Cassava Sciences (NASDAQ:SAVA) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

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Cassava Sciences (NASDAQ:SAVA) posted its earnings results on Monday. The company reported ($0.06) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.04, Bloomberg Earnings reports.

SAVA opened at $1.23 on Wednesday. The stock has a 50 day moving average of $1.34. Cassava Sciences has a twelve month low of $0.76 and a twelve month high of $2.99. The firm has a market cap of $21.18 million, a price-to-earnings ratio of -2.02 and a beta of 1.63.

Several equities research analysts recently weighed in on SAVA shares. ValuEngine upgraded Cassava Sciences from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. HC Wainwright started coverage on Cassava Sciences in a report on Thursday, August 1st. They issued a “buy” rating and a $3.00 target price for the company. Finally, Maxim Group restated a “buy” rating on shares of Cassava Sciences in a report on Tuesday.

About Cassava Sciences

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.

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Earnings History for Cassava Sciences (NASDAQ:SAVA)

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