Check-Cap Ltd. (NASDAQ: CHEK): Analyst View Points To Future Growth


    Renaissance Technologies LLC has recently announced that it has increased stake in Check-Cap Ltd. (NASDAQ:CHEK) by 194.21%. After grabbing 0.91 million shares, the institutional investor is now in possession of 0.6 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 3.03% having worth around $0.54 million. Moreover, Wells Fargo Clearing Services LLC increased its share by 3500.0 to have a control over 5000.0 shares. And Cetera Advisor Networks LLC raised its holdings to 2667.0 shares by acquiring 2667.0 shares or 0.01% of the stake.

    Check-Cap Ltd. (CHEK) concluded trading on 08/26/20 at a closing price of $0.41, with 1.11 million shares of worth about $0.46 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -12.06% during that period and on Wednesday the price saw a loss of about -1.10%. Currently the company’s common shares owned by public are about 46.23M shares, out of which, 42.69M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the CHEK stock and their offered price forecasts bring an average price target of $2.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $2.00 and could fall to a lowest price of $2.00. Analysts also issued an outlook of 2.00 for the Check-Cap Ltd. stock for next 12 months. However, touching the estimated high of $2.00 would mean a gain of 79.5% for the stock.

    Perritt Ultra Micro Cap Fund, DFA US Small Cap Portfolio, and DFA US Micro Cap Portfolio are the top 3 mutual funds which are holding stakes in Check-Cap Ltd. Perritt Ultra Micro Cap Fund is currently holding 75000.0 shares of worth totaling $44100.0. The company recently came buying 0.0 shares which brought its stake up to 0.25% of the company’s outstanding shares. DFA US Small Cap Portfolio sold 9442.0 shares, after which its hold over company’s outstanding shares shrunk to 0.07%, leaving 21600.0 shares with the mutual fund that have a worth of about $12701.0. DFA US Micro Cap Portfolio, after buying 8524.0 shares, have now control over 0.03% of the stake in the company. It holds 0.0 shares of worth $5012.0.

    Check-Cap Ltd. (NASDAQ: CHEK) started trading at $0.42, above $0.01 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $0.41, or with a loss of -1.10%. Stock saw a price change of -12.06% in past 5 days and over the past one month there was a price change of -36.46%. Year-to-date (YTD), CHEK shares are showing a performance of -76.42% which decreased to -79.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.35 but also hit the highest price of $2.37 during that period. While comparing its average daily trading volume of 4.75 million shares, we see that about 1.11 million changed hands on the day. The stock is currently trading -24.24% below its 20-day simple moving average (SMA20), while that difference is down -29.06% for SMA50 and it goes to -62.96% lower than SMA200.

    Renaissance Technologies LLC acquired 0.91 million shares of Check-Cap Ltd. having value of about $0.54 million. Data submitted at the U.S SEC by Renaissance Technologies LLC revealed that the firm now holds 0.6 million shares in the company valued at close to $247107.0, or have control over 194.21% stake in the company. Check-Cap Ltd. (NASDAQ: CHEK) currently have 46.23M outstanding shares and institutions hold larger chunk of about 5.90% of that. Holding of mutual funds in the company is about 0.35% while other institutional holders and individual stake holders have control over 2.99% and — of the stake respectively.

    The stock has a current market capitalization of $19.16M and its 3Y-monthly beta is at 0.18. It has posted earnings per share of -$1.63 in the same period. It has Quick Ratio of 3.70 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CHEK, volatility over the week remained 9.41% while standing at 8.23% over the month.

    Analysts are in expectations that Check-Cap Ltd. (CHEK) stock would likely to be making an EPS of -$0.08 in the current quarter, while forecast for next quarter ESPS is -$0.07 and it is -$0.28 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.08 which is -$0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.42 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 33.60% while it is estimated to increase by 33.30% in next year.

    Analysts at 1 brokerage firms have issued recommendations for the Check-Cap Ltd. (CHEK)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Dawson James on December 05, 2019 offering a Buy rating for the stock and assigned a target price of to it. Coverage by H.C. Wainwright stated Check-Cap Ltd. (CHEK) stock as a Buy in their note to investors on January 11, 2018, suggesting a price target of $6 for the stock. On November 28, 2017, H.C. Wainwright Reiterated their recommendations, while on September 28, 2017, H.C. Wainwright Reiterated their ratings for the stock with a price target of $7. Stock get a Buy rating from Rodman & Renshaw on January 19, 2017.


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