Check-Cap Ltd [NASDAQ: CHEK] stock went on an upward path that rose over 281.36% on Monday, amounting to a one-week price increase of more than 265.85%.
Over the last 12 months, CHEK stock rose by 8.70%. The one-year Check-Cap Ltd stock forecast points to a potential upside of 67.86. The average equity rating for CHEK stock is currently 3.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $13.61 million, with 5.85 million shares outstanding and 4.38 million shares in the current float. Compared to the average trading volume of 19.99K shares, CHEK stock reached a trading volume of 36737465 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 0.22 The Price to Book ratio for the last quarter was 0.56, with the Price to Cash per share for the same quarter was set at 4.09.
CHEK Stock Performance Analysis:
Check-Cap Ltd [CHEK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 265.85. With this latest performance, CHEK shares gained by 177.74% in over the last four-week period, additionally plugging by 13.07% over the last 6 months – not to mention a rise of 8.70% 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 87.41, with the RSI for the last a single of trading hit 92.53, and the three-weeks RSI is set at 81.65 for Check-Cap Ltd [CHEK]. The present Moving Average for the last 50 days of trading for this stock 0.9800, while it was recorded at 0.9200 for the last single week of trading, and 1.7700 for the last 200 days.
Insight into Check-Cap Ltd Fundamentals:
Check-Cap Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 18.69 and a Current Ratio set at 18.69.
