SaverOne 2014 (NASDAQ:SVRE) Stock Falls 10.8% – What’s Next?

Shares of SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE) fell 10.8% on Monday. The company traded as low as $1.14 and last traded at $1.24. Approximately 65,000 shares were traded during trading, an increase of 31% from the average session volume of 49,522 shares. The stock had previously closed at $1.39.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SaverOne 2014 in a report on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

SaverOne 2014 Stock Performance

The stock has a 50 day moving average price of $2.72 and a two-hundred day moving average price of $3.40.

SaverOne 2014 Company Profile

SaverOne 2014 Ltd. is an Israeli technology company focused on improving road safety by reducing driver distraction caused by mobile devices. The company develops solutions designed to limit the use of distracting smartphone applications and functions while a vehicle is in motion.

Its primary offering, the SaverOne system, combines vehicle-installed technology and software to identify the driver’s device and restrict access to selected applications, notifications and communications. The system is designed to permit essential or authorized functions while helping prevent activities such as messaging and other non-driving-related smartphone use.

SaverOne markets its technology to commercial fleets, transportation operators and other organizations seeking to promote safer driving practices.