Corvus Pharmaceuticals (NASDAQ:CRVS) Share Price Passes Above Fifty Day Moving Average After Earnings Miss

Market Beat
2026.05.09 04:11
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Corvus Pharmaceuticals (NASDAQ:CRVS) stock price surpassed its 50-day moving average of $15.52, trading at $15.55 after a disappointing earnings report with an EPS of ($0.15), missing estimates by $0.01. Analysts have mixed views, with seven rating it a Buy and one a Sell. Barclays raised its target price from $16.00 to $28.00, while HC Wainwright set a new target of $27.00. Institutional investors hold 46.64% of the stock, which has a market cap of $1.31 billion and a P/E ratio of -29.90.