Checkpoint Therapeutics, Inc. (CKPT) Stock: A Biotech Stock That’s Headed Down

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Checkpoint Therapeutics, Inc. (CKPT) is headed down in the market in today’s trading session. The company, focused in the biotech sector, is presently trading at $2.90 after falling -6.75% so far today. As it relates to biotech companies, there are several factors that have the potential to cause movement in the market. News is one of the most common reasons for movement. Here are the recent headlines surrounding CKPT:

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Jul-12-19 03:47PM Can We See Significant Insider Ownership On The Checkpoint Therapeutics, Inc. (NASDAQ:CKPT) Share Register?
Jul-01-19 08:30AM Checkpoint Therapeutics Added to Russell 2000® Index
May-09-19 05:00PM Checkpoint Therapeutics Reports First Quarter 2019 Financial Results and Recent Corporate Highlights
May-07-19 11:03AM Checkpoint Therapeutics (NASDAQ:CKPT) Shareholders Have Enjoyed A 44% Share Price Gain
May-02-19 10:32AM Checkpoint Therapeutics, Inc. (CKPT) May Report Negative Earnings: Know the Trend Ahead of Q1 Release

However, when making a decision to invest, prospective investors should take a look at far more than news, especially in the speculative biotech industry. Here’s what’s happing when it comes to Checkpoint Therapeutics, Inc..

Recent Moves From CKPT

While a move down on a single session, like the fall that we’re seeing from Checkpoint Therapeutics, Inc. might lead to fear in some investors, a single session move alone should not be the reason for a decision to, or not to, invest in a stock. It’s always smart to look at trends experienced by the stock further out than a single session. In the case of CKPT, below are the movements that we’ve seen:

  • Past 7 Days – Throughout the last 7 days, CKPT has seen a price change amounting to -11.04%.
  • Monthly – The monthly performance from Checkpoint Therapeutics, Inc. works out to -38.30%.
  • Past Three Months – Over the last three months, the company has produced a return on investment of -4.29%
  • Past 6 Months – Over the past 6 months, we’ve seen a performance that works out to -2.52% from the company.
  • Year To Date – Since the open of this year CKPT has resulted in a return of 59.34%.
  • Full Year – Finally, over the last year, investors have seen a change that comes to 5.45% out of CKPT. Throughout this period, the stock has traded at a high of -44.23% and a low price of 93.33%.

Ratios To Watch

Digging into various key ratios associated with a company can give prospective traders an understanding of just how dangerous and/or rewarding a pick may be. Here are a few of the key ratios to look at when digging into CKPT.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors have a belief that the value of the stock is headed for declines. Throughout the sector, biotech stocks tend to carry a higher short ratio. On the other hand, we also tend to see quite a few short squeezes in the industry. Nonetheless, in relation to Checkpoint Therapeutics, Inc., it’s short ratio is 0.92.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Basically, they measure If a company is able to cover its debts when they come due using current assets or quick assets. Because many biotech several companies rely heavily on continued investor support, the current and quick ratios can be damning. Nonetheless, several better companies in the biotechnology space come with good quick and current ratios. As it relates to CKPT, the quick and current ratios work out to 1.90 and 1.90 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets that are owned by the company. In this particular case, that ratio comes in at 0.22.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the price of the company’s stock. Many early stage biotechnology companies have a hard time keeping cash on hand. So, if you’re considering an investment in a biotechnology stock, this is a very important ratio to think about. In this case, the cash to share value ratio is 0.36.

What Analysts Say About Checkpoint Therapeutics, Inc.

Although it’s rarely a smart idea to blindly follow the thoughts of analysts, it is a smart idea to consider their thoughts when validating your own opinions before making an investment decision in the biotech industry. Below you’ll find the recent moves that we have seen from analysts with regard to CKPT.

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May-29-19 Initiated Lake Street Buy
Dec-08-17 Initiated H.C. Wainwright Buy $11

Moves From Big Money Players

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 10.80% of the company. Institutional interest has moved by 2.80% over the past three months. When it comes to insiders, those who are close to the company currently own 9.70% percent of CKPT shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

Interested In How Many Shares Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 38.78M shares of Checkpoint Therapeutics, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, CKPT has a float of 14.83M.

I also like to pay attention to the short percent. After all, if a large percentage of the float available for trading is shorted, the overall opinion in the market is that the equity is headed for a steep decline. As far as it relates to CKPT, the percentage of the float that is currently being sold short is 0.97%. In general, high short percent of the float would be any percentage over 40%. Nonetheless, I’ve seen that anything over 26% is likely a play that comes with hefty risk.

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.78. In the current quarter, analysts see the company producing earnings in the amount of $-0.17. Over the last 5 years, CKPT has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of 48.40% and revenue has seen movement of 33.30%.

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