The shares of Cassava Sciences Inc. (NASDAQ:SAVA) has been pegged with a rating of Buy by Maxim Group in its latest research note that was published on January 10, 2020. The Healthcare company has also assigned a $12 price target. Maxim Group wasn’t the only research firm that published a report of Cassava Sciences Inc., with other equities research analysts also giving their opinion on the stock.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 0 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Buy while its average price target is $12.00. The price of the stock the last time has raised by 315.00% from its 52-Week high price while it is -62.10% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 40.21.
The shares of the company dipped by -4.82% during the trading session on Wednesday, reaching a low of $4.15 while ending the day at $4.15. During the trading session, a total of 721206.0 shares were traded which represents a 80.77% incline from the average session volume which is 3.75 million shares. SAVA had ended its last session trading at $4.36. Cassava Sciences Inc. debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 20.10 SAVA 52-week low price stands at $1.00 while its 52-week high price is $10.95.
The company in its last quarterly report recorded -$0.04 earnings per share which is above the predicted by most analysts. The Cassava Sciences Inc. generated 17.8 million in revenue during the last quarter. In the second quarter last year, the firm recorded -$0.06 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -0.0%.
Investment analysts at National Securities published a research note on March 25, 2020 where it informed investors and clients that Mitek Systems Inc. (NASDAQ:MITK) is now rated as Buy. Their price target on the stock stands at $11. ROTH Capital also rated MITK as Downgrade on November 15, 2019, with its price target of $8 suggesting that MITK could surge by 26.06% from its current share price. Even though the stock has been trading at $6.93/share, analysts expect it to surge by 8.51% to reach $10.17/share. It started the day trading at $7.77 and traded between $6.96 and $7.52 throughout the trading session.
A look at its technical shows that MITK’s 50-day SMA is 8.60 while its 200-day SMA stands at 9.03. The stock has a high of $13.07 for the year while the low is $5.26. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 1.22 M shorted shares, the short percentage went lower by -5.76%, as 1.15M SAVA shares were shorted. At the moment, only 3.10% of Mitek Systems Inc. shares were sold short. The company’s P/E ratio currently sits at 101.62, while the P/B ratio is 2.73. The company’s average trading volume currently stands at 431.65K shares, which means that the short-interest ratio is just 2.84 days. Over the past seven days, the company moved, with its shift of 35.25%. Looking further, the stock has dropped -0.92% over the past 90 days while it lost -23.11% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. bought more MITK shares, increasing its portfolio by 21.18% during the last quarter. This move now sees The The Vanguard Group, Inc. purchasing 393,076 shares in the last quarter, thus it now holds 2,248,774 shares of MITK, with a total valuation of $19,586,822.
Similarly, Toronado Partners LLC increased its Mitek Systems Inc. shares by 29.45% during the recently filed quarter. After buying 1,686,834 shares in the last quarter, the firm now controls 383,750 shares of Mitek Systems Inc. which are valued at $14,692,324. In the same vein, GO ETF Solutions LLP increased its Mitek Systems Inc. shares by during the most recent reported quarter. The firm sold 46,833 shares during the quarter which increased its stakes to 1,474,179 shares and is now valued at $12,840,099. Following these latest developments, around 3.70% of Mitek Systems Inc. stocks are owned by institutional investors and hedge funds.