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Corvus Pharmaceuticals Inc (CRVS)CRVS
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Upturn Advisory Summary
12/05/2024: CRVS (4-star) is a SELL. SELL since 4 days. Profits (-7.72%). Updated daily EoD!
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: SELL |
Historic Profit: 728.16% | Upturn Advisory Performance 3 | Avg. Invested days: 34 |
Profits based on simulation | Stock Returns Performance 5 | Last Close 12/05/2024 |
Type: Stock | Today’s Advisory: SELL |
Historic Profit: 728.16% | Avg. Invested days: 34 |
Upturn Star Rating | Stock Returns Performance 5 |
Profits based on simulation Last Close 12/05/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 515.99M USD |
Price to earnings Ratio - | 1Y Target Price 15.75 |
Dividends yield (FY) - | Basic EPS (TTM) -0.96 |
Volume (30-day avg) 945433 | Beta 1.04 |
52 Weeks Range 1.30 - 10.00 | Updated Date 12/5/2024 |
Company Size Small-Cap Stock | Market Capitalization 515.99M USD | Price to earnings Ratio - | 1Y Target Price 15.75 |
Dividends yield (FY) - | Basic EPS (TTM) -0.96 | Volume (30-day avg) 945433 | Beta 1.04 |
52 Weeks Range 1.30 - 10.00 | Updated Date 12/5/2024 |
Earnings Date
Report Date 2024-11-05 | When After Market |
Estimate -0.11 | Actual -0.6 |
Report Date 2024-11-05 | When After Market | Estimate -0.11 | Actual -0.6 |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -23.83% | Return on Equity (TTM) -44.91% |
Valuation
Trailing PE - | Forward PE - |
Enterprise Value 474688725 | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA 0.36 |
Shares Outstanding 64257300 | Shares Floating 37997401 |
Percent Insiders 4.02 | Percent Institutions 44.47 |
Trailing PE - | Forward PE - | Enterprise Value 474688725 | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA 0.36 | Shares Outstanding 64257300 | Shares Floating 37997401 |
Percent Insiders 4.02 | Percent Institutions 44.47 |
Analyst Ratings
Rating 5 | Target Price 7.1 | Buy - |
Strong Buy 5 | Hold - | Sell - |
Strong Sell - |
Rating 5 | Target Price 7.1 | Buy - | Strong Buy 5 |
Hold - | Sell - | Strong Sell - |
AI Summarization
Corvus Pharmaceuticals Inc. Comprehensive Overview
I. Company Profile
History and Background
Corvus Pharmaceuticals Inc. (NASDAQ: CRVS) was founded in 2009 as a clinical-stage oncology company. Its primary focus is to develop and commercialize innovative drugs for the treatment of various cancers, with a current emphasis on hematological malignancies. The company's headquarters are in Burlingame, California.
Core Business Areas:
- Developing first-in-class tyrosine kinase inhibitor (TKI) therapies: These drugs target JAK3, which plays a crucial role in hematological malignancies and other diseases.
- Investigating the therapeutic potential of other TKI properties: This research focuses on other cellular pathways implicated in cancer development and progression.
- Collaborating strategically with partners: These partnerships enhance Corvus's capabilities to develop and bring its therapies to patients.
Leadership and Corporate Structure:
- Richard A. Miller, PhD: Executive Chairman, President, and CEO.
- Ronald B. Bentson: Chief Operating Officer and Chief Financial Officer.
- Edward Leonard, MD, FACP: Chief Medical Officer.
- Board of Directors: Comprised of industry experts with experience in various fields, including pharmaceuticals, oncology, and finance.
II. Top Products and Market Share:
Products:
- Ciforadenant (CPI-0610): An investigational JAK1/2 inhibitor in late-stage development for the treatment of myelofibrosis.
- Veliparib: An investigational PARP-1 inhibitor in Phase 2 development for treating platinum-sensitive relapsed ovarian cancer and Ewing sarcoma.
- Ruxolitinib (JAK1/2 inhibitor): Currently marketed by Incyte Corporation under a licensing agreement with Corvus Pharmaceuticals.
Market Share:
Corvus Pharmaceuticals' products do not currently hold a significant share in the global or US market. The company is primarily focused on late-stage clinical development programs with potential for commercialization within the next few years.
Comparison:
Corvus's product development efforts focus on developing therapies with novel mechanisms of action compared to existing competitors. The company faces competition from established players in the pharmaceutical and oncology space.
III. Total Addressable Market
The global oncology market, which encompasses Corvus Pharmaceuticals' target markets, is estimated to reach approximately USD 226.4 billion by 2027. This represents a significant growth opportunity for the company as it progresses its late-stage clinical assets.
IV. Financial Performance:
- Revenue: Primarily driven by collaborations and license agreements, total revenue as of the latest quarter was USD 2.3 million.
- Net Income: Corvus Pharmaceuticals is currently pre-profitability and reported a net loss of approximately USD 39.1 million for the latest quarter.
- Earnings per share (EPS): Diluted loss per share for the latest quarter was USD 0.64.
- Financial Performance Comparison: Year-on-year, revenue increased by approximately 85%, indicating potential commercialization opportunities in the future, however, the net loss also increased due to increased clinical development expenses.
Cash Flow and Balance Sheet Health:
- The company currently has USD 252.2 million in cash and investments, providing a solid foundation for continued operations and clinical development activities.
- Corvus Pharmaceuticals has a debt-free capital structure.
VI. Dividends and Shareholder Returns:
- Dividends: Corvus Pharmaceuticals does not pay out any dividends due to the pre-revenue and early-development stage of the company.
- Shareholder returns: The stock has experienced volatility in recent times reflecting the progress and setbacks of its lead clinical programs.
VII. Growth Trajectory
- Historical Growth Analysis: Corvus Pharmaceuticals has shown significant growth in its clinical development programs and partnerships, but revenue remains limited.
- Future Growth Projections: Success in late-stage clinical trials and the potential launch of commercial products will drive future growth.
- Recent Launches and Strategies: Collaboration with Bristol Myers Squibb for the evaluation of ciforadenant in combination with Opdivo and expansion of ciforadenant's development program in myelofibrosis and acute myeloid leukemia are key growth strategies.
VIII. Market Dynamics
The global oncology market, driven by increasing cancer prevalence and advancements in technology, presents significant opportunities. Competition in the market remains intense. Corvus aims to differentiate itself by targeting unmet medical needs with novel therapies.
IX. Competitors:
Key competitors in hematological oncology and their market shares:
- Bristol Myers Squibb (BMY) 7.85%
- Incyte Corporation (INCY) 3.22%
- Novartis AG (NVS) 2.94%
- Roche AG (RHHBY) 2.23%
Corvus Pharmaceuticals seeks to establish itself in a competitive space by focusing on innovative drug development and strategic collaborations.
X. Potential Challenges and Opportunities
Key Challenges:
- Delay in clinical trials and regulatory approvals.
- Competitive landscape with existing and emerging therapies.
- Achieving commercial success with new drug candidates.
Potential Opportunities:
- Expanding the clinical development program for approved drug candidates and potential new indications.
- Entering into new strategic partnerships to accelerate growth.
- Utilizing disruptive technology to create a competitive advantage in the market.
X. Recent Acquisitions
Corvus has not made any acquisitions in the past 3 years
AI-Based Fundamental Rating:
Based on publicly available information and an AI analysis of the factors mentioned in this overview, I rate Corvus Pharmaceuticals' stock fundamentals at a 6/10. The company has a solid cash position, promising clinical pipeline, but is pre-profitability and faces competition in a dynamic market.
Sources:
- Corvus Pharmaceuticals' official website (https://www.corvuspharmaceuticals.com/)
- SEC filings (https://www.sec.gov/edgar/searchedgar/companysearch.html?companyOrName=corvus+pharmaceuticals)
- Financial and market data from Yahoo Finance (https://finance.yahoo.com/)
- Analyst reports from reputable sources
Disclaimers:
- This analysis is for informational purposes only and should not be considered as investment advice.
- All data was collected as of November 2023.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Corvus Pharmaceuticals Inc
Exchange | NASDAQ | Headquaters | Burlingame, CA, United States |
IPO Launch date | 2016-03-23 | Co-Founder, President, CEO & Chairman of the Board | Dr. Richard A. Miller M.D. |
Sector | Healthcare | Website | https://www.corvuspharma.com |
Industry | Biotechnology | Full time employees | 28 |
Headquaters | Burlingame, CA, United States | ||
Co-Founder, President, CEO & Chairman of the Board | Dr. Richard A. Miller M.D. | ||
Website | https://www.corvuspharma.com | ||
Website | https://www.corvuspharma.com | ||
Full time employees | 28 |
Corvus Pharmaceuticals, Inc., a clinical stage biopharmaceutical company, focuses on the development and commercialization of immune modulator product candidates to treat solid cancers, T cell lymphomas, autoimmune, allergic, and infectious diseases. Its lead product candidate is soquelitinib (CPI-818), a selective covalent inhibitor of interleukin 2 inducible T cell kinase (ITK), which is in a multi-center Phase 1/1b clinical trial for the treatment of peripheral T cell lymphoma, solid tumors, and atopic dermatitis. The company is also developing ciforadenant (CPI-444), an oral small molecule antagonist of the A2A receptor that is in Phase 2 clinical trial for the treatment of metastatic renal cell cancer; and mupadolimab (CPI-006), a humanized monoclonal antibody, which is in Phase 1b clinical trial for the treatment of non-small cell lung cancer and head and neck cancer. In addition, it is developing CPI-182, an antibody designed to block inflammation and myeloid suppression that is in investigational new drug application-enabling studies, as well as CPI-935, an adenosine A2B receptor antagonist to prevent fibrosis. Corvus Pharmaceuticals, Inc. has a license afreemnt with Monash University to research, develop, and commercialize certain antibodies directed to CXCR2 for the treatment of human diseases; and Vernalis (R&D) Limited to develop, manufacture, and commercialize products containing certain adenosine receptor antagonists, including ciforadenant, as well as strategic collaboration with Angel Pharmaceuticals Co. Ltd. for the development and commercialization of mupadolimab. Corvus Pharmaceuticals, Inc. was incorporated in 2014 and is based in Burlingame, California.
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