A History of Outperforming Analyst Forecasts and Beating the Odds: Cassava Sciences Inc (SAVA)

With 2.04 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.69 million shares. The 52-week range on SAVA shows that it touched its highest point at $42.20 and its lowest point at $2.23 during that stretch. It currently has a 1-year price target of $2.00. Beta for the stock currently stands at -1.76.

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 10.74%, but this was up by 12.61% over a month. Three-month performance dropped to -32.66% while six-month performance fell -90.60%. The stock lost -88.34% in the past year, while it has gained 13.56% so far this year.

Float and Shares Shorts:

At present, 48.20 million SAVA shares are outstanding with a float of 41.80 million shares on hand for trading.

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.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.86333 being high and -$0.86333 being low. For SAVA, this leads to a yearly average estimate of -$0.86333. 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.

Summary of Insider Activity:

Insiders traded SAVA stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.