On Monday, Corvus Pharmaceuticals Inc (NASDAQ: CRVS) opened lower -8.82% from the last session, before settling in for the closing price of $4.99. Price fluctuations for CRVS have ranged from $1.30 to $10.00 over the past 52 weeks.
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Company’s average yearly earnings per share was noted -65.36% at the time writing. With a float of $50.33 million, this company’s outstanding shares have now reached $62.58 million.
Let’s determine the extent of company efficiency that accounts for 28 employees. In terms of profitability, gross margin is 70.73%, operating margin of -10200.81%, and the pretax margin is -23102.85%.
Corvus Pharmaceuticals Inc (CRVS) Insider Activity
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Corvus Pharmaceuticals Inc is 21.68%, while institutional ownership is 28.59%. The most recent insider transaction that took place on May 06 ’24, was worth 34,624. In this transaction an insider of this company bought 20,000 shares at a rate of $1.73, taking the stock ownership to the 153,773 shares. Before that another transaction happened on May 06 ’24, when Company’s President and CEO bought 577,634 for $1.73, making the entire transaction worth $1,000,000. This insider now owns 577,634 shares in total.
Corvus Pharmaceuticals Inc (CRVS) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -65.36% per share during the next fiscal year.
Corvus Pharmaceuticals Inc (NASDAQ: CRVS) Trading Performance Indicators
Check out the current performance indicators for Corvus Pharmaceuticals Inc (CRVS). In the past quarter, the stock posted a quick ratio of 0.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.93, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.47 in one year’s time.
Technical Analysis of Corvus Pharmaceuticals Inc (CRVS)
Looking closely at Corvus Pharmaceuticals Inc (NASDAQ: CRVS), its last 5-days average volume was 4.35 million, which is a jump from its year-to-date volume of 0.48 million. As of the previous 9 days, the stock’s Stochastic %D was 23.64%. Additionally, its Average True Range was 0.79.
During the past 100 days, Corvus Pharmaceuticals Inc’s (CRVS) raw stochastic average was set at 26.15%, which indicates a significant increase from 16.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 194.31% in the past 14 days, which was higher than the 109.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.02, while its 200-day Moving Average is $4.13. However, in the short run, Corvus Pharmaceuticals Inc’s stock first resistance to watch stands at $4.83. Second resistance stands at $5.10. The third major resistance level sits at $5.26. If the price goes on to break the first support level at $4.40, it is likely to go to the next support level at $4.24. Should the price break the second support level, the third support level stands at $3.97.
Corvus Pharmaceuticals Inc (NASDAQ: CRVS) Key Stats
There are currently 64,257K shares outstanding in the company with a market cap of 292.37 million. Presently, the company’s annual sales total 0 K according to its annual income of -27,030 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -40,220 K.
