36.8 F
New York
Saturday, October 31, 2020

Checkpoint Therapeutics Inc. (NASDAQ:CKPT) Stock is Soaring, Here is Why

Must read

Investor Confidence is Falling for Borqs Technologies Inc. (NASDAQ:BRQS)

Borqs Technologies Inc. (BRQS) shares are trading at lower $0.96. To add more color to this target, the company’s high over the last year...

The Unprecedented Rise of Church & Dwight Co. Inc. (NYSE:CHD)

Church & Dwight Co. Inc. (CHD) shares are trading at lower $87.06 and the avg recommendation for the stock is Moderate Buy, while the...

Westwater Resources Inc. (NASDAQ:WWR) is Holding Steady

Westwater Resources Inc. (WWR) shares are trading at higher $4.16. To add more color to this target, the company’s high over the last year...

The Forecast Just Changed on Brookdale Senior Living Inc. (NYSE:BKD)

Brookdale Senior Living Inc. (BKD) shares are trading at lower $3.00 and the avg recommendation for the stock is Moderate Buy, while the current...

Checkpoint Therapeutics Inc. (CKPT) shares are trading at higher $2.79 and the avg recommendation for the stock is Strong Buy.

To add more color to this target, the company’s high over the last year is $4.50 and the low is $1.05. Over the last 52 weeks, CKPT is up 12.05% while the S&P 500 is up 12.00%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CKPT reported a profit of $4.72 million. Checkpoint Therapeutics Inc. also saw revenues increase to $42000.0. In addition, CKPT has free cash flow of -$6.7 million as of 06-2020. The company’s EBITDA came in at -$4.67 million which compares well with its peers.

CKPT Return on Equity (ROE) is -156.00%, and its Return on Assets is -101.00%. All told, it is clear that, CKPT needs to be on your watchlist.

Find out when CKPT reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

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. CKPT has a short ratio of 1.78 and outstanding shares of 51.80M.

Company Outlook

CKPT has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -0.52. Investors should also keep an eye on sector updates as CKPT has historically followed its peers on positive news.

All told, Checkpoint Therapeutics Inc. CKPT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CKPT 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.

Checkpoint Therapeutics Inc. CKPT is now commanding a market cap of 196.69M and a float of 43.18M. CKPT 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 CKPT 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 CKPT, either long or short, and we have not been compensated for this article.

Latest article

Curaleaf Holdings Inc (OTCMKTS:CURLF) Soars As The Company Launches New Product

Despite the troubles of many cannabis stocks in recent times, Curaleaf Holdings Inc (OTCMKTS:CURLF) stock managed to emerge as one of the...

Why Tencent Holdings ADR (OTCMKTS:TCEHY) has been Thrust into the Spotlight

Chinese technology conglomerate Tencent Holdings ADR (OTCMKTS:TCEHY) has been in focus this month among investors, and that has led to a healthy...

Very Good Food Company Inc (OTCMKTS:VRYYF) Hits New High On Renewed Optimism

One of the stocks to have come into focus over the past two weeks is Very Good Food Company Inc (OTCMKTS:VRYYF).

Is Now the Time to Invest in Pilgrim’s Pride Corporation (NASDAQ:PPC)?

Pilgrim's Pride Corporation (PPC) shares are trading at higher $16.27 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Kontoor Brands Inc. (NYSE:KTB) Stock is Soaring, Here is Why

Kontoor Brands Inc. (KTB) shares are trading at higher $34.75 and the avg recommendation for the stock is Moderate Buy, while the current analyst...