CervoMed (CRVO) Stock Price, News & Analysis

Company Overview

CervoMed Inc., a biotechnology company, engages in the development and commercialization of treatments for age-related neurologic disorders. Its lead drug candidate is neflamapimod, an orally administered small molecule brain penetrant for the treatment of dementia with Lewy bodies (DLB), Alzheimer's diseases, frontotemporal dementia, and ischemic stroke recovery. The company also develops EIP200 for central nervous system which is in preclinical trials. CervoMed Inc. was founded in 2010 and is headquartered in Boston, Massachusetts.

Key Stats

• Today's Range: $9.31 to $10.38
• 50-Day Range: $9.64 to $17.51
• 52-Week Range: $5.85 to $26.38
• Volume: 62,523 shs
• Average Volume: 79,320 shs
• Market Capitalization: $59.48 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $53.60
• Consensus Rating: Buy

CervoMed Stock Analysis - MarketRank™

CervoMed scored higher than 27% of companies evaluated by MarketBeat, and ranked 844th out of 963 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

CervoMed has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

CervoMed has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for CervoMed are expected to decrease in the coming year, from ($1.73) to ($2.34) per share.

Price to Book Value per Share Ratio

CervoMed has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

27.66% of the float of CervoMed has been sold short.

Short Interest Ratio / Days to Cover

CervoMed has a short interest ratio ("days to cover") of 18.2, which indicates bearish sentiment.

Change versus previous month

Short interest in CervoMed has recently increased by 16.54%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

CervoMed does not currently pay a dividend.

Dividend Growth

CervoMed does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

27.66% of the float of CervoMed has been sold short.

Short Interest Ratio / Days to Cover

CervoMed has a short interest ratio ("days to cover") of 18.2, which indicates bearish sentiment.

Change versus previous month

Short interest in CervoMed has recently increased by 16.54%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.25

News Sentiment

CervoMed has a news sentiment score of 0.25. 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 is a lower news sentiment than the 0.46 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for CervoMed this week, compared to 2 articles on an average week.

MarketBeat Follows

Only 2 people have added CervoMed to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, CervoMed insiders have not sold or bought any company stock.

Percentage Held by Insiders

36.30% of the stock of CervoMed is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 25.15% of the stock of CervoMed is held by institutions.

CRVO Stock Analysis - Frequently Asked Questions

How have CRVO shares performed this year?

CervoMed's stock was trading at $7.63 at the beginning of 2024. Since then, CRVO shares have increased by 26.3% and is now trading at $9.64.
View the best growth stocks for 2024 here.

How were CervoMed's earnings last quarter?

CervoMed Inc. (NASDAQ:CRVO) announced its quarterly earnings data on Tuesday, November, 12th. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.41) by $0.14. The company earned $1.94 million during the quarter, compared to analyst estimates of $1.75 million. CervoMed had a negative net margin of 118.68% and a negative trailing twelve-month return on equity of 44.11%.

Who are CervoMed's major shareholders?

Top institutional shareholders of CervoMed include Ikarian Capital LLC (3.28%), Geode Capital Management LLC (1.86%), State Street Corp (1.69%) and Citizens Financial Group Inc. RI (0.49%).

How do I buy shares of CervoMed?

Shares of CRVO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CervoMed own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CervoMed investors own include Zomedica (ZOM), Jumia Technologies (JMIA), Nano Dimension (NNDM), NVIDIA (NVDA), Broadcom (AVGO), Arista Networks (ANET) and e.l.f. Beauty (ELF).

Company Calendar

• Last Earnings: 11/12/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 4/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Pharmaceutical preparations
• Sub-Industry: Pharmaceutical Products
• Current Symbol: NASDAQ:CRVO
• Previous Symbol: NASDAQ:CRVO
• CUSIP: N/A
• CIK: 1053691
• Web: diffusionpharma.com
• Phone: 14342200718
• Fax: 434-220-0722
• Employees: 4
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $53.60
• High Stock Price Target: $65.00
• Low Stock Price Target: $35.00
• Potential Upside/Downside: +456.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-2,170,000.00
• Net Margins: -118.68%
• Pretax Margin: -118.68%
• Return on Equity: -44.11%
• Return on Assets: -39.81%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 15.04
• Quick Ratio: 15.04

Sales & Book Value

• Annual Sales: $7.14 million
• Price / Sales: 8.33
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.30 per share
• Price / Book: 7.42

Miscellaneous

• Outstanding Shares: 6,170,000
• Free Float: 3,930,000
• Market Cap: $59.48 million
• Optionable: Not Optionable
• Beta: 1.63