10 Best Short-Term Stocks To Buy Right Now

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1. CervoMed Inc. (NASDAQ:CRVO)

Last 52 weeks return: -61.02%

Last 1 month’s return: 176.39%

No. of hedge fund portfolios: 3

CervoMed Inc. (NASDAQ:CRVO), headquartered in Massachusetts, the U.S., is a clinical-stage biotechnology company. Their focus lies on developing treatments for neurodegenerative diseases, including Alzheimer’s and Parkinson’s. The company differentiates itself through proprietary small molecule therapies and competes with companies like Plus Therapeutics, Inc. and Dogwood Therapeutics, Inc.

CervoMed Inc. (NASDAQ:CRVO) saw a decline of 61.02% over the past year. The stock began declining after the company released data regarding the RewinD-LB Phase 2b clinical trial evaluating neflamapimod for dementia. The company was expecting the drug to be a grand success. The prosecution did not meet statistical significance thresholds for its primary endpoint of change, thus negatively reflecting the company’s values.

CervoMed Inc. (NASDAQ:CRVO) recently demonstrated extraordinary short-term growth, skyrocketing 176.39% in just one month. The rise was due to the positive results announced by the company from the extension phase of its Phase 2b clinical study of Neflamapimod in patients with dementia with Lewy bodies. The 20-day SMA reflects a substantial upward trend at 128.90%, standing against the 200-day SMA of -40.85%.

While CervoMed Inc. (NASDAQ:CRVO) has limited hedge fund backing and only three hedge fund investors, the recent surge in price indicates a strong momentum that could attract investors looking for the best short-term stocks with some volatility.

Overall, CervoMed Inc. (NASDAQ:CRVO) ranks first on our 10 best short-term stocks list. While we acknowledge the potential for CRVO as an investment, our conviction lies in the belief that some AI stocks hold more significant promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRVO but trades at less than 5 times its earnings check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks To Invest In According to Billionaires.

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