SaverOne 2014 (NASDAQ:SVRE) Trading Down 4.2% – Here’s Why

SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE)’s stock price was down 4.2% during mid-day trading on Monday . The company traded as low as $2.45 and last traded at $2.72. Approximately 24,644 shares were traded during mid-day trading, a decline of 36% from the average session volume of 38,290 shares. The stock had previously closed at $2.84.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded SaverOne 2014 from a “sell (e+)” rating to a “sell (e)” rating in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, SaverOne 2014 currently has a consensus rating of “Reduce”.

SaverOne 2014 Stock Performance

The company’s fifty day moving average is $4.25 and its two-hundred day moving average is $4.36. The company has a quick ratio of 1.88, a current ratio of 2.34 and a debt-to-equity ratio of 0.02.

SaverOne 2014 (NASDAQ:SVRE) last posted its quarterly earnings results on Friday, March 27th. The company reported ($51.79) EPS for the quarter, missing the consensus estimate of ($45.99) by ($5.80). The business had revenue of $0.05 million for the quarter, compared to the consensus estimate of $1.83 million.

Insider Activity

In other news, Director Visionwave Holdings, Inc. bought 5,529,600 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average price of $4.00 per share, for a total transaction of $22,118,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

SaverOne 2014 Company Profile

SaverOne 2014 Ltd, a technology company, engages in the design, development, and commercialization of transportation and safety solutions to save lives by preventing car accidents. The company is developing SaverOne Driver Distraction Prevention Solution system, an advanced driver safety solution that can identify and monitor mobile phones located in the driver's vicinity and selectively block use of life-threatening applications; and solutions for detection of vulnerable road users. The company was incorporated in 2014 and is headquartered in Petah Tikva, Israel.