NASDAQ:SAVACassava Sciences Stock Price, Forecast & News

$2.04

-0.07 (-3.32 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$2.02

Now: $2.04▼

$2.11

50-Day Range

$2.11

MA: $5.31▼

$9.64

52-Week Range

$1.03

Now: $2.04▼

$10.95

Volume1.34 million shs

Average Volume2.90 million shs

Market Capitalization$50.55 million

P/E RatioN/A

Dividend YieldN/A

Beta2.98

Cassava Sciences, Inc., a clinical-stage drug development company, develops drugs for nervous system disorders. The company's lead therapeutic product candidate PTI-125, a small molecule drug that is in Phase II clinical trial for the treatment of Alzheimer's disease. It is also developing PTI-125Dx, a blood-based biomarker/diagnostic to detect Alzheimer's disease. The company was formerly known as Pain Therapeutics, Inc. and changed its name to Cassava Sciences, Inc. in March 2019. Cassava Sciences, Inc. was founded in 1998 and is based in Austin, Texas.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Cassava Sciences has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.00, Cassava Sciences has a potential upside of 586.3% from its current price of $2.04.
Amount of Analyst Coverage
Cassava Sciences has only been the subject of 2 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
Cassava Sciences has received 52 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Cassava Sciences has received 50 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Cassava Sciences has received 50.98% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Cassava Sciences and other stocks. Vote “Outperform” if you believe SAVA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SAVA will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Cassava Sciences does not currently pay a dividend.
Dividend Growth
Cassava Sciences does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cassava Sciences insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 13.70% of the stock of Cassava Sciences is held by insiders.
Percentage Held by Institutions
Only 24.25% of the stock of Cassava Sciences is held by institutions.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Cassava Sciences are expected to decrease in the coming year, from ($0.26) to ($0.44) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cassava Sciences is -8.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cassava Sciences is -8.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Cassava Sciences has a P/B Ratio of 2.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.10 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Pharmaceutical preparations

Sub-IndustryN/A

SectorMedical

Current SymbolNASDAQ:SAVA

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.cassavasciences.com

Phone512-501-2444

Debt

Debt-to-Equity RatioN/A

Current Ratio22.60

Quick Ratio22.60

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual SalesN/A

Price / SalesN/A

Cash FlowN/A

Price / Cash FlowN/A

Book Value$1.01 per share

Price / Book2.02

Profitability

EPS (Most Recent Fiscal Year)($0.27)

Net Income$-4,630,000.00

Net MarginsN/A

Return on Equity-21.52%

Return on Assets-20.42%

Miscellaneous

Employees9

Outstanding Shares24,780,000

Market Cap$50.55 million

Next Earnings Date8/10/2020 (Estimated)

OptionableNot Optionable

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Cassava Sciences (NASDAQ:SAVA) Frequently Asked Questions

How has Cassava Sciences' stock been impacted by COVID-19 (Coronavirus)?

Cassava Sciences' stock was trading at $4.24 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SAVA stock has decreased by 51.9% and is now trading at $2.04. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cassava Sciences?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cassava Sciences in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cassava Sciences.

When is Cassava Sciences' next earnings date?

Cassava Sciences is scheduled to release its next quarterly earnings announcement on Monday, August 10th 2020. View our earnings forecast for Cassava Sciences.

How were Cassava Sciences' earnings last quarter?

Cassava Sciences Inc (NASDAQ:SAVA) issued its earnings results on Wednesday, May, 6th. The company reported ($0.05) EPS for the quarter. View Cassava Sciences' earnings history.

When did Cassava Sciences' stock split? How did Cassava Sciences' stock split work?

Shares of Cassava Sciences reverse split before market open on Wednesday, May 10th 2017. The 1-7 reverse split was announced on Monday, May 8th 2017. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, May 9th 2017. An investor that had 100 shares of Cassava Sciences stock prior to the reverse split would have 14 shares after the split.

What price target have analysts set for SAVA?

2 equities research analysts have issued 12-month price targets for Cassava Sciences' shares. Their forecasts range from $12.00 to $16.00. On average, they expect Cassava Sciences' stock price to reach $14.00 in the next year. This suggests a possible upside of 586.3% from the stock's current price. View analysts' price targets for Cassava Sciences.

What are Wall Street analysts saying about Cassava Sciences stock?

Here are some recent quotes from research analysts about Cassava Sciences stock:

1. According to Zacks Investment Research, "Cassava Sciences Inc. is focused on the early detection and treatment of neurodegenerative diseases, such as Alzheimer's. Cassava Sciences Inc., formerly known as Pain Therapeutics Inc., is based in Austin, United States. " (5/9/2020)
2. Maxim Group analysts commented, "Cassava announced the initiation of Phase 2b for its lead therapeutic candidate PTI-125 in mild-moderate Alzheimer’s disease (AD). The first two patients of the trial have been dosed. The Phase 2b initiation follows positive Phase 2a results (see note 9/9, LINK) in which a 100% responder rate and statistically significant reductions (p<0.001) in key AD biomarkers were noted, including an improved cerebrospinal fluid (CSF) P-tau to Aβ42 ratio (p<0.001), which has been found to correlate with cognitive deficiencies."" (9/18/2019)

Has Cassava Sciences been receiving favorable news coverage?

Headlines about SAVA stock have trended very negative recently, InfoTrie reports. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cassava Sciences earned a media sentiment score of -3.5 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutCassava Sciences.

Who are some of Cassava Sciences' key competitors?

Some companies that are related to Cassava Sciences include Gemphire Therapeutics (GEMP), IDEAYA Biosciences (IDYA), Lexicon Pharmaceuticals (LXRX), Aravive (ARAV), NuCana (NCNA), IVERIC bio (ISEE), Kalvista Pharmaceuticals (KALV), Paratek Pharmaceuticals (PRTK), Chimerix (CMRX), Five Prime Therapeutics (FPRX), Xeris Pharmaceuticals (XERS), Cerecor (CERC), vTv Therapeutics (VTVT), Avenue Therapeutics (ATXI) and Nature's Sunshine Products (NATR). View all competitors.

What other stocks do shareholders of Cassava Sciences own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cassava Sciences investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Inovio Pharmaceuticals (INO), DURECT (DRRX), Bristol-Myers Squibb (BMY), Synergy Pharmaceuticals (SGYP), Baidu (BIDU), Exelixis (EXEL), Novavax (NVAX) and Opko Health (OPK).

Who are Cassava Sciences' key executives?

Cassava Sciences' management team includes the following people:

Mr. Remi Barbier, Founder, Chairman, CEO & Pres (Age 59)
Mr. Eric J. Schoen, Chief Financial Officer (Age 51)
Dr. Nadav Friedmann, COO, Chief Medical Officer & Director (Age 76)
Dr. Michael Marsman Pharm.D., Sr. VP of Regulatory Affairs

What is Cassava Sciences' stock symbol?

Cassava Sciences trades on the NASDAQ under the ticker symbol "SAVA."

Who are Cassava Sciences' major shareholders?

Cassava Sciences' stock is owned by many different institutional and retail investors. Top institutional shareholders include Sphera Funds Management LTD. (2.48%), UBS Group AG (1.21%), Ikarian Capital LLC (1.21%), Geode Capital Management LLC (0.45%), Bank of New York Mellon Corp (0.31%) and Morgan Stanley (0.25%). Company insiders that own Cassava Sciences stock include Armistice Capital Master Fund, Armistice Capital, Llc, Eric Schoen, Remi Barbier and Sanford Robertson. View institutional ownership trends for Cassava Sciences.

Which major investors are selling Cassava Sciences stock?

SAVA stock was sold by a variety of institutional investors in the last quarter, including Bleichroeder LP, Two Sigma Investments LP, Geode Capital Management LLC, and Cetera Advisor Networks LLC. View insider buying and selling activity for Cassava Sciences.

Which major investors are buying Cassava Sciences stock?

SAVA stock was acquired by a variety of institutional investors in the last quarter, including Sphera Funds Management LTD., Ikarian Capital LLC, UBS Group AG, Morgan Stanley, Bank of New York Mellon Corp, Quinn Opportunity Partners LLC, ClariVest Asset Management LLC, and Creative Planning. Company insiders that have bought Cassava Sciences stock in the last two years include Eric Schoen, Remi Barbier, and Sanford Robertson. View insider buying and selling activity for Cassava Sciences.

How do I buy shares of Cassava Sciences?

Shares of SAVA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Cassava Sciences' stock price today?

One share of SAVA stock can currently be purchased for approximately $2.04.

How big of a company is Cassava Sciences?

Cassava Sciences has a market capitalization of $50.55 million. The company earns $-4,630,000.00 in net income (profit) each year or ($0.27) on an earnings per share basis. Cassava Sciences employs 9 workers across the globe.

What is Cassava Sciences' official website?

The official website for Cassava Sciences is www.cassavasciences.com.

How can I contact Cassava Sciences?

Cassava Sciences' mailing address is 7801 N CAPITAL OF TEXAS HIGHWAY SUITE 260, AUSTIN TX, 78731. The company can be reached via phone at 512-501-2444 or via email at [email protected]

This page was last updated on 6/2/2020 by MarketBeat.com Staff