Checkpoint Therapeutics, Inc. (CKPT) Stock: A Biotechnology Stock That’s Falling

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Checkpoint Therapeutics, Inc. (CKPT) is falling in the market in today’s trading session. The stock, focused on the biotechnology space, is currently trading at $1.78 after heading down -6.32% so far in today’s session. In terms of biotechnology companies, there are quite a few aspects that have the potential to generate movement in the market. News is one of the most common reasons for movement. Here are the recent trending headlines relating to CKPT:

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Nov-08-19 07:30AM Checkpoint Therapeutics Announces Presentation of Anti-PD-L1 Cosibelimab Data at the 2019 Society for Immunotherapy of Cancer (SITC) Annual Meeting
Nov-07-19 04:30PM Checkpoint Therapeutics Reports Third Quarter 2019 Financial Results and Recent Corporate Highlights
Oct-27-19 09:33AM Did You Manage To Avoid Checkpoint Therapeutics’s (NASDAQ:CKPT) 25% Share Price Drop?
Sep-30-19 07:30AM Checkpoint Therapeutics Announces Presentation of Positive Interim Clinical Results for Anti-PD-L1 Cosibelimab at the European Society for Medical Oncology (ESMO) Congress 2019
Sep-26-19 08:30AM Checkpoint Therapeutics to Present at the 2019 Cantor Fitzgerald Global Healthcare Conference

Nonetheless, any time investors are making a decision with regard to investing, investors should look at far more than news, this is especially the case in the highly speculative biotechnology space. Here’s what’s happening with Checkpoint Therapeutics, Inc..

How CKPT Has Been Trending

While a move toward the top in a single session, like what we’re seeing from Checkpoint Therapeutics, Inc. might cause fear in some investors, that alone should not be the basis of a decision to, or not to, buy a company’s stock. It’s always smart to look into trends just a single trading session. In the case of CKPT, here are the returns on investment that we’ve seen:

  • Past 5 Sessions – In the last 7 days, CKPT has seen a price change amounting to -12.75%.
  • Monthly – The monthly performance from Checkpoint Therapeutics, Inc. has been -5.82%.
  • Past Quarter – Throughout the last quarter, the company has produced a return on investment that comes to -29.08%
  • Past Six Months – In the previous 6 months, we’ve seen a performance of -64.04% from the company.
  • YTD – Since the close of last year CKPT has generated a return on investment of -2.20%.
  • Annually – Lastly, throughout the past full year, we have seen movement in the amount of -17.21% out of CKPT. Over this period of time, the stock has sold at a high price of -65.77% and a low price of 18.67%.

Ratios That Are Notable

Digging into a few key ratios having to do with a stock can give prospective investors a view of how dangerous and/or potentially profitable a stock pick may be. Below are some of the important ratios to look at when digging into CKPT.

Short Ratio – The short ratio is a tool that’s used to measure the level of short interest. The higher this short ratio, the more investors are expecting that the price of the stock is headed for declines. Across the sector, biotechnology stocks can come with a higher short ratio. On the other hand, we also see quite a few short squeezes in the sector. Nonetheless, with regard to Checkpoint Therapeutics, Inc., the stock’s short ratio comes to 8.18.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Basically, they measure whether or not a company can pay for its debts when they mature with only quick assets or current assets. In the biotechnology sector, many companies rely on continued support from investors, the current and quick ratios can seem damning. Nonetheless, quite a few gems in the biotech industry come with positive 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 ratio compares the the price of shares to the book value of assets that are owned by the company. when it comes to Checkpoint Therapeutics, Inc., that ratio equates to 0.22.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of shares. Many clinical stage biotech companies struggle to keep cash on hand. So, if you’re looking into a stock in the biotech space, this is an important ratio to think about. In this case, the cash to share value ratio is 0.33.

How Analysts Feel About Checkpoint Therapeutics, Inc.

Although it’s rarely a good idea to avoid doing your DD and blindly following the opinions of analysts, it is a smart idea to use their opinions when validating your own due diligence when it comes to making investment decisions in the biotech space. Below are the most 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

What Institutions And Insiders Think Of Checkpoint Therapeutics, Inc.

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 18.40% of the company. Institutional interest has moved by 1.06% over the past three months. When it comes to insiders, those who are close to the company currently own 1.60% 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?

Traders and investors tend to like to know the total numbers of shares both outstanding and available. As it relates to Checkpoint Therapeutics, Inc., there are currently 40.56M with a float of 16.15M. These data mean that out of the total of 40.56M shares of CKPT currently in existence today, 16.15M are able to be traded by the public.

I also like to look at the short float. After all, when a large portion of the float is shorted, the overall feeling among traders is that the stock is going to fall. When it comes to CKPT, the short percentage of the float totals up to 2.90%. Most traders believe that a concerning short percent of the float would be any percentage over 40%. Through my work, I’ve calculated that a short ratio over 26% is generally a a play that could prove to be very risky.

Financial Results And Expectations

What have ween seen from CKPT in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – At the moment, Wall St. analysts expect that the company will come up with earnings per diluted share that totals up to be -0.64, with -0.15 to be reported in the next financial report. Although this isn’t tide to earnings, since we are chatting on the topic of Wall Street analysts, the stock is currently graded as a 1.70 on a scale from 1 to 5 on which 1 is the worst possible analyst grade and 5 is the best possible.
  • 5-Year Sales – In the last half decade, Checkpoint Therapeutics, Inc. has created a movement in sales volume that comes to a total of 0. Earnings per share over the last 5 years have generated movement in the amount of 0.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is commonly represented in the world of humans, CKPT has generated a change in earnings that comes to a total of 35.90%. The company has also seen a change in regard to sales volume in the amount of 5500.00%.

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