Check-Cap Ltd [NASDAQ: CHEK] jumped around 0.5 points on Tuesday, while shares priced at $2.47 at the close of the session, up 25.70%.
Compared to the average trading volume of 25.75K shares, CHEK reached a trading volume of 13158122 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Check-Cap Ltd [CHEK]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CHEK shares is $7.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CHEK stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Dawson James have made an estimate for Check-Cap Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 05, 2019. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price from $5.50 to $6. The new note on the price target was released on January 11, 2018, representing the official price target for Check-Cap Ltd stock. Previously, the target price had yet another drop from $7 to $5.50, while H.C. Wainwright kept a Buy rating on CHEK stock. On September 28, 2017, analysts increased their price target for CHEK shares from 6 to 7.
The Average True Range (ATR) for Check-Cap Ltd is set at 0.18 The Price to Book ratio for the last quarter was 0.53, with the Price to Cash per share for the same quarter was set at 4.82.
How has CHEK stock performed recently?
Check-Cap Ltd [CHEK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 32.77. With this latest performance, CHEK shares gained by 10.27% in over the last four-week period, additionally sinking by -44.49% over the last 6 months – not to mention a rise of 87.12% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CHEK stock in for the last two-week period is set at 67.97, with the RSI for the last a single of trading hit 74.95, and the three-weeks RSI is set at 62.43 for Check-Cap Ltd [CHEK]. The present Moving Average for the last 50 days of trading for this stock 2.1100, while it was recorded at 2.1100 for the last single week of trading, and 2.8300 for the last 200 days.
Check-Cap Ltd [CHEK]: Deeper insight into the fundamentals
Check-Cap Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 17.60 and a Current Ratio set at 17.60.
Insider trade positions for Check-Cap Ltd [CHEK]
The top three institutional holders of CHEK stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CHEK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CHEK stock with ownership which is approximately 5.8325%.
