Check Cap (NASDAQ:CHEK) Earns Buy Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of Check Cap (NASDAQ:CHEK) in a research report report published on Wednesday morning, reports. They currently have a $15.00 target price on the medical research company’s stock.

“We have assessed Y-mAbs using a discounted cash flow (DCF)-based methodology, which yields a total enterprise value of $1.45B. We utilize a 90% probability of approval for naxitamab in r/r neuroblastoma and for omburtamab in CNS mets from neuroblastoma. We utilize a 60% probability of approval for omburtamab in DIPG. Our discount rate is 10% and effective tax rate is 27.5%. We derive a market value of the firm of roughly $1.45B, which translates into a price per share of $40 assuming 37.8M shares outstanding as of end-1Q20.”,” HC Wainwright’s analyst commented.

Separately, Zacks Investment Research raised HANNOVER RUECK/S from a sell rating to a hold rating in a report on Friday, May 17th.

Shares of NASDAQ:CHEK opened at $2.22 on Wednesday. Check Cap has a 12-month low of $1.62 and a 12-month high of $4.50. The firm has a 50 day moving average of $2.24.

Check Cap (NASDAQ:CHEK) last announced its quarterly earnings results on Monday, May 13th. The medical research company reported ($0.44) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.47) by $0.03. Equities research analysts predict that Check Cap will post -1.69 EPS for the current fiscal year.

About Check Cap

Check-Cap Ltd., a clinical stage medical diagnostics company, engages in the development of a capsule-based system that utilizes low-dose X-rays for screening of the colon to detect polyps, masses, and colorectal cancers in Israel. Its C-Scan system consists of C-Scan Cap, an X-ray scanning capsule, which is designed to measure, collect, and transmit structural information; C-Scan Track, a biocompatible unit worn on the patient's back for capsule control, tracking, and data recording; and C-Scan View, a personal computer-based software package, which is designed to retrieve and process clinical data from the C-Scan Track, and to reconstruct and produce 3D visualization of the colon's inner surface.

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