While Corvus Pharmaceuticals Inc has underperformed by -4.75%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CRVS rose by 121.58%, with highs and lows ranging from $10.00 to $1.30, whereas the simple moving average fell by -15.98% in the last 200 days.
On January 02, 2025, H.C. Wainwright started tracking Corvus Pharmaceuticals Inc (NASDAQ: CRVS) recommending Buy. A report published by Oppenheimer on August 18, 2023, Initiated its previous ‘Outperform’ rating for CRVS. Jefferies also rated CRVS shares as ‘Buy’, setting a target price of $8 on the company’s shares in an initiating report dated December 01, 2021. Cantor Fitzgerald Initiated an Overweight rating on May 27, 2021, and assigned a price target of $10. Mizuho February 10, 2021d its ‘Buy’ rating to ‘Neutral’ for CRVS, as published in its report on February 10, 2021. ROTH Capital also rated the stock as ‘Buy’.
Analysis of Corvus Pharmaceuticals Inc (CRVS)
In order to gain a clear picture of Corvus Pharmaceuticals Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -200.48% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.92, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 622.21K can be a very valuable indicator of volatility for CRVS stock. On a monthly basis, the volatility of the stock is set at 7.52%, whereas on a weekly basis, it is put at 7.96%, with a loss of -6.44% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.80, showing growth from the present price of $4.21, which can serve as yet another indication of whether CRVS is worth investing in or should be passed over.
How Do You Analyze Corvus Pharmaceuticals Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 26.84%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 36.15% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CRVS shares are owned by institutional investors to the tune of 36.15% at present.
