| 2020 | 2021 | 2022 | 2023 (projected) | Current Assets | 18.42 M | 52.75 M | 42.63 M | 46 M | Total Assets | 19.64 M | 55.66 M | 45.44 M | 49.03 M |
Breaking down the latest Check Cap volatility
 | By Ellen Johnson | Macroaxis Story |
Detailed assessment
Check Cap Ltd. operates within the Health Care Equipment & Supplies sector, and is part of the broader Health Care industry. The company has a performance score of 19 on a scale of zero to one hundred. It has a Beta (a measure of market volatility) of 1.5407, indicating a somewhat significant risk relative to the market. If the market rises, Check Cap is expected to outperform it. Conversely, if the market experiences negative returns, Check Cap is likely to underperform. It's important to consider not only Check Cap's historical returns, but also its current trending patterns. When predicting the future performance of any stock, it's crucial to look at the business as a whole, including all fundamental and technical indicators. Check Cap has an expected return of 1.79. To determine if this will be sustainable in the future, we've identified twenty-seven different technical indicators, which can help you assess if the expected returns are sustainable. Consider using Check Cap's coefficient of variation, potential upside, rate of daily change, as well as the relationship between the sortino ratio and skewness to analyze future returns on Check Cap.Macroaxis uses a strict editorial review process to publish stories and blog posts. Our publishers support our company and may receive a small commission when the partner links or references are utilized. Commissions do not affect the opinions or evaluations of our editorial team. The information our editors and media partners deliver is confidential and licensed for your sole use as a Macroaxis user. We reserve all rights to the content of this article, and therefore copying or distributing this story in whole or in part is strictly prohibited.
Reviewed by Vlad Skutelnik
Check Cap Ltd. (NASDAQ: CHEK), a key player in the Healthcare sector, specifically in the Diagnostics & Research industry, recently experienced a slight dip in its stock price. This comes amidst a fluctuating market environment characterized by a daily balance of power of -0.62 and a rate of daily change of 0.97. The stock's valuation real value stands at $3.12, slightly below the valuation market value of $3.41, and well below the valuation hype value of $4.29. The stock's recent dip has resulted in a day median price of $3.44 and a day typical price of $3.43, which is significantly lower than the naive expected forecast value of $3.87. Despite the current downtrend, the accumulation distribution figure stands at 2.3K, indicating that the stock is still being accumulated at this lower price level. Analysts have maintained a 'Hold' consensus on the stock, with 2 holds currently in place. However, the recent dip has opened up a potential buying opportunity for investors, with a possible upside price of $10.8 compared to a possible downside price of $0.0341. Despite the recent loss, the price action indicator stands at -0.08, suggesting that the stock may soon experience a reversal. As we approach the fiscal year end in December, investors are closely watching Check Cap's performance and are considering whether now is the right time to buy. Volatility is a rate at which the price of Check Cap or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Check Cap may increase or decrease. In other words, similar to Check's beta indicator, it measures the risk of Check Cap and helps estimate the fluctuations that may happen in a short period of time. So if prices of Check Cap fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.
Watch out for price decline
Please consider monitoring Check Cap on a daily basis if you are holding a position in it. Check Cap is trading at a penny-stock level, and the possibility of delisting is much higher compared to other stocks. However, just because the stock is trading under one dollar, does not mean it will be marked for deletion. Most exchanges require public instruments, such as Check Cap stock to be traded above the $1 level to remain listed. If Check Cap stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.
How important is Check Cap's Liquidity
Check Cap financial leverage refers to using borrowed capital as a funding source to finance Check Cap ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Check Cap financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Check Cap's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Check Cap's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Check Cap's total debt and its cash.
Check Cap Gross Profit
Check Cap Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Check Cap previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Check Cap Gross Profit growth over the last 10 years. Please check Check Cap's gross profit and other fundamental indicators for more details.
Check Cap Volatility Drivers
Check Cap unsystematic risk is unique to Check Cap and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Check Cap you can also buy Fonar. You can also mitigate this risk by investing in the health care sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Check Cap important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Check Cap income statement and balance sheet. Here are more details about Check volatility.Click cells to compare fundamentals
What is driving Check Cap Investor Appetite?
The latest price rise of Check Cap could raise concerns from institutional investors.as the firm is trading at a share price of 3.41 on 50,187 in volume. The company executives may have good odds in positioning the firm resources to exploit market volatility in September. The stock standard deviation of daily returns for 90 days investing horizon is currently 6.93. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Check Cap partners.
Check Cap Stock (NASDAQ: CHEK) recently experienced a slight dip in price, opening a potential buying opportunity for investors. The stock's Mean Deviation stands at 4.58, indicating a significant degree of volatility. Despite this, the Target Price is set at $7, well above the Day Typical Price of $3.43. This suggests a Potential Upside of 14.84, a promising prospect for potential investors.However, investors should also consider the stock's Downside Deviation of 6.04 and the Maximum Drawdown of 41.89. The company's Current Ratio is a healthy 13.04X, indicating its ability to meet short-term obligations. With a Market Capitalization of $19.91M and Total Assets amounting to $45.44M, the company's financial position appears solid. The Probability Of Bankruptcy stands at 5.06%, which, while not negligible, is relatively low. The company's Beta of 0.74 suggests it is less volatile than the market as a whole. The stock's Rate Of Daily Change is 0.97, indicating a relatively stable price movement. Despite recent volatility, Check Cap Stock may present an attractive opportunity for investors willing to take on some risk. .
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