Checkpoint Therapeutics, Inc. (CKPT) Stock: Here’s What’s Happening

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Checkpoint Therapeutics, Inc. (CKPT) is falling in the market today. The stock, focused in the biotech industry, is presently trading at $1.78 after heading down -6.32% so far today. When it comes to biotech companies, there are several factors that have the potential to cause declines in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines centered around 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

However, any time investors are making an investing decision, investors should look at much more than just news, this is especially the case in the speculative biotech industry. Here’s what’s happing when it comes to Checkpoint Therapeutics, Inc..

How CKPT Has Been Trending

Although a single session decline, like the fall that we’re seeing from Checkpoint Therapeutics, Inc. may lead to fear in some investors, a single session move by itself should not be the basis of a decision to, or not to, invest in a company. It is always important to dig into trends beyond a single trading day. As it relates to CKPT, here are the returns on investment that we’ve seen:

  • Past 7 Days – Over the last five trading sessions, CKPT has produced a change in value in the amount of -12.75%.
  • Monthly – The return from Checkpoint Therapeutics, Inc. over the last month works out to -5.82%.
  • Quarterly – Over the past quarter, the stock has produced a return that works out to -29.08%
  • Past 6 Months – Over the previous six months, we’ve seen a performance of -64.04% from the stock.
  • Year To Date – Since the the last trading session of last year CKPT has produced a ROI of -2.20%.
  • Annually – Lastly, throughout the past year, investors have seen a change 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 Worth Paying Attention To

Looking at various ratios having to do with a stock can give prospective traders a view of how risky and/or potentially profitable a an investment option may be. Here are a few of the most important ratios to look at when digging into CKPT.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it means that more investors believe that the stock is headed for declines. Throughout the sector, biotech stocks can have a higher short ratio. However, we also tend to see a lot of short squeezes in the space. 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 tools that are used to dive into liquidity. Essentially, they measure If a company is able to cover its debts as they mature with only current assets or quick assets. Because many biotech companies are reliant on the continuation of investor support, these ratios can look upsetting. Nonetheless, some gems in the biotech industry come with good current and quick ratios. As it relates to CKPT, the quick and current ratios total up to 1.90 and 1.90 respectively.  

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

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the price of the company’s stock. Several clinical stage biotech companies have a hard time keeping cash on hand. So, when investing in the biotechnology space, this is a very important ratio to look into. When it comes to CKPT, the cash to share value ratio works out to 0.33.

What Analysts Think About Checkpoint Therapeutics, Inc.

While it’s never a smart idea to blindly follow the thoughts of analysts, it is a smart idea to use their opinions to validate your own before making an investment decision in the biotechnology sector. Here are the recent moves that we have seen from analysts as it relates to CKPT.

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

Big Money And Checkpoint Therapeutics, Inc.

An interesting fact that I have learned so far in my short period here has been that smart money tends to follow big money investors. So, investors that want to play it relatively safe will follow moves made by institutions as well as those on the inside. So, is big money interested as it relates to CKPT? Here’s the information:

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.

What’s The Float Looking Like?

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 40.56M 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 16.15M.

I also find it important to pay attention to the short percentage of the float. Think about it, if a high percentage of the float available for trading is shorted, the overall feeling among traders is that the company is going to lose value. When it comes to CKPT, the percentage of the float that is currently being sold short is 2.90%. Most investors would say that a high short percent of the float would be considered to be anything over 40%. Through my work, I have seen that any short percent of the float over 26% is likely a a play that could prove to be very risky.

What We’ve Seen In earnings results

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

  • Analyst Expectations – As it stands, Wall Street analysts are expecting that CKPT will report EPS that comes to -0.64, with -0.15 to be reported in the earnings announcement for the current quarter. Although this isn’t tide to earnings, because we are chatting about analysts, Checkpoint Therapeutics, Inc. is currently rated a 1.70 on a scale from 1 to 5 where 1 is the worst possible Wall St. analyst rating and 5 is the best possible.
  • 5-Year Sales – Throughout the past 5 years, Checkpoint Therapeutics, Inc. has created a movement in revenue that works out to 0. Earnings through the past half decade have seen movement in the amount of 0.
  • Quarter Over Quarter – when it comes to quarter over quarter data, or Q/Q data as it is often referred to as in today’s society, CKPT has seen a change in earnings that comes to a total of 35.90%. Checkpoint Therapeutics, Inc. has also seen movement in terms of sales volume that totals 5500.00%.

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