The Short-term Rise and Fall of Checkpoint Therapeutics Inc (CKPT) Stock

Checkpoint Therapeutics Inc [CKPT] stock is trading at $2.44, up 9.91%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CKPT shares have gain 8.93% over the last week, with a monthly amount glided 16.19%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, B. Riley Securities started tracking the stock with Buy rating on June 09, 2021, and set its price target to $18. On January 20, 2021, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $16 on the stock. Lake Street started tracking the stock assigning a Buy rating. H.C. Wainwright initiated its recommendation with a Buy and recommended $11 as its price target on December 08, 2017.

Checkpoint Therapeutics Inc [CKPT] stock has fluctuated between $1.36 and $3.62 over the past year. Checkpoint Therapeutics Inc [NASDAQ: CKPT] shares were valued at $2.44 at the most recent close of the market.

Analyzing the CKPT fundamentals

Checkpoint Therapeutics Inc [NASDAQ:CKPT] reported sales of 0.08M for the trailing twelve months, which represents a growth of 32.26%. Gross Profit Margin for this corporation currently stands at -284.79% with Operating Profit Margin at -455.01%, Pretax Profit Margin comes in at -544.45%, and Net Profit Margin reading is -544.45%. To continue investigating profitability, this company’s Return on Assets is posted at -7.49, Equity is 2.92 and Total Capital is 2.25.

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 2.28 points at the first support level, and at 2.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.55, and for the 2nd resistance point, it is at 2.65.

Ratios To Look Out For

For context, Checkpoint Therapeutics Inc’s Current Ratio is 0.26. Further, the Quick Ratio stands at 0.26, while the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 1373.11.

Transactions by insiders

Recent insider trading involved Oliviero James F III, CEO, President and Director, that happened on Jun 26 ’24 when 24610.0 shares were sold. Chief Financial Officer, GRAY WILLIAM GARRETT completed a deal on Jun 26 ’24 to sell 13038.0 shares. Meanwhile, CEO, President and Director Oliviero James F III sold 5894.0 shares on Feb 28 ’24.

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