At the time of writing, Check-Cap Ltd [CHEK] stock is trading at $2.47, up 25.70%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CHEK shares have gain 32.77% over the last week, with a monthly amount glided 10.27%, and seem to be holding up well over a long-time horizon.
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On 25, March 2024, Nobul AI Corp and Check-Cap Ltd Enter into Definitive Business Combination Agreement. In a post published today on Yahoo Finance, Proposed business combination to create a North American technology company with an AI-driven fintech marketplace. Combined company to apply for listing on Nasdaq and TSX.
From an analyst’s perspective:
Previously, H.C. Wainwright reaffirmed its Buy rating on January 11, 2018, and elevated its price target to $6. On November 28, 2017, H.C. Wainwright reiterated its Buy rating and revised its price target to $5.50 on the stock. H.C. Wainwright reiterated its Buy rating and increased its price target to $7 on September 28, 2017. Rodman & Renshaw initiated its recommendation with a Buy and recommended $6 as its price target on January 19, 2017. Maxim Group reiterated a Buy rating for this stock on August 01, 2016, and downed its price target to $6. In a note dated May 20, 2016, Chardan Capital Markets reiterated an Buy rating on this stock and revised its target price from $6 to $4.
For the past year, the stock price of Check-Cap Ltd fluctuated between $1.25 and $4.62. Check-Cap Ltd [NASDAQ: CHEK] shares were valued at $2.47 at the most recent close of the market.
Analyzing the CHEK fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.61, Equity is -0.52 and Total Capital is -0.71. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.1900 points at the first support level, and at 1.9000 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.8100, and for the 2nd resistance point, it is at 3.1400.
Check-Cap Ltd [CHEK] reported earnings per share of -$0.44 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.29/share, meaning a difference of $-0.15 and a surprise factor of -51.70%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$1.18 per share as compared to estimates of -$0.45 per share, a difference of $-0.73 representing a surprise of -162.20%.
Ratios To Look Out For
It is important to note that Check-Cap Ltd [NASDAQ:CHEK] has a current ratio of 17.60. Also, the Quick Ratio is 17.60, while the Cash Ratio stands at 2.07.
