Take A Look At This Cassava Sciences Inc. (NASDAQ: SAVA) Analysis Before Investing

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Cassava Sciences Inc. (NASDAQ:SAVA) price closed lower on Monday, November 15, dropping -12.05% below its previous close.

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A look at the daily price movement shows that the last close reads $68.80, with intraday deals fluctuated between $58.44 and $66.72. The company’s 5Y monthly beta was ticking 1.12. Taking into account the 52-week price action we note that the stock hit a 52-week high of $146.16 and 52-week low of $6.70. The stock added 21.78% on its value in the past month.

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Cassava Sciences Inc., which has a market valuation of $2.55 billion, is expected to release its quarterly earnings report Nov 08, 2021 – Nov 12, 2021. Analysts tracking SAVA have forecast the quarterly EPS to shrink by -0.16 per share this quarter, while the same analysts predict the annual EPS to hit -$0.59 for the year 2021 and up to -$0.44 for 2022. In this case, analysts estimate an annual EPS growth of -145.80% for the year and 25.40% for the next year.

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 1 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% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned SAVA a recommendation rating as follows: 0 rate it as a Hold; 4 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Cassava Sciences Inc. (SAVA) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that SAVA’s price is at present 2.72% off the SMA20 and 9.14% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.63, with weekly volatility standing at 11.05%. The indicator jumps to 14.48% when calculated based on the past 30 days. Cassava Sciences Inc. (NASDAQ:SAVA)’s beta value is holding at 0.50, while the average true range (ATR) indicator is currently reading 8.73. Considering analysts have assigned the stock a price target range of $108.00-$215.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $159.25. Based on this estimate, we see that current price is roughly -78.48% off the estimated low and -255.31% off the forecast high. Investors will no doubt be excited to see the share price fall to $157.00, which is the median consensus price, and at that level SAVA would be -159.46% from current price.

An analysis of the Cassava Sciences Inc. (NASDAQ:SAVA) stock in terms of its daily trading volume indicates that the 3-month average is 8.41 million.

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Current records show that the company has 39.95M in outstanding shares. The insiders’ percentage holdings are 1.90% of outstanding shares while the percentage share held by institutions stands at 28.90%. But the 787.24% 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.