For the readers interested in the stock health of Corvus Pharmaceuticals Inc. (CRVS). It is currently valued at $4.57. When the transactions were called off in the previous session, Stock hit the highs of $4.58, after setting-off with the price of $3.95. Company’s stock value dipped to $3.89 during the trading on the day. When the trading was stopped its value was $3.76.
Recently in News on February 17, 2021, Corvus Pharmaceuticals Announces Closing of Public Offering of Common Stock. Corvus Pharmaceuticals, Inc. (NASDAQ:CRVS), a clinical-stage biopharmaceutical company, today announced the completion of its previously announced underwritten public offering of 9,783,660 shares of its common stock, which includes 1,212,231 shares of common stock pursuant to the underwriters’ partial exercise of their option to purchase additional shares of common stock, at a price to the public of $3.50 per share. All shares in the offering were sold by Corvus, with gross proceeds to Corvus of $34.2 million and net proceeds of approximately $31.8 million, after deducting underwriting discounts and commissions and estimated offering expenses. You can read further details here
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Corvus Pharmaceuticals Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $5.08 on 02/09/21, with the lowest value was $3.46 for the same time period, recorded on 02/17/21.
Corvus Pharmaceuticals Inc. (CRVS) full year performance was 11.19%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Corvus Pharmaceuticals Inc. shares are logging -33.58% during the 52-week period from high price, and 352.48% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.01 and $6.88.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 6972152 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Corvus Pharmaceuticals Inc. (CRVS) recorded performance in the market was 28.37%, having the revenues showcasing 11.46% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 166.53M, as it employees total of 52 workers.
The Analysts eye on Corvus Pharmaceuticals Inc. (CRVS)
During the last month, 0 analysts gave the Corvus Pharmaceuticals Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 4.00, with a change in the price was noted +0.48. In a similar fashion, Corvus Pharmaceuticals Inc. posted a movement of +11.74% for the period of last 100 days, recording 889,248 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CRVS is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical rundown of Corvus Pharmaceuticals Inc. (CRVS)
Raw Stochastic average of Corvus Pharmaceuticals Inc. in the period of last 50 days is set at 68.52%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 68.52%. In the last 20 days, the company’s Stochastic %K was 34.77% and its Stochastic %D was recorded 20.52%.
Considering, the past performance of Corvus Pharmaceuticals Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 28.37%. Additionally, trading for the stock in the period of the last six months notably improved by 14.25%, alongside a boost of 11.19% for the period of the last 12 months. The shares increased approximately by 30.57% in the 7-day charts and went up by 17.48% in the period of the last 30 days. Common stock shares were driven by 11.46% during last recorded quarter.