SaverOne 2014 (NASDAQ:SVRE) Trading Down 10.2% – Here’s Why

SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE)’s share price dropped 10.2% during trading on Thursday . The stock traded as low as $1.28 and last traded at $1.2930. Approximately 119,192 shares changed hands during mid-day trading, an increase of 22% from the average daily volume of 98,053 shares. The stock had previously closed at $1.44.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Zacks Research upgraded SaverOne 2014 to a “hold” rating in a research report on Thursday, September 11th. Wall Street Zen upgraded shares of SaverOne 2014 from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of SaverOne 2014 in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

SaverOne 2014 Stock Down 10.2%

The company has a current ratio of 3.48, a quick ratio of 2.85 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average of $1.56 and a 200-day moving average of $2.86.

About SaverOne 2014

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.