The Check-Cap Ltd. (CHEK) shares are trading at lower $0.59 and the avg recommendation for the stock is Moderate Buy.
To add more color to this target, the company’s high over the last year is $2.37 and the low is $0.44. Over the last 52 weeks, CHEK is down -75.24% while the S&P 500 is up 0.70%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, CHEK reported a profit of $12000.0. Check-Cap Ltd. also saw revenues decrease to $3.42 million. In addition, CHEK has free cash flow of -$3.49 million as of 03-2020. The company’s EBITDA came in at -$3.38 million which compares well with its peers.
CHEK Return on Equity (ROE) is -152.00%, and its Return on Assets is -115.50%. All told, it is clear that, CHEK needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CHEK has a short ratio of 0.13 and outstanding shares of 30.17M.
CHEK has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 7.65 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.63. Check-Cap Ltd. CHEK also noted assets of $10.6 million at the end of the last quarter. Investors should also keep an eye on sector updates as CHEK has historically followed its peers on positive news.
All told, Check-Cap Ltd. CHEK has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CHEK represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Check-Cap Ltd. CHEK is now commanding a market cap of 18.06M and a float of 27.86M. CHEK is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CHEK stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in CHEK, either long or short, and we have not been compensated for this article.