Checkpoint Therapeutics, Inc. (CKPT) Stock: A Strong Pick In The Biotech Space?

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Checkpoint Therapeutics, Inc. (CKPT) is trending down in the market today. The stock, focused on the biotech industry, is currently priced at $3.10 after heading down -5.20% so far in today’s session. When it comes to biotechnology companies, there are a number of factors that have the ability to lead to declines in the market. One of the most common is news. Here are the recent headlines centered around CKPT:

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Mar-15-19 07:30AM Checkpoint Therapeutics Reports Full-Year 2018 Financial Results and Recent Corporate Highlights
Mar-13-19 08:30AM Checkpoint Therapeutics Announces Issuance of Two New Patents for EGFR Inhibitor CK-101
Jan-07-19 08:30AM Checkpoint Therapeutics Initiates Registrational Development Programs for Anti-PD-L1 Antibody CK-301
Dec-25-18 02:39PM Are Checkpoint Therapeutics, Inc.s (NASDAQ:CKPT) Interest Costs Too High?
Nov-02-18 09:15AM Checkpoint Therapeutics, Inc. (CKPT) Reports Q3 Loss, Lags Revenue Estimates

Nonetheless, when making a decision with regard to investing, prospective investors should look into much more than just news, this is especially the case in the highly speculative biotech space. Here’s what’s happing when it comes to Checkpoint Therapeutics, Inc..

Performance Trends That We’ve Seen From CKPT

While a move down on a single session, like the fall that we’re seeing from Checkpoint Therapeutics, Inc. may make some investors tremble, a single session decline alone shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It’s generally smart to take a look at trends experienced by the stock for a period longer than a single session. When it comes to CKPT, below are the trends that investors have experienced:

  • Weekly – Over the last 7 days, CKPT has produced a change in value that amounts to 1.97%.
  • Past Month – The monthly returns from Checkpoint Therapeutics, Inc. comes to -17.33%.
  • Past 3 Months – Over the last quarter, the stock has generated a return of 58.97%
  • Past 6 Months – In the last six months, we’ve seen a performance of -31.87% from the company.
  • YTD – Since the open of this year CKPT has generated a return of 70.33%.
  • Full Year – Finally, in the last year, investors have seen a change of -32.90% from CKPT. Over this period, the stock has sold at a high price of -39.33% and a low price of 106.67%.

Ratios Of Note

Digging into various ratios associated with a stock can give traders a look of just how dangerous and/or rewarding a an investment option may be. Below are a few of the important ratios to consider when digging into CKPT.

Short Ratio – The short ratio is a measure of short interest. As the ratio goes higher, it means that more investors have a belief that the stock is headed for declines. Across the sector, biotech stocks can come with a higher short ratio. However, we also see quite a few short squeezes in the space. Nonetheless, when it comes to Checkpoint Therapeutics, Inc., it’s short ratio amounts to 5.13.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Essentially, they measure If a company is able to cover its debts as they mature based on quick assets or current assets. Because many biotech companies are reliant on the continuation of support from investors, the current and quick ratios can seem damning. However, several better companies in the biotech space come with strong current and quick ratios. In terms of CKPT, the quick and current ratios come to 3.50 and 3.50 respectively.  

Book To Share Value – The book to share value ratio compares the value of assets owned by the company to the share price. In this case, that ratio is 0.75.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the value of shares. Several early stage biotech companies have a hard time keeping cash on hand. So, if you’re interested in a stock in the biotechnology sector, this is an important ratio to consider. In this case, the cash to share value ratio works out to 0.94.

How Analysts Feel About Checkpoint Therapeutics, Inc.

While it’s rarely a good idea to blindly follow the opinions of analysts, it is a smart idea to use their opinions in order to validate your own thoughts when it comes to making investment decisions in the biotech industry. Below you’ll find the most recent moves that we have seen from analysts as it relates to CKPT.

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Dec-08-17 Initiated H.C. Wainwright Buy $11

Smart Money Follows Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in CKPT, here’s what we’re seeing:

Institutions own 11.20% of the company. Institutional interest has moved by -4.63% over the past three months. When it comes to insiders, those who are close to the company currently own 9.40% percent of CKPT shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

A Look At Share Counts

Investors and traders seem to be interested in the counts of shares both available and outstanding. As far as Checkpoint Therapeutics, Inc., there are currently 31.44M and there is a float of 20.82M. These data mean that out of the total of 31.44M shares of CKPT that are out there today, 20.82M are available to be traded in the public realm.

I also find it important to follow the short percent. Think about it, if a high percentage of the float is shorted, the overall opinion in the market is that the company is headed for a steep decline. When it comes to CKPT, the percentage of the float that is shorted is 1.56%. Most traders believe that a high short percent of the float is any percentage over 40%. However, I have calculated that a short percent of the float over 26% is generally a risky play.

What We’ve Seen In Financial Results

What have ween seen from CKPT in terms of financial results?Here is the data:

  • Analyst Expectations – Currently, Wall St. analysts are expecting that Checkpoint Therapeutics, Inc. will create earnings per diluted share that totals up to be -0.70, with -0.30 to be reported in the report for the current quarter. Although this information isn’t earnings driven, since we’re chatting about Wall St. analysts, Checkpoint Therapeutics, Inc. is presently rated a 0 when rated on a scale from 1 to 5 where 1 is the poorest Wall Street analyst grade and 5 is the best possible.
  • 5-Year Sales – Over the last 5 years, Checkpoint Therapeutics, Inc. has generated a movement in revenue that works out to be 0. Earnings in the past 5 years have generated a change of 0.
  • Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is generally referred to as in the human world, the company has generated a change in earnings that amounts to -22.90%. The company has also seen movement in regard to revenue that totals -98.60%.

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