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CervoMed lost $0.84/share despite revenue of $320K, yet stock rose on pipeline promise and insider buying.
CervoMed Inc. reported a quarterly loss of $0.84 per share, missing expectations, on $320,000 in revenue.
The biotech company, developing treatments for neurologic disorders including dementia with Lewy bodies and Alzheimer’s, saw its stock rise to $5.31 despite the earnings miss.
Analysts maintain a "Moderate Buy" consensus with a $22.17 target, citing potential in its pipeline, including lead candidate neflamapimod and preclinical compound EIP200.
Insider buying has increased significantly, with CEO John J. Alam boosting his stake by 632% in November.
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CervoMed perdió $0.84/acción a pesar de los ingresos de $320K, sin embargo, las acciones subieron con la promesa de la tubería y las compras internas.