In the last trading session, 1.16 million Check-Cap Ltd. (NASDAQ:CHEK) shares changed hands as the company’s beta touched 0.22. With the company’s per share price at $1.62 changed hands at $0.01 or 0.62% during last session, the market valuation stood at $114.89M. CHEK’s last price was a discount, traded about -177.16% off its 52-week high of $4.49. The share price had its 52-week low at $0.24, which suggests the last value was 85.19% up since then. When we look at Check-Cap Ltd.’s average trading volume, we note the 10-day average is 1.48 million shares, with the 3-month average coming to 1.94 million.
Analysts gave the Check-Cap Ltd. (CHEK) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended CHEK as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Check-Cap Ltd.’s EPS for the current quarter is expected to be -$0.05.
Check-Cap Ltd. (NASDAQ:CHEK) trade information
Instantly CHEK was in green as seen at the end of in last trading. With action 0.00%, the performance over the past five days has been red. The jump to weekly highs of 1.6800 on Tuesday, 06/22/21 added 0.62% to the stock’s daily price. The company’s shares are showing year-to-date upside of 252.17%, with the 5-day performance at 0.00% in the red. However, in the 30-day time frame, Check-Cap Ltd. (NASDAQ:CHEK) is 5.19% up. Looking at the short shares, we see there were 3.77 million shares sold at short interest cover period of 2.82 days.
The consensus price target for the stock as assigned by Wall Street analysts is $3.00, meaning bulls need an upside of 46.0% from its current market value. According to analyst projections, CHEK’s forecast low is $2.00 with $4.00 as the target high. To hit the forecast high, the stock’s price needs a -146.91% plunge from its current level, while the stock would need to soar -23.46% for it to hit the projected low.
Check-Cap Ltd. (CHEK) estimates and forecasts
Data shows that the Check-Cap Ltd. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 407.84% over the past 6 months, a -175.00% in annual growth rate that is considerably lower than the industry average of 19.20%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Check-Cap Ltd. will rise 58.30%, while the growth in revenue is estimated to hit 44.40% for the next quarter.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 48.30%. The 2021 estimates are for Check-Cap Ltd. earnings to increase by 73.70%.
Check-Cap Ltd. is expected to release its next quarterly earnings report in July.
Check-Cap Ltd. (NASDAQ:CHEK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.63% of Check-Cap Ltd. shares while 5.38% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 5.70%. There are 5.38% institutions holding the Check-Cap Ltd. stock share, with Virtu Financial LLC the top institutional holder. As of Mar 30, 2021, the company held 5.97% of the shares, roughly 0.32 million CHEK shares worth $0.56 million.
Citadel Advisors LLC holds the second largest percentage of outstanding shares, with 2.60% or 0.14 million shares worth $0.24 million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Fidelity NASDAQ Composite Index Fund and Perritt Ultra MicroCap Fund. With 91492.0 shares estimated at $0.16 million under it, the former controlled 1.72% of total outstanding shares. On the other hand, Perritt Ultra MicroCap Fund held about 1.10% of the shares, roughly 58424.0 shares worth around $0.1 million.