During the last session, CervoMed Inc (NASDAQ:CRVO)’s traded shares were 0.6 million, with the beta value of the company hitting 1.65. At the end of the trading day, the stock’s price was $1.90, reflecting an intraday loss of -1.55% or -$0.03. The 52-week high for the CRVO share is $26.38, that puts it down -1288.42 from that peak though still a striking 3.68% gain since the share price plummeted to a 52-week low of $1.83. The company’s market capitalization is $15.68M, and the average intraday trading volume over the past 10 days was 1.47 million shares, and the average trade volume was 311.63K shares over the past three months.
CervoMed Inc (CRVO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.50. CRVO has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it.
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CervoMed Inc (NASDAQ:CRVO) trade information
CervoMed Inc (CRVO) registered a -1.55% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.55% in intraday trading to $1.90, hitting a weekly high. The stock’s 5-day price performance is -84.05%, and it has moved by -83.07% in 30 days. Based on these gigs, the overall price performance for the year is -78.43%. The short interest in CervoMed Inc (NASDAQ:CRVO) is 1.92 million shares and it means that shorts have 15.72 day(s) to cover.
The consensus price target of analysts on Wall Street is $16.32, which implies an increase of 88.36% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $16.32 and $16.32 respectively. As a result, CRVO is trading at a discount of -758.95% off the target high and -758.95% off the low.
CervoMed Inc (CRVO) estimates and forecasts
Statistics show that CervoMed Inc has underperformed its competitors in share price, compared to the industry in which it operates. CervoMed Inc (CRVO) shares have gone down -90.01% during the last six months, with a year-to-date growth rate less than the industry average at -115.85% against 17.10.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 73.43%. While earnings are projected to return -123.78% in 2024.
CRVO Dividends
CervoMed Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
