Sunday, June 26, 2022

Director RAMSAY DAVID A bought 39,000 shares of Savara Inc. [SVRA]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Savara Inc. shares valued at $56,355 were purchased by RAMSAY DAVID A on Jun 22. At $1.45 per share, RAMSAY DAVID A acquired 39,000 shares. The insider’s holdings grew to 1,601,142 shares worth approximately $2.39 million following the completion of this transaction.

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Also, RAMSAY DAVID A purchased 21,094 shares, netting a total of over 29,110 in proceeds. Following the buying of shares at $1.38 each, the insider now holds 1,562,142 shares.

Before that, RAMSAY DAVID A had added 39,906 shares to its account. In a trade valued at $52,915, the Director bought Savara Inc. shares for $1.33 each. Upon closing the transaction, the insider’s holdings increased to 39,906 shares, worth approximately $2.3 million.

As published in their initiating research note from Piper Sandler on March 16, 2021, Savara Inc. [SVRA] has been an Overweight and the price target has been revised to $7. This represents a 78.71% premium over Wednesday’s closing price. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid March. As of June 13, 2019, H.C. Wainwright has reiterated its “Buy” rating for SVRA. Earlier on June 13, 2019, Ladenburg Thalmann downgraded its rating. Their new recommendation was “a Neutral” for SVRA stock which previously was a “a Buy”.

Analyzing SVRA’s Price Performance

On Wednesday, Savara Inc. [NASDAQ: SVRA] rose 5.67% to $1.49. The stock’s lowest price that day was $1.39, but it reached a high of $1.50 in the same session. During the last five days, there has been a surge of approximately 8.76%. Over the course of the year, Savara Inc. shares have jumped approximately 20.16%. Shares of the company reached a 52-week high of $1.5200 on 06/08/22 and a 52-week low of $1.0200 on 03/14/22. A 50-day SMA is recorded $1.2891, while a 200-day SMA reached $1.2351. Nevertheless, trading volume fell to 0.3 million shares from 93700.0 shares the previous day.

Support And Resistance Levels for Savara Inc. (SVRA)

According to the 24-hour chart, there is a support level at 1.4200, which, if violated, would cause prices to drop to 1.3500. In the upper region, resistance lies at 1.5300. The next price resistance is at 1.5700. RSI (Relative Strength Index) is 63.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0071, which suggests the price will decrease in the coming days. Percent R is at 10.34%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Savara Inc. subject to short interest?

Stocks of Savara Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by -0.2 million shares to 0.96 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 1.16 million shares. A decline of -20.95% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 9.97 of the overall float, the days-to-cover ratio (short ratio) decline to 9.97.

Which companies own the most shares of Savara Inc. (SVRA)?

According to Farallon Capital Management LLC filings, the company currently owns 8,505,403 shares, which is about 7.46% of the total SVRA shares outstanding. The investor’s shares have appreciated by 735,141 from its previous 13-F filing of 7770262.0 shares. With the completion of the sale, Caxton Corp.’s stake is now worth $9,034,482. Adage Capital Management LP reduced a 0.00% interest valued at $8.99 million while The Vanguard Group, Inc. sold a 0 stake. A total of 37 shares of Savara Inc. were sold by AXA Investment Managers UK Ltd. during the quarter, and 82,861 were bought by Ikarian Capital LLC. In its current portfolio, Geode Capital Management LLC holds 1,201,279 shares valued at $1.57 million.

In terms of Savara Inc. share price expectations, FactSet research, analysts set an average price target of $4.00 in the next 12 months, up nearly 112.77% from the previous closing price of $1.41. Analysts anticipate Savara Inc. stock to reach $7.00 by 2022, with the lowest price target being $2.00. In spite of this, 5 analysts ranked Savara Inc. stock as a Buy at the end of 2022.

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