NASDAQ:CRVS

Corvus Pharmaceuticals (CRVS) Stock Forecast, Price & News

$3.86

+0.36 (+10.29%)

(As of 06/8/2023 ET)

Compare

Today's Range: $3.60
▼
$4.00
50-Day Range: $0.79
▼
$3.50
52-Week Range: $0.61
▼
$4.00

Volume: 1.32 million shs
Average Volume: 542,399 shs
Market Capitalization: $179.76 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.83

Corvus Pharmaceuticals MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 51.1% Upside
$5.83 Price Target
Short Interest: Healthy
1.32% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$24,500 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.19 out of 5 stars

Medical Sector

335th out of 981 stocks

Pharmaceutical Preparations Industry

153rd out of 475 stocks

3.3

Analyst's Opinion

Consensus Rating
Corvus Pharmaceuticals has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.83, Corvus Pharmaceuticals has a forecasted upside of 51.1% from its current price of $3.86.
Amount of Analyst Coverage
Corvus Pharmaceuticals has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.32% of the float of Corvus Pharmaceuticals has been sold short.
Short Interest Ratio / Days to Cover
Corvus Pharmaceuticals has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Corvus Pharmaceuticals has recently increased by 209.23%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Corvus Pharmaceuticals does not currently pay a dividend.
Dividend Growth
Corvus Pharmaceuticals does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CRVS.

2.5

News and Social Media Coverage

News Sentiment
Corvus Pharmaceuticals has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Corvus Pharmaceuticals this week, compared to 1 article on an average week.
Search Interest
19 people have searched for CRVS on MarketBeat in the last 30 days.
MarketBeat Follows
11 people have added Corvus Pharmaceuticals to their MarketBeat watchlist in the last 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Corvus Pharmaceuticals insiders have bought more of their company's stock than they have sold. Specifically, they have bought $24,500.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
31.30% of the stock of Corvus Pharmaceuticals is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
47.45% of the stock of Corvus Pharmaceuticals is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Corvus Pharmaceuticals are expected to remain at ($0.55) per share in the coming year.
Price to Earnings Ratio vs. the Market
The P/E ratio of Corvus Pharmaceuticals is -4.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Corvus Pharmaceuticals is -4.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Corvus Pharmaceuticals has a P/B Ratio of 3.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Corvus Pharmaceuticals (NASDAQ:CRVS) Stock

Corvus Pharmaceuticals, Inc., a clinical stage biopharmaceutical company, focuses on the development and commercialization of immuno-oncology therapies. Its lead product candidate is Mupadolimab (CPI-006), an anti-CD73 monoclonal antibody, which is in Phase I/Ib clinical trial for non-small cell lung cancer and head and neck cancers. The company also develops CPI-818, a covalent inhibitor of ITK, which is in Phase I/Ib clinical trial to treat patients with various malignant T-cell lymphomas, as well as designed to inhibit the proliferation of certain malignant T-cells; and Ciforadenant (CPI-444), an oral, small molecule antagonist of the A2A receptor that is in Phase II clinical trial for patients with advanced or refractory renal cell cancer. Its preclinical stage products include CPI-182, an antibody designed to block inflammation and myeloid suppression; and CPI-935, an adenosine A2B receptor antagonist to prevent fibrosis. Corvus Pharmaceuticals, Inc. has a strategic collaboration with Angel Pharmaceuticals. Corvus Pharmaceuticals, Inc. was incorporated in 2014 and is based in Burlingame, California.

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CRVS Stock News Headlines

June 4, 2023 | finance.yahoo.com

Individual investors among Corvus Pharmaceuticals, Inc.'s (NASDAQ:CRVS) largest shareholders, saw gain in holdings value after stock jumped 23% last week

May 31, 2023 | finance.yahoo.com

Corvus Pharmaceuticals to Present at the Jefferies Healthcare Conference

June 8, 2023 | Legacy Research (Affiliate) (Ad)

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May 30, 2023 | msn.com

Ladenburg Thalmann Maintains Corvus Pharmaceuticals (CRVS) Buy Recommendation

May 30, 2023 | americanbankingnews.com

LADENBURG THALM/SH SH Increases Corvus Pharmaceuticals (NASDAQ:CRVS) Price Target to $10.00

May 26, 2023 | finance.yahoo.com

Is Aquestive Therapeutics (AQST) Stock Outpacing Its Medical Peers This Year?

May 21, 2023 | americanbankingnews.com

Corvus Pharmaceuticals (NASDAQ:CRVS) Research Coverage Started at StockNews.com

May 18, 2023 | americanbankingnews.com

Corvus Pharmaceuticals, Inc. (NASDAQ:CRVS) Director Buys $24,500.00 in Stock

June 8, 2023 | Behind the Markets (Ad)

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May 17, 2023 | finance.yahoo.com

Corvus Pharmaceuticals to Present New CPI-818 Data at the International Conference on Malignant Lymphoma

May 12, 2023 | seekingalpha.com

Corvus Pharmaceuticals: Targeting $1 Billion/Year U.S. T-Cell Lymphoma Market

May 12, 2023 | finance.yahoo.com

Corvus Pharma (CRVS) Stock Surges 69.2% in a Week: Here's Why

May 10, 2023 | finanznachrichten.de

Corvus Pharmaceuticals, Inc.: Corvus Pharmaceuticals Provides Business Update and Reports First Quarter 2023 Financial Results

May 10, 2023 | benzinga.com

Why Are Corvus Pharmaceuticals Trading Higher Today

May 9, 2023 | msn.com

Cantor Fitzgerald Maintains Corvus Pharmaceuticals (CRVS) Overweight Recommendation

May 9, 2023 | americanbankingnews.com

Corvus Pharmaceuticals (NASDAQ:CRVS) Price Target Raised to $4.00 at Cantor Fitzgerald

May 9, 2023 | americanbankingnews.com

Corvus Pharmaceuticals (NASDAQ:CRVS) Receives New Coverage from Analysts at StockNews.com

May 7, 2023 | americanbankingnews.com

Corvus Pharmaceuticals (CRVS) Set to Announce Earnings on Monday

April 29, 2023 | americanbankingnews.com

Corvus Pharmaceuticals (NASDAQ:CRVS) Now Covered by StockNews.com

April 21, 2023 | americanbankingnews.com

Corvus Pharmaceuticals (NASDAQ:CRVS) Coverage Initiated at StockNews.com

April 20, 2023 | finance.yahoo.com

Corvus Pharmaceuticals to Provide Business Update and Report First Quarter 2023 Financial Results on May 8, 2023

April 17, 2023 | finance.yahoo.com

Corvus Pharmaceuticals Presents New CPI-818 Data Demonstrating the Potential of ITK Inhibition as a Treatment for Solid and Hematologic Cancers at the American Association for Cancer Research (AACR) Annual Meeting

April 13, 2023 | americanbankingnews.com

StockNews.com Initiates Coverage on Corvus Pharmaceuticals (NASDAQ:CRVS)

April 5, 2023 | americanbankingnews.com

Cantor Fitzgerald Brokers Boost Earnings Estimates for Corvus Pharmaceuticals, Inc. (NASDAQ:CRVS)

April 4, 2023 | bizjournals.com

Corvus Pharmaceuticals cut its CEO's base salary by $265,000. Here's the catch.

April 4, 2023 | americanbankingnews.com

Corvus Pharmaceuticals (NASDAQ:CRVS) Coverage Initiated by Analysts at StockNews.com

April 3, 2023 | finance.yahoo.com

CPI-818 Data Highlights Potential for ITK Inhibition as a New Immunotherapy Approach for the Treatment of T Cell Lymphoma

See More Headlines

CRVS Price History

30 days | 90 days | 365 days | Advanced Chart

CRVS Company Calendar

Last Earnings: 3/28/2023
Today: 6/08/2023
Next Earnings (Estimated): 8/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Pharmaceutical preparations
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:CRVS
CUSIP: N/A
CIK: 1626971
Web: www.corvuspharma.com
Phone: (650) 900-4520
Fax: N/A
Employees: 29
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $5.83
High Stock Price Forecast: $10.00
Low Stock Price Forecast: $3.50
Forecasted Upside/Downside: +54.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.88)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-41,310,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -65.40%
Return on Assets: -54.63%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.29
Quick Ratio: 4.29

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.21 per share
Price / Book: 3.12

Miscellaneous

Outstanding Shares: 46,570,000
Free Float: 31,993,000
Market Cap: $176.03 million
Optionable: Not Optionable
Beta: 1.07

Key Executives

Dr. Richard A. Miller M.D. (Age 72)
Co-Founder, Pres, CEO & Chairman
Comp: $306k

Dr. Peter A. Thompson FACP (Age 63)
M.D., Co-Founder & Independent Director
Comp: $47k

Mr. Leiv Lea (Age 69)
Chief Financial Officer
Comp: $388.73k

Dr. William Benton Jones Ph.D. (Age 57)
Sr. VP of Pharmaceutical Devel.
Comp: $346.42k

Dr. James T. Rosenbaum M.D.
Sr. VP of Research

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CRVS Stock - Frequently Asked Questions

Should I buy or sell Corvus Pharmaceuticals stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Corvus Pharmaceuticals in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CRVS shares.
View CRVS analyst ratings or view top-rated stocks.
What is Corvus Pharmaceuticals' stock price forecast for 2023?: 3 brokerages have issued 12-month price objectives for Corvus Pharmaceuticals' stock. Their CRVS share price forecasts range from $3.50 to $10.00. On average, they anticipate the company's stock price to reach $5.83 in the next year. This suggests a possible upside of 54.3% from the stock's current price.
View analysts price targets for CRVS or view top-rated stocks among Wall Street analysts.
How have CRVS shares performed in 2023?: Corvus Pharmaceuticals' stock was trading at $0.85 at the beginning of the year. Since then, CRVS shares have increased by 344.7% and is now trading at $3.78.
View the best growth stocks for 2023 here.
Are investors shorting Corvus Pharmaceuticals?: Corvus Pharmaceuticals saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 455,500 shares, an increase of 209.2% from the April 30th total of 147,300 shares. Based on an average daily trading volume, of 713,100 shares, the short-interest ratio is currently 0.6 days. Currently, 1.3% of the company's stock are short sold.
View Corvus Pharmaceuticals' Short Interest.
When is Corvus Pharmaceuticals' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our CRVS earnings forecast.
How were Corvus Pharmaceuticals' earnings last quarter?: Corvus Pharmaceuticals, Inc. (NASDAQ:CRVS) posted its quarterly earnings results on Tuesday, March, 28th. The company reported ($0.21) earnings per share (EPS) for the quarter.
What is Richard A. Miller, MD's approval rating as Corvus Pharmaceuticals' CEO?: 4 employees have rated Corvus Pharmaceuticals Chief Executive Officer Richard A. Miller, MD on Glassdoor.com. Richard A. Miller, MD has an approval rating of 100% among the company's employees. This puts Richard A. Miller, MD in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 73.0% of employees surveyed would recommend working at Corvus Pharmaceuticals to a friend.

What other stocks do shareholders of Corvus Pharmaceuticals own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Corvus Pharmaceuticals investors own include Sorrento Therapeutics (SRNE), Matinas BioPharma (MTNB), ADMA Biologics (ADMA), Dynavax Technologies (DVAX), Vaxart (VXRT), Zosano Pharma (ZSAN), SCYNEXIS (SCYX), Miragen Therapeutics (MGEN), Aldeyra Therapeutics (ALDX) and Bionano Genomics (BNGO).
When did Corvus Pharmaceuticals IPO?: (CRVS) raised $75 million in an IPO on Wednesday, March 23rd 2016. The company issued 4,700,000 shares at a price of $15.00-$17.00 per share. Credit Suisse and Cowen and Company served as the underwriters for the IPO and Guggenheim Securities, Cantor Fitzgerald and BTIG were co-managers.
What is Corvus Pharmaceuticals' stock symbol?: Corvus Pharmaceuticals trades on the NASDAQ under the ticker symbol "CRVS."
Who are Corvus Pharmaceuticals' major shareholders?: Corvus Pharmaceuticals' stock is owned by many different institutional and retail investors. Top institutional shareholders include CHI Advisors LLC (5.02%), Renaissance Technologies LLC (1.09%), Two Sigma Investments LP (0.44%), Two Sigma Advisers LP (0.40%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Ecor1 Capital, Llc, Holdings A/S Novo, Leiv Lea, Linda Grais, Orbimed Advisors Llc, Richard A Md Miller and William Benton Jones.
View institutional ownership trends.
How do I buy shares of Corvus Pharmaceuticals?: Shares of CRVS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Corvus Pharmaceuticals' stock price today?: One share of CRVS stock can currently be purchased for approximately $3.78.
How much money does Corvus Pharmaceuticals make?: Corvus Pharmaceuticals (NASDAQ:CRVS) has a market capitalization of $176.03 million. The company earns $-41,310,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis.
How can I contact Corvus Pharmaceuticals?: Corvus Pharmaceuticals' mailing address is 863 Mitten Road Suite102, BURLINGAME CA, 94010. The official website for the company is www.corvuspharma.com. The company can be reached via phone at (650) 900-4520 or via email at llea@corvuspharma.com.

This page (NASDAQ:CRVS) was last updated on 6/8/2023 by MarketBeat.com Staff

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