Check-Cap Ltd. (NASDAQ:CHEK) traded at $0.58 at last check on Tuesday, Jun 30, making an upward move of 4.39% on its previous day’s price.
Looking at the stock we see that its previous close was $0.5575 and the beta (5Y monthly) reads 0.45 with the day’s price range being $0.5500 – 0.6098. In terms of its 52-week price range, CHEK has a high of $2.57 and a low of $0.44. The company’s stock has gained about 5.99% over that past 30 days.
On the other hand, looking at the outlook for the CHEK stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 2 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Check-Cap Ltd. (CHEK) stock as a Hold, while 2 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the CHEK stock currently stands at 0, and the current price level is 2.58% off its SMA20 and 5.68% from its 50-day simple moving average. The RSI (14) is pointing at 54.03 while the volatility over the past week is 7.45% and jumps to 9.86% over the past one month. The beta value is 0.45, while the average true range (ATR) is currently pointing at 0.05. The average price target for the stock over the next 12 months is $2.5, with the estimates having a low of $2 and a high of $3. These price ends are 244.83% and +417.24% off the current price level respectively, although investors could be excited at the prospect of a +331.03% if the CHEK share price touches on the median price of $2.5.
Let’s briefly compare Check-Cap (CHEK) stock to its peers. We find that today’s price change of +4.39% and -73.7% over the past 12 months for CHEK competes that of Thermo Fisher Scientific Inc (TMO), which has seen its stock price rise 1.66% in the latest trading session and is +19.45% over the last one year. Another of its peers Intuitive Surg Inc (ISRG) has climbed 1.25% today, and is +5.57% up over the past year, while Edwards Lifesciences Corp (EW) is also up 4.39% yet its price remains in the red at -73.7% over the same period. Thermo has a P/E ratio of 38.2 compared to Check-Cap’s 0 and Intuitive’s 47.75. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.04% and 0.46%, respectively, in early deals.
Coming back to Check-Cap Ltd. (NASDAQ:CHEK), we note that the average 3-month trading volume was 3.05 Million, while that of the preceding 10-day period stands at 3.58 Million. Current shares outstanding are 30.17 Million.
According to data from Thomson Reuters, insiders hold 2.2% of the company’s shares while institutions hold 8.06%. The data shows that short shares as of June 14, 2020, stood at 651.35 Million at a short ratio of 0.17. This represents a 2.16% Short interest in Shares outstanding on June 14, 2020. Shares short rose in June from the previous month at 163.18 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -67.59% down in year-to-date price movement.