There is no way Cassava Sciences Inc (SAVA) can keep these numbers up

With 0.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.73 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $27.2 whereas the lowest price it dropped to was $25.92. The 52-week range on SAVA shows that it touched its highest point at $42.20 and its lowest point at $8.79 during that stretch. It currently has a 1-year price target of $111.50. SAVA paid its most recent dividend on 1355356800, while the ex-dividend date for that was 1355356800. Beta for the stock currently stands at -0.60.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SAVA was up-trending over the past week, with a rise of 10.24%, but this was down by -4.07% over a month. Three-month performance surged to 11.31% while six-month performance rose 13.07%. The stock gained 34.45% in the past year, while it has gained 17.19% so far this year. A look at the trailing 12-month EPS for SAVA yields -1.37 with Next year EPS estimates of -0.65. For the next quarter, that number is -0.41. This implies an EPS growth rate of 72.84% for this year and -3.17% for next year.

Float and Shares Shorts:

At present, 42.24 million SAVA shares are outstanding with a float of 41.77 million shares on hand for trading. On 2024-10-31, short shares totaled 18.57 million, which was 3870.9998 higher than short shares on 1727654400. In addition to Mr. Richard Jon Barry as the firm’s CEO & Director, Mr. Eric J. Schoen serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.29392 of SAVA’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, SAVA reported revenue of $0.0 and operating income of -$30623000.0. The EBITDA in the recently reported quarter was -$30364000.0 and diluted EPS was -$0.58.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SAVA since 2 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SAVA analysts setting a high price target of 116.0 and a low target of 116.0, the average target price over the next 12 months is 116.0. Based on these targets, SAVA could surge 339.73% to reach the target high and rise by 339.73% to reach the target low. Reaching the average price target will result in a growth of 339.73% from current levels.

Analysts have provided yearly estimates in a range of -$0.63 being high and -$0.63 being low. For SAVA, this leads to a yearly average estimate of -$0.63. The surprise factor in the prior quarter was -$0.4. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.