In the last trading session, 5,302,216 shares of the Check-Cap Ltd.(NASDAQ:CHEK) were traded, and its beta was 0.21. Most recently the company’s share price was $1.85, and it changed around $0.02 or 0.01% from the last close, which brings the market valuation of the company to $85.54 Million. CHEK currently trades at a discount to its 52-week high of $2.93, offering almost -58.38% off that amount. The share price’s 52-week low was $0.243, which indicates that the current value has risen by an impressive 86.86% since then. We note from Check-Cap Ltd.’s average daily trading volume that its 10-day average is 12.73 Million shares, with the 3-month average coming to 19.53 Million.
Check-Cap Ltd. stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended CHEK as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. Check-Cap Ltd. is expected to report earnings per share of $0 for the current quarter.
Check-Cap Ltd. (NASDAQ:CHEK): Trading Information
Instantly CHEK has showed a green trend with a performance of 1.09% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $2.39 on Wednesday, Feb 17 increased the stock’s daily price by 22.59%. The company’s shares are currently up 3.02% year-to-date, but still up 0.0393 over the last five days. On the other hand, Check-Cap Ltd. (NASDAQ:CHEK) is 0.06% up in the 30-day period. We can see from the shorts that 2.7 Million shares have been sold at a short interest cover period of 0.14 day(s).
The consensus price target as assigned by Wall Street analysts is $1.5, which translates to bears needing to reduce their stock price by -18.92% from its current value. Analyst projections state that CHEK is forecast to be at a low of $1.5 and a high of $1.5. In order for the stock price to hit the forecast high, the stock would need to surge -18.92% from its current level, while the stock would need to crash -18.92% from its current level to reach the projected low.
Check-Cap Ltd. (CHEK) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 12.4%. Check-Cap Ltd. earnings are expected to increase by 33.6% in 2021, but the outlook is negative 0% per year for the next five years.
Check-Cap Ltd. (NASDAQ:CHEK)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 8.59% of Check-Cap Ltd. shares, and 4.47% of them are in the hands of institutional investors. The stock currently has a share float of 4.89%. Check-Cap Ltd. stock is held by 14 institutions, with HighPoint Advisor Group LLC being the largest institutional investor. By Dec 30, 2020, it held 3.66% of the shares, which is about 195Thousand shares worth $89.7 Thousand.
Citadel Advisors LLC, with 3.41% or 181.96 Thousand shares worth $65.6 Thousand as of Sep 29, 2020, holds the second largest percentage of outstanding shares.
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