Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -33%

Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more.

Weak multi-year price returns
2Y Excs Rtn is -117%, 3Y Excs Rtn is -116%

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -31 Mil

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -81%

High stock price volatility
Vol 12M is 113%

Key risks
CRVO key risks include [1] its singular reliance on the clinical and regulatory success of its lead drug candidate, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -33%
1 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -117%, 3Y Excs Rtn is -116%
3 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -31 Mil
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -81%
6 High stock price volatility
Vol 12M is 113%
7 Key risks
CRVO key risks include [1] its singular reliance on the clinical and regulatory success of its lead drug candidate, Show more.

CRVO in ETFs

Weight = CRVO's share of each fund

VTI0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/18/2026

CervoMed (CRVO) stock has gained about 5% since 2/28/2026 because of the following key factors:

1. Positive clinical trial data for neflamapimod and extended patent protection for Dementia with Lewy Bodies (DLB) treatment.

CervoMed announced new MRI analyses at the 2026 AAN Annual Meeting in April 2026, demonstrating that its lead drug candidate, neflamapimod, increased right basal forebrain volume and functional connectivity in patients with DLB. This positive clinical data was complemented by news on June 18, 2026, of a new U.S. patent protecting the use of neflamapimod for treating "pure DLB" patients until 2042. This patent news caused the stock to surge by as much as 95% intraday.

2. Successful capital raise significantly extended CervoMed's cash runway, alleviating near-term financing concerns.

Following the reporting of its fiscal Q1 2026 results (for the quarter ended March 31, 2026) which indicated cash reserves sufficient only into fiscal Q3 2026, CervoMed announced a private placement in June 2026 that raised approximately $10.5 million. This financing is crucial as it extends the company's cash runway into fiscal Q2 2027, providing the necessary capital to advance neflamapimod into its pivotal Phase 3 trial for DLB and mitigating immediate financial risks.

Show more
Updated on 6/18/2026

CervoMed (CRVO) stock has gained about 5% since 2/28/2026 because of the following key factors:

1. Positive clinical trial data for neflamapimod and extended patent protection for Dementia with Lewy Bodies (DLB) treatment.

CervoMed announced new MRI analyses at the 2026 AAN Annual Meeting in April 2026, demonstrating that its lead drug candidate, neflamapimod, increased right basal forebrain volume and functional connectivity in patients with DLB. This positive clinical data was complemented by news on June 18, 2026, of a new U.S. patent protecting the use of neflamapimod for treating "pure DLB" patients until 2042. This patent news caused the stock to surge by as much as 95% intraday.

2. Successful capital raise significantly extended CervoMed's cash runway, alleviating near-term financing concerns.

Following the reporting of its fiscal Q1 2026 results (for the quarter ended March 31, 2026) which indicated cash reserves sufficient only into fiscal Q3 2026, CervoMed announced a private placement in June 2026 that raised approximately $10.5 million. This financing is crucial as it extends the company's cash runway into fiscal Q2 2027, providing the necessary capital to advance neflamapimod into its pivotal Phase 3 trial for DLB and mitigating immediate financial risks.

3. Bullish analyst coverage maintained "Buy" or "Strong Buy" ratings with high price targets.

Throughout the period, Wall Street analysts consistently issued positive ratings for CervoMed. For instance, D. Boral Capital maintained a "Buy" rating with a $31 price target on March 19, 2026, and HC Wainwright & Co. reiterated a "Buy" rating with a $25 price target on April 23, 2026. The median price target from analysts was $20.50, suggesting a significant potential upside of 726.6% from the stock's trading price of $2.48 at the time, indicating strong confidence in the company's long-term prospects.

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Stock Movement Drivers

Fundamental Drivers

The 6.3% change in CRVO stock from 2/28/2026 to 6/20/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)22820266202026Change
Stock Price ($)3.994.246.3%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)99-0.1%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/20/2026
ReturnCorrelation
CRVO6.3% 
Market (SPY)9.2%21.7%
Sector (XLV)-6.4%15.8%

Fundamental Drivers

The -57.3% change in CRVO stock from 11/30/2025 to 6/20/2026 was primarily driven by a -0.1% change in the company's Shares Outstanding (Mil).
(LTM values as of)113020256202026Change
Stock Price ($)9.944.24-57.3%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)99-0.1%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/20/2026
ReturnCorrelation
CRVO-57.3% 
Market (SPY)9.9%21.4%
Sector (XLV)-4.4%11.2%

Fundamental Drivers

The -41.3% change in CRVO stock from 5/31/2025 to 6/20/2026 was primarily driven by a -6.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)53120256202026Change
Stock Price ($)7.224.24-41.3%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)99-6.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/20/2026
ReturnCorrelation
CRVO-41.3% 
Market (SPY)28.1%17.0%
Sector (XLV)14.6%14.1%

Fundamental Drivers

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Market Drivers

5/31/2023 to 6/20/2026
ReturnCorrelation
CRVO  
Market (SPY)85.7%11.9%
Sector (XLV)22.9%6.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CRVO Return--1%-69%238%-52%-50%
Peers Return36%-19%28%-19%25%-4%36%
S&P 500 Return27%-19%24%23%16%8%98%

Monthly Win Rates [3]
CRVO Win Rate--40%42%33%17% 
Peers Win Rate45%47%45%40%52%47% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
CRVO Max Drawdown----93%-61%-72% 
Peers Max Drawdown-44%-46%-42%-55%-48%-35% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: LLY, BIIB, ACAD, AVXL, CGTX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)

How Low Can It Go

EventCRVOS&P 500
2024 Yen Carry Trade Unwind
  % Loss-29.5%-7.8%
  % Gain to Breakeven41.9%8.5%
  Time to Breakeven12 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-43.6%-9.5%
  % Gain to Breakeven77.3%10.5%
  Time to Breakeven21 days24 days

Compare to LLY, BIIB, ACAD, AVXL, CGTX

In The Past

CervoMed's stock fell -7.8% during the 2025 US Tariff Shock. Such a loss loss requires a 8.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCRVOS&P 500
2024 Yen Carry Trade Unwind
  % Loss-29.5%-7.8%
  % Gain to Breakeven41.9%8.5%
  Time to Breakeven12 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-43.6%-9.5%
  % Gain to Breakeven77.3%10.5%
  Time to Breakeven21 days24 days

Compare to LLY, BIIB, ACAD, AVXL, CGTX

In The Past

CervoMed's stock fell -7.8% during the 2025 US Tariff Shock. Such a loss loss requires a 8.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About CervoMed (CRVO)

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CervoMed Inc. (CRVO) is a clinical-stage biotechnology company dedicated to the development and commercialization of new drug treatments for neurodegenerative diseases. Based in Boston, Massachusetts, the company aims to address significant unmet medical needs for patients suffering from conditions that progressively affect brain function and structure.

The company's core product is neflamapimod, an orally administered small molecule that is engineered to penetrate the brain. Neflamapimod is currently in its development phase, being investigated as a potential therapeutic agent for several severe neurological conditions.

CervoMed's primary focus with neflamapimod is on treating Dementia with Lewy Bodies (DLB), Alzheimer's disease, and aiding in brain stroke recovery. These target markets consist of patients experiencing cognitive decline, memory loss, and neurological damage, representing a significant population in critical need of effective treatments.

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AI Analysis | Feedback

Here are 1-3 brief analogies for CervoMed (CRVO):

  • A small, clinical-stage Eli Lilly for neurodegenerative diseases.
  • Like an early-stage Biogen, developing new drug treatments for brain disorders.

AI Analysis | Feedback

  • Neflamapimod: An orally administered small molecule brain penetrant currently in development for the treatment of neurodegenerative diseases, including dementia with Lewy bodies (DLB), Alzheimer's disease, and for brain stroke recovery.

AI Analysis | Feedback

CervoMed Inc. (CRVO) is a clinical-stage biotechnology company focused on the development of drug treatments. As such, it is currently engaged in research, development, and clinical trials for its lead drug candidate, neflamapimod.

At this stage, CervoMed does not have major customers in the traditional sense, as its drug treatments are not yet approved for commercial sale or distribution. Its primary activities revolve around advancing its drug through clinical development towards potential regulatory approval. Therefore, it does not sell products to other companies or directly to individuals.

AI Analysis | Feedback

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AI Analysis | Feedback

John Alam, MD Chief Executive Officer

John Alam co-founded CervoMed (formerly known as EIP Pharma) in 2014 and was appointed CEO in August 2023. He brings over 30 years of experience in translational medicine. Prior to CervoMed, he served as the therapeutic area head for diseases of aging at Sanofi until May 2014, where he led discovery and development activities for Alzheimer's and other age-related diseases. From 1997 to 2008, Dr. Alam held various roles at Vertex Pharmaceuticals, including Chief Medical Officer and Executive Vice President, Medicines Development, where he was involved in developing medicines for HIV, Hepatitis C, and Cystic Fibrosis. Earlier, from 1991 to 1997, he led clinical development of Avonex for multiple sclerosis at Biogen.

William (Bill) Elder Chief Financial Officer, General Counsel and Corporate Secretary

William Elder was appointed Chief Financial Officer of CervoMed, effective June 1, 2024, and continues to serve as General Counsel and Corporate Secretary, a role he assumed in August 2023. Before joining CervoMed, he served as General Counsel for Diffusion Pharmaceuticals from September 2020 to August 2023 and also as its Principal Financial Officer from June 2023 to August 2023. Mr. Elder previously spent eight years as an associate at Dechert LLP, where he advised clients on corporate and securities matters, including acting as outside counsel to Diffusion during its reverse merger in 2016.

Matthew Winton, PhD Chief Commercial and Business Officer

Matthew Winton was appointed Chief Commercial and Business Officer in October 2025, bringing nearly two decades of biotechnology industry experience to CervoMed. Prior to this role, Dr. Winton served as Chief Operating Officer at Inozyme Pharma, which was subsequently acquired by BioMarin Pharmaceuticals. He also spent nearly ten years at Biogen, holding senior leadership positions such as Senior Vice President and Head of the U.S. Multiple Sclerosis Franchise, and Vice President and Head of the U.S. Spinal Muscular Atrophy Franchise, where he managed multi-billion-dollar neurology portfolios and oversaw the launch of SPINRAZA.

Mark De Rosch, PhD, FRAPS Executive Vice President, Regulatory and Government Affairs and Program Management

Mark De Rosch joined CervoMed Inc. in November 2024 as Senior Vice President, Regulatory and Government Affairs, and Program Management, and was promoted to Executive Vice President in May 2025. He is an experienced executive in the pharma/biotech sector with over 30 years of experience, specializing in organizations transitioning from early- to late-stage development and into commercialization. Before CervoMed, he consulted on drug development and global regulatory strategies starting in May 2023. Dr. De Rosch has a track record of successfully building out regulatory, quality, and chemistry, manufacturing, and controls (CMC) functions at various biotech organizations to support Phase 3 and commercialization readiness.

Marco Verwijs, PhD Executive Vice President, Technical Operations

Marco Verwijs serves as the Executive Vice President of Technical Operations at CervoMed, with over 19 years of experience in product development and manufacturing. His background includes working on multiple commercial products, guiding them from clinical product development through NDA filing and commercial launch. Before joining CervoMed, he was the Chief Technical Officer at Adipo Therapeutics, where he was responsible for the development and manufacturing of a novel parenteral controlled-release nanoparticle drug for weight loss.

AI Analysis | Feedback

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Key Risks to CervoMed (CRVO)

  1. Clinical Trial and Regulatory Failure

    CervoMed is a clinical-stage biotechnology company heavily dependent on the successful development and regulatory approval of its lead product candidate, neflamapimod. The drug is currently in the planning stages for a Phase 3 trial, and there is an inherent high risk of failure in all stages of clinical development. Positive results in earlier phases do not guarantee success in later, larger and more expensive trials. A previous issue with "old capsules" leading to sub-therapeutic drug concentrations in an initial Phase 2b trial highlights the potential for unexpected hurdles in drug development and manufacturing. Furthermore, the company plans a single pivotal Phase 3 trial, which concentrates the regulatory risk on this one study. The likelihood and timing of any regulatory approval for neflamapimod are uncertain and depend entirely on future clinical trial outcomes and feedback from regulatory authorities like the FDA.

  2. Significant Financial Burn and Dependency on Further Capital

    As a clinical-stage company with limited or no product revenue, CervoMed has incurred significant and continuous net losses since its inception, relying heavily on capital markets and other financing to fund its extensive research and development (R&D) and operational costs. The company's cash position and runway are critical; as of September 2025, CervoMed had approximately 13 months of cash runway based on its burn rate. CervoMed will require substantial additional capital to complete the development and potential commercialization of neflamapimod. The company faces challenges in securing future financing due to regulatory limitations, specifically its public float being below the $75 million threshold, which restricts its ability to conduct primary offerings under a Form S-3 registration statement to only one-third of its public float within any 12-month period. An increasing cash burn rate combined with limited revenue raises serious concerns about its long-term sustainability and could lead to significant shareholder dilution if new shares are issued.

  3. Intense Competition and Market Commercialization Challenges

    CervoMed operates in a highly competitive landscape for neurological disorders, facing both established pharmaceutical companies and emerging biotechnology firms developing treatments for similar conditions like dementia with Lewy bodies (DLB) and Alzheimer's disease. This intense competition could significantly hinder CervoMed's ability to effectively penetrate the market, establish pricing, and achieve commercial success for neflamapimod, even if it gains regulatory approval. Beyond clinical efficacy, the company will also face challenges related to marketing and commercialization, including pricing pressures and ensuring market access for its therapy.

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AI Analysis | Feedback

The recent FDA approval of **lecanemab (Leqembi)** from Eisai and Biogen, and the advanced clinical development and potential future approval of **donanemab** from Eli Lilly, represent clear emerging threats for CervoMed. These drugs are approved or in late-stage development for Alzheimer's disease, a condition CervoMed explicitly lists as a target for its drug neflamapimod. While neflamapimod has a different mechanism of action and its primary focus is Dementia with Lewy Bodies (DLB), the success and market entry of these amyloid-targeting therapies establish a significant competitive landscape and set a new benchmark for efficacy in treating cognitive decline in a related neurodegenerative disease. Their success could influence treatment paradigms, regulatory expectations, and market dynamics for all drugs targeting major dementias, including those developed by CervoMed.

AI Analysis | Feedback

CervoMed Inc. (CRVO) is developing neflamapimod for the treatment of Dementia with Lewy Bodies (DLB), Alzheimer's disease, and brain stroke recovery. The addressable markets for these indications are substantial.

Dementia with Lewy Bodies (DLB)

The global market for Lewy Body Dementia treatment was valued at approximately USD 5.972 billion in 2024 and is projected to reach around USD 13.208 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 9.22% from 2025 to 2033. Another estimate places the global market size at USD 6.12 billion in 2024, expanding to USD 11.60 billion by 2032 with an 8.30% CAGR. North America was the largest regional market for Lewy Body Dementia treatment in 2023 and 2025. The United States alone has an estimated more than 1.4 million people suffering from LBD. One analyst projects probability-adjusted peak sales for neflamapimod in DLB of approximately USD 1 billion by 2038.

Alzheimer's Disease

The global Alzheimer's therapeutics market size was estimated at USD 4.08 billion in 2025 and is projected to reach USD 6.38 billion by 2034, with a CAGR of 5.10% from 2026 to 2034. Other estimates indicate the global Alzheimer's therapeutics market size was approximately USD 6.49 billion in 2025 and is predicted to increase to about USD 33.62 billion by 2034, at a CAGR of 20.06% from 2025 to 2034. North America dominated the Alzheimer's therapeutics market, holding 51.55% of the market share in 2025. The United States accounted for approximately 54% of the total Alzheimer's disease market size in the 7MM (7 major markets) in 2023.

Brain Stroke Recovery

The global stroke rehabilitation market size, which addresses brain stroke recovery, was valued at USD 285 million in 2024 and is projected to reach approximately USD 817.06 million by 2034, exhibiting a CAGR of 11.24% from 2025 to 2034. Another analysis estimates the global market for stroke rehabilitation to be US$ 328.3 million in 2025, growing to US$ 594.9 million in 2032 with a CAGR of 8.9%. North America held the largest share of the stroke rehabilitation market in 2024, with the U.S. accounting for 92.3% of the North American market in the same year.

AI Analysis | Feedback

CervoMed Inc. (CRVO), a clinical-stage biotechnology company, has several anticipated drivers of future revenue growth over the next two to three years, primarily centered on the advancement and potential commercialization of its lead drug candidate, neflamapimod.

Here are 3-5 expected drivers of future revenue growth:

  1. Advancement of Neflamapimod into and through Phase 3 Clinical Trials for Dementia with Lewy Bodies (DLB): CervoMed has reported positive results from its Phase 2b RewinD-LB trial for neflamapimod in patients with DLB. The company plans to initiate a global, pivotal Phase 3 trial in the second half of 2026, subject to sufficient funding. Successful progression through Phase 3 is a critical step towards regulatory approval and eventual market entry, which would be the primary long-term revenue driver.
  2. Regulatory Progress and Preparations for Commercialization of Neflamapimod in DLB: While direct product sales are likely beyond the immediate 2-3 year timeframe, significant regulatory milestones and commercialization preparations are key drivers of future value. CervoMed has received feedback from the U.S. Food and Drug Administration (FDA) aligning on key aspects of the Phase 3 trial design to support a potential New Drug Application (NDA) submission. The company has also made strategic hires, such as an Executive Vice President, Technical Operations, to oversee Chemistry, Manufacturing, and Controls (CMC) and prepare for commercial batches, signaling readiness for potential market launch.
  3. Expansion of Neflamapimod into New Neurodegenerative Indications: CervoMed is actively developing neflamapimod for additional indications beyond DLB. The company is advancing clinical programs for non-fluent variant primary progressive aphasia (nfvPPA) and recovery after ischemic stroke (RAS). Phase 2a data readouts for nfvPPA are anticipated in mid-2026, and for RAS in the second half of 2026. Positive data from these trials could open up new, attractive commercial markets for neflamapimod, diversifying potential revenue streams in the future.
  4. Strategic Partnerships and Collaboration Agreements: As a clinical-stage biotechnology company, CervoMed's future revenue growth may also be driven by strategic partnerships and collaboration agreements. The company's advanced development pipeline, particularly neflamapimod, targeting areas of high unmet medical need, could create opportunities for regional or global partnerships. Such agreements often include upfront payments, milestone payments upon achieving certain development or regulatory benchmarks, and potential royalty streams from future sales, providing non-dilutive funding and shared commercialization efforts.

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Share Repurchases

  • CervoMed has not engaged in share repurchases over the last 3-5 years; instead, the company has shown a negative 3-Year Share Buyback Ratio of -85.70% as of September 2025, indicating share issuance.

Share Issuance

  • In April 2024, CervoMed completed a private placement, raising gross proceeds of approximately $149.4 million through the sale of 2,532,285 units, each comprising shares (or pre-funded warrants) and Series A Warrants.
  • The company's outstanding common stock was approximately 6,170,479 shares as of March 26, 2024, increasing to 9,258,719 shares as of March 11, 2026.

Inbound Investments

  • CervoMed was awarded a $21.0 million grant from the National Institute on Aging in January 2023 to support its RewinD-LB trial, with an additional $0.3 million awarded under the same grant in August 2024.
  • The private placement completed in April 2024, raising approximately $149.4 million, significantly strengthened the company's balance sheet and supports ongoing research and development initiatives.

Capital Expenditures

  • CervoMed reported capital expenditures of $5.0 million for the trailing twelve months as of February 2026.
  • As of September 30, 2025, the company's cash and marketable securities were anticipated to fund planned operating expenses and capital expenditure requirements into the third quarter of 2026.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1CervoMed Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CRVOLLYBIIBACADAVXLCGTXMedian
NameCervoMed Eli LillyBiogen ACADIA P.Anavex L.Cognitio. 
Mkt Price4.241,098.57196.5821.622.731.4512.93
Mkt Cap0.0982.728.93.70.20.12.0
Rev LTM072,2509,9371,09500548
Op Inc LTM-3134,1722,30481-45-2130
FCF LTM-2810,3682,316118-34-2049
FCF 3Y Avg-181,7341,96577-33-2429
CFO LTM-2820,4802,591123-34-2052
CFO 3Y Avg-1811,1582,272112-33-2447

Growth & Margins

CRVOLLYBIIBACADAVXLCGTXMedian
NameCervoMed Eli LillyBiogen ACADIA P.Anavex L.Cognitio. 
Rev Chg LTM-47.4%1.2%9.9%--9.9%
Rev Chg 3Y Avg-37.9%-0.5%29.6%--29.6%
Rev Chg Q-55.5%1.9%9.7%--9.7%
QoQ Delta Rev Chg LTM-10.8%0.5%2.2%--2.2%
Op Inc Chg LTM-48.6%73.3%-1.1%-8.4%19.1%39.4%9.0%
Op Inc Chg 3Y Avg-67.1%67.4%-3.4%705.3%5.7%-0.6%2.5%
Op Mgn LTM-47.3%23.2%7.4%--23.2%
Op Mgn 3Y Avg-39.7%22.2%5.2%--22.2%
QoQ Delta Op Mgn LTM-1.7%-1.8%-2.4%---1.8%
CFO/Rev LTM-28.3%26.1%11.3%--26.1%
CFO/Rev 3Y Avg-19.2%23.1%11.4%--19.2%
FCF/Rev LTM-14.4%23.3%10.7%--14.4%
FCF/Rev 3Y Avg-0.3%20.0%7.8%--7.8%

Valuation

CRVOLLYBIIBACADAVXLCGTXMedian
NameCervoMed Eli LillyBiogen ACADIA P.Anavex L.Cognitio. 
Mkt Cap0.0982.728.93.70.20.12.0
P/S-13.62.93.4--3.4
P/Op Inc-1.328.812.645.6-5.4-6.35.6
P/EBIT-1.327.515.245.6-6.1-6.67.0
P/E-1.338.921.19.8-6.1-6.64.3
P/CFO-1.448.011.229.9-7.1-6.44.9
Total Yield-76.5%3.1%4.7%10.2%-16.4%-15.1%-6.0%
Dividend Yield0.0%0.6%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-34.9%0.2%8.1%2.3%-6.2%-61.0%-3.0%
D/E0.00.00.20.00.00.00.0
Net D/E-0.30.00.1-0.2-0.5-0.2-0.2

Returns

CRVOLLYBIIBACADAVXLCGTXMedian
NameCervoMed Eli LillyBiogen ACADIA P.Anavex L.Cognitio. 
1M Rtn37.2%5.5%3.8%1.4%0.7%16.0%4.6%
3M Rtn5.5%21.4%8.3%4.2%-32.8%35.5%6.9%
6M Rtn-44.2%2.9%12.5%-20.4%-25.6%-5.8%-13.1%
12M Rtn-38.1%45.1%54.7%-4.8%-70.0%468.6%20.1%
3Y Rtn-44.1%147.7%-33.2%-10.3%-68.0%-50.5%-38.7%
1M Excs Rtn44.7%5.6%1.2%3.6%0.2%28.6%4.6%
3M Excs Rtn-13.3%6.4%-6.4%-9.2%-48.5%20.7%-7.8%
6M Excs Rtn-59.5%-5.7%4.3%-29.6%-42.4%-14.9%-22.3%
12M Excs Rtn-65.3%14.5%30.0%-30.5%-94.8%392.5%-8.0%
3Y Excs Rtn-115.8%80.1%-107.1%-85.3%-140.8%-121.7%-111.5%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2013201220112010
ProElit00  
Events  10
Total0010


Net Income by Segment
$ Mil2025
Development of clinical and nonclinical product candidates for treatments for age-related neurologic-27
Total-27


Assets by Segment
$ Mil20242023202220212020
Development of clinical and nonclinical product candidates for treatments for age-related neurologic4310233828
Total4310233828


Price Behavior

Price Behavior
Market Price$4.24 
Market Cap ($ Bil)0.0 
First Trading Date08/17/2023 
Distance from 52W High-60.3% 
   50 Days200 Days
DMA Price$3.48$6.02
DMA Trenddowndown
Distance from DMA21.7%-29.5%
 3M1YR
Volatility188.8%113.7%
Downside Capture287.97217.86
Upside Capture171.72101.77
Correlation (SPY)20.5%16.0%
CRVO Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta5.313.572.592.271.49-0.35
Up Beta7.883.503.383.732.27-0.31
Down Beta3.823.060.860.670.080.30
Up Capture146%96%181%42%79%202%
Bmk +ve Days13283667141432
Stock +ve Days7152446102298
Down Capture901%772%320%271%179%112%
Bmk -ve Days7132757109318
Stock -ve Days13253775141383

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CRVO
CRVO-43.2%113.3%-0.07-
Sector ETF (XLV)14.0%15.0%0.6614.3%
Equity (SPY)26.5%12.4%1.6116.9%
Gold (GLD)24.2%27.5%0.7716.9%
Commodities (DBC)19.8%18.8%0.83-11.8%
Real Estate (VNQ)11.0%13.7%0.5211.1%
Bitcoin (BTCUSD)-40.0%42.5%-1.086.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CRVO
CRVO-12.0%157.0%0.53-
Sector ETF (XLV)5.4%14.7%0.196.4%
Equity (SPY)13.5%17.1%0.6212.0%
Gold (GLD)17.1%18.3%0.767.1%
Commodities (DBC)7.5%19.4%0.29-0.6%
Real Estate (VNQ)1.9%18.9%0.008.0%
Bitcoin (BTCUSD)11.0%54.2%0.406.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CRVO
CRVO-6.2%157.0%0.53-
Sector ETF (XLV)9.4%16.6%0.466.4%
Equity (SPY)15.3%18.0%0.7312.0%
Gold (GLD)12.3%16.1%0.637.1%
Commodities (DBC)5.9%18.0%0.26-0.6%
Real Estate (VNQ)5.3%20.7%0.228.0%
Bitcoin (BTCUSD)60.0%66.8%1.006.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity0.3 Mil
Short Interest: % Change Since 5152026-5.4%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest2.9 days
Basic Shares Quantity9.3 Mil
Short % of Basic Shares2.8%

Earnings Returns History

Updated 6/21/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/18/2026-4.9%0.3%25.3%
3/17/2026-6.4%-13.5%-11.9%
11/10/20251.0%19.0%18.7%
8/11/2025-3.6%2.7%1.5%
5/12/2025-4.4%-3.4%-17.9%
3/18/20250.3%-5.2%1.6%
11/13/2024-2.7%-14.1%-83.1%
8/15/20247.2%-7.9%-5.0%
...
SUMMARY STATS   
# Positive344
# Negative766
Median Positive1.0%1.8%10.2%
Median Negative-3.6%-10.7%-14.9%
Max Positive7.2%19.0%25.3%
Max Negative-6.4%-23.1%-83.1%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/18/2026-4.9%0.3%25.3%
3/17/2026-6.4%-13.5%-11.9%
11/10/20251.0%19.0%18.7%
8/11/2025-3.6%2.7%1.5%
5/12/2025-4.4%-3.4%-17.9%
3/18/20250.3%-5.2%1.6%
11/13/2024-2.7%-14.1%-83.1%
8/15/20247.2%-7.9%-5.0%
5/15/2024-1.5%-23.1%-23.1%
11/13/2023-1.4%0.9%-9.5%
SUMMARY STATS   
# Positive344
# Negative766
Median Positive1.0%1.8%10.2%
Median Negative-3.6%-10.7%-14.9%
Max Positive7.2%19.0%25.3%
Max Negative-6.4%-23.1%-83.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/15/202610-Q
12/31/202503/13/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/12/202510-Q
12/31/202403/17/202510-K
09/30/202411/12/202410-Q
06/30/202408/09/202410-Q
03/31/202405/14/202410-Q
12/31/202303/29/202410-K
09/30/202311/13/202310-Q
06/30/202308/08/202310-Q
03/31/202305/15/202310-Q
12/31/202203/24/202310-K
09/30/202211/14/202210-Q
06/30/202208/12/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/15/202610-Q
12/31/202503/13/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/12/202510-Q
12/31/202403/17/202510-K
09/30/202411/12/202410-Q
06/30/202408/09/202410-Q
03/31/202405/14/202410-Q
12/31/202303/29/202410-K
09/30/202311/13/202310-Q
06/30/202308/08/202310-Q
03/31/202305/15/202310-Q
12/31/202203/24/202310-K
09/30/202211/14/202210-Q
06/30/202208/12/202210-Q
03/31/202205/12/202210-Q
12/31/202103/18/202210-K
09/30/202111/10/202110-Q
06/30/202108/11/202110-Q
03/31/202105/07/202110-Q
12/31/202003/17/202110-K
09/30/202011/12/202010-Q
06/30/202008/07/202010-Q
03/31/202005/11/202010-Q
12/31/201903/17/202010-K
09/30/201911/08/201910-Q
06/30/201908/08/201910-Q

Insider Activity

Updated 6/15/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Boger, Joshua S TrustsBuy61520263.14955,4143,000,0005,639,016Form
2Winton, MatthewChief Commercial and BusinessDirectBuy111920257.951,50011,925119,250Form
3Elder, William RobertCFO, GC & SecretaryDirectBuy111920258.322,50020,800104,000Form
4Winton, MatthewChief Commercial and BusinessDirectBuy111920258.433,50029,505113,805Form
5Gregoire, Sylvie DirectBuy111920258.4610,79391,30912,555,300Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Boger, Joshua S TrustsBuy61520263.14955,4143,000,0005,639,016Form
2Winton, MatthewChief Commercial and BusinessDirectBuy111920257.951,50011,925119,250Form
3Elder, William RobertCFO, GC & SecretaryDirectBuy111920258.322,50020,800104,000Form
4Winton, MatthewChief Commercial and BusinessDirectBuy111920258.433,50029,505113,805Form
5Gregoire, Sylvie DirectBuy111920258.4610,79391,30912,555,300Form
6Gregoire, Sylvie Spouse's IRABuy111920258.4610,80791,427105,750Form
7Elder, William RobertCFO, GC & SecretaryDirectBuy111920258.451,0008,45084,500Form
8Alam, John JCEO & PresidentDirectBuy111920258.4610,80791,42712,555,300Form
9Alam, John JCEO & PresidentSpouse's IRABuy111920258.4610,79391,309105,750Form
10Gregoire, Sylvie DirectBuy111720257.571,70712,92211,152,767Form
11Gregoire, Sylvie Spouse's IRABuy111720257.551,69312,78212,782Form
12Alam, John JCEO & PresidentDirectBuy111720257.551,69312,78211,123,196Form
13Alam, John JCEO & PresidentSpouse's IRABuy111720257.571,70712,92212,922Form
14Winton, MatthewChief Commercial and BusinessDirectBuy111720257.5710,00075,70075,700Form
15Gregoire, Sylvie DirectBuy111720257.514,44733,39711,051,551Form
16Alam, John JCEO & PresidentDirectBuy111720257.514,44733,39711,051,551Form
17Gregoire, Sylvie DirectBuy111320257.355,55340,81510,783,413Form
18Elder, William RobertCFO, GC & SecretaryDirectBuy111320257.443,50026,04066,960Form
19Alam, John JCEO & PresidentDirectBuy111320257.355,55340,81510,783,413Form
Core Cache Last Updated: 6/20/2026