SaverOne 2014 (NASDAQ:SVRE) Trading Down 8.5% – What’s Next?

SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE)’s share price was down 8.5% during mid-day trading on Friday . The company traded as low as $0.7701 and last traded at $0.8414. Approximately 126,253 shares changed hands during trading, an increase of 80% from the average daily volume of 70,286 shares. The stock had previously closed at $0.92.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SVRE shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SaverOne 2014 in a report on Tuesday, November 11th. Wall Street Zen upgraded SaverOne 2014 from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Zacks Research upgraded SaverOne 2014 to a “hold” rating in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

SaverOne 2014 Trading Down 8.5%

The firm’s fifty day moving average price is $1.32 and its 200 day moving average price is $2.28. The company has a quick ratio of 2.85, a current ratio of 3.48 and a debt-to-equity ratio of 0.02.

Shares of SaverOne 2014 are set to reverse split on Wednesday, December 10th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, December 9th.

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.