Corvus Pharmaceuticals Inc (NASDAQ: CRVS) is 158.52% higher on its value in year-to-date trading and has touched a low of $1.30 and a high of $10.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CRVS stock was last observed hovering at around $4.99 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $4.55, the stock is -39.53% and -43.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing -8.82% at the moment leaves the stock 10.28% off its SMA200. CRVS registered 174.10% gain for a year compared to 6-month gain of 155.62%. The firm has a 50-day simple moving average (SMA 50) of $8.053 and a 200-day simple moving average (SMA200) of $4.11375.
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The stock witnessed a -49.11% loss in the last 1 month and extending the period to 3 months gives it a -12.16%, and is -34.06% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 18.89% over the week and 9.47% over the month.
Corvus Pharmaceuticals Inc (CRVS) has around 28 employees, a market worth around $292.37M and $0.00M in sales. Distance from 52-week low is 250.00% and -54.50% from its 52-week high. The company has generated returns on investments over the last 12 months (-458.00%).
The EPS is expected to shrink by -65.36% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
Corvus Pharmaceuticals Inc (CRVS) Top Institutional Holders
60.0 institutions hold shares in Corvus Pharmaceuticals Inc (CRVS), with institutional investors hold 46.34% of the company’s shares. The shares outstanding are 62.58M, and float is at 50.33M with Short Float at 6.98%. Institutions hold 44.47% of the Float.
The top institutional shareholder in the company is ORBIMED ADVISORS LLC with over 6.94 million shares valued at $12.64 million. The investor’s holdings represent 14.1596% of the CRVS Shares outstanding. As of 2024-06-30, the second largest holder is SAMLYN CAPITAL, LLC with 6.12 million shares valued at $11.14 million to account for 12.4861 of the shares outstanding. The other top investors are POINT72 ASSET MANAGEMENT, L.P. which holds 5.96 million shares representing 12.1629% and valued at over $10.86 million, while ADAMS STREET PARTNERS LLC holds 6.6797 of the shares totaling 3.28 million with a market value of $5.96 million.
Corvus Pharmaceuticals Inc (CRVS) Insider Activity
The most recent transaction is an insider purchase by Jones William Benton. SEC filings show that Jones William Benton bought 20,000 shares of the company’s common stock on May 06 ’24 at a price of $1.73 per share for a total of $34624.0. Following the purchase, the insider now owns 0.15 million shares.
Corvus Pharmaceuticals Inc disclosed in a document filed with the SEC on May 06 ’24 that MILLER RICHARD A MD (President and CEO) bought a total of 577,634 shares of the company’s common stock. The trade occurred on May 06 ’24 and was made at $1.73 per share for $1.0 million. Following the transaction, the insider now directly holds 0.58 million shares of the CRVS stock.
