Check-Cap Ltd (NASDAQ:CHEK) does about 19.99K shares in volume on a normal day but saw 36737465 shares change hands in the recent trading day. The company now has a market cap of 13.61M USD. Its current market price is $2.25, marking an increase of 281.36% compared to the previous close of $0.59. The 52 week high reached by this stock is $3.45 whilst the lowest price level in 52 weeks is $0.56.
Check-Cap Ltd (CHEK) has a 20-day trading average at $0.7900 and the current price is -34.78% off the 52-week high compared with 301.79% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.9800 and its 200-day simple moving average is $1.7700. If we look at the stock’s price movements over the week, volatility stands at 92.55%, which decreases to 26.90% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 87.41 to suggest the stock is overbought.
The consensus objective for the share price is $7.00, suggesting that the stock has a potential upside of 67.86% over the period.
H.C. Wainwright reiterated its price target at $7-$5.50.
The current price level is 183.18%, 129.25%, and 27.05% away from its SMA20, SMA50, and SMA200 respectively, with the CHEK price moving below the 50-day SMA on current market day. Check-Cap Ltd (CHEK) stock is up 265.85% over the week and 177.74% over the past month. Its price is 8.17% year-to-date and 8.70% over the past year.
To reach the target analysts have set, the stock logically needs to grow 67.86 percent from here.
Outstanding shares total 5.85M with insiders holding 25.06% of the shares and institutional holders owning 0.23% of the company’s common stock. The company has a return on investment of -74.17%. The beta has a value of 0.15. Price to book ratio is 0.56.
