Corvus Pharmaceuticals Inc (NASDAQ: CRVS) Surprises Bears, Looks Strong Going Forward

In the last trading session, 1.11 million Corvus Pharmaceuticals Inc (NASDAQ:CRVS) shares changed hands as the company’s beta touched 0.90. With the company’s per share price at $3.94 changed hands at -$0.15 or -3.67% during last session, the market valuation stood at $253.17M. CRVS’s last price was a discount, traded about -153.81% off its 52-week high of $10.00. The share price had its 52-week low at $1.30, which suggests the last value was 67.01% up since then.

Analysts gave the Corvus Pharmaceuticals Inc (CRVS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended CRVS as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Corvus Pharmaceuticals Inc’s EPS for the current quarter is expected to be -0.12.

Corvus Pharmaceuticals Inc (NASDAQ:CRVS) trade information

Instantly CRVS was in red as seen at the end of in last trading. With action -17.40%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -26.36%, with the 5-day performance at -17.40% in the red. However, in the 30-day time frame, Corvus Pharmaceuticals Inc (NASDAQ:CRVS) is -25.38% down.

The consensus price target for the stock as assigned by Wall Street analysts is 12.5, meaning bulls need an upside of 68.48% from its current market value. According to analyst projections, CRVS’s forecast low is 12 with 13 as the target high. To hit the forecast high, the stock’s price needs a -229.95% plunge from its current level, while the stock would need to soar -204.57% for it to hit the projected low.

According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 0.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.89%. The 2025 estimates are for Corvus Pharmaceuticals Inc earnings to decrease by -64.58%, but the outlook for the next 5-year period is at -2.42% per year.

CRVS Dividends

Corvus Pharmaceuticals Inc is expected to release its next quarterly earnings report in March.

SAMLYN CAPITAL, LLC holds the second largest percentage of outstanding shares, with 10.2546% or 6.12 million shares worth $11.14 million as of 2024-06-30.

Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . With 1.58 shares estimated at $6.23 million under it, the former controlled 2.46% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.19% of the shares, roughly 767.02 shares worth around $3.02 million.