Check-Cap Ltd. (NASDAQ:CHEK) in recent session today was buoying at with a rise of 7.46% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $0.568 and 5Y monthly beta was reading 0.47 with its price kept floating in the range of $0.5589 and $0.6280 on the day. Considering stock’s 52-week price range provides that CHEK hit a high price of $2.37 and saw its price falling to a low level of $0.44 during that period. Over a period of past 1-month, stock came losing -17.67% in its value.
With its current market valuation of $18.67 Million, Check-Cap Ltd. is set to declare its quarterly results on March 06, 2020. CHEK Stock’s Forward Dividend and its yield are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of -$0.16 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -$0.57 for 2020 with estimates of that growing to -$0.39 in next year. These estimates are suggesting current year growth of -0.67% for EPS and -0.32% growth next year.
In contrast, when we review CHEK stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 100% Sell for it.
According to ratings assigned by 2 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; none of them are recommending Check-Cap Ltd. (CHEK) as a Hold, while 2 are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Buy and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the CHEK stock which is currently positioned at 0. It further provides that stock’s current price level is 8.18% away from its 20-day simple moving average and is 9.59% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 57.22 while volatility remained at 5.69% over the past week which changes to 9.27% when measuring it over the past month. Beta is valued at 0.46, while measure of average true range or ATR is currently at 0.05. In predicting price targets of as low as $2 and as high as $3, analysts are in agreement on assigning the stock over the next 12 months average price target of $2.5. Stock’s current price level is 220% above from estimated low price target while it is 380% below the estimated high; and even if the CHEK’s share succeeded to reach the median price of $2.5, then the outlook of +300% could come to the excitement of the investors.
In comparing Check-Cap Ltd. (CHEK)’s stock with other industry players reveals that stock’s latest price change of +7.46% and that of -72.95% over the past 12 months is in competing position with that of Thermo Fisher Scientific Inc (TMO) which saw its stock price fell by -0.91% in the recent trading and went through an increase of 30.74% in past 12-month trading. Industry’s another major player Intuitive Surg Inc (ISRG) has fell -0.87% down in latest trading session, but over the past year has faced a rise of 7.93%, while Edwards Lifesciences Corp (EW) is also up 7.46% however its price remained floating in the red at -72.95% over the same period. Check-Cap Ltd. has a P/E ratio of 0 against that of Thermo Fisher Scientific Inc’s 42.21 while Intuitive Surg Inc is showing 49.54 for the same. On the other hand, the S&P 500 Index was up 0.53% in the early deals while the Dow Jones Industrial was dealing higher at 0.12%.
Having a second look at Check-Cap Ltd. (NASDAQ:CHEK) provides that stock’s average daily trading volume for 3 months was 3.48 Million, while it dropped to 2.96 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 30.17 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 2.2% while it is 8.06% for the institutional holders. The figures also indicate that as of June 14, 2020, number of stock’s short shares was 651000000 which implies a short ratio of 0.17. This shows up a 2.16% of Short Interest in company’s outstanding shares on the day. In June the standing of shares short improved as it was 163.18 Million in the previous month. Drop of -66.98% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ worries about the stock as it is hinting a further drop.