points at 28.00%, while the 14-day stochastic is at 1.76% with the period’s ATR at 0.84. The stock’s 9-day MACD Oscillator is pointing at -0.70 and -1.65 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Cassava Sciences Inc. (NASDAQ: SAVA), B. Riley Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for SAVA stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SAVA as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
