In yesterday’s Wall Street session, Cassava Sciences Inc (NASDAQ:SAVA) shares traded at $10.18, up 6.37% from the previous session.
SAVA stock price is now -44.61% away from the 50-day moving average and -51.71% away from the 200-day moving average. The market capitalization of the company currently stands at $488.44M.
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On November 16, 2022, B. Riley Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $44, while ‘Cantor Fitzgerald’ rates the stock as ‘Neutral’
In other news, ROBERTSON SANFORD, Director bought 30,000 shares of the company’s stock on Aug 23 ’23. The stock was bought for $523,500 at an average price of $17.45. Upon completion of the transaction, the Director now directly owns 886,851 shares in the company, valued at $9.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22 ’23, Director Barry Richard bought 16,571 shares of the business’s stock. A total of $275,907 was incurred on buying the stock at an average price of $16.65. This leaves the insider owning 293,477 shares of the company worth $2.99 million. A total of 6.40% of the company’s stock is owned by insiders.
During the past 12 months, Cassava Sciences Inc has had a low of $8.79 and a high of $32.10. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.74, and a quick ratio of 1.74. The fifty day moving average price for SAVA is $18.153 and a two-hundred day moving average price translates $21.05005 for the stock.
The latest earnings results from Cassava Sciences Inc (NASDAQ: SAVA) was released for 2024-03-31.
