CKPT Stock Summary and Trading Ideas (Checkpoint Therapeutics | NASDAQ:CKPT)

Checkpoint Therapeutics Inc is an immuno-oncology biopharmaceutical company based in the USA. It focuses on the acquisition, development, and commercialization of novel, non-chemotherapy, immune-enhanced combination treatments for patients with solid tumor cancers. Its licensed portfolio of antibodies includes targeting programmed cell death-ligand 1 (PD-L1), glucocorticoid-induced TNFR-related protein (GITR) and carbonic anhydrase IX (CAIX). The company is evaluating its lead small-molecule, targeted anti-cancer agent, olafertinib, a third-generation epidermal growth factor receptor ("EGFR") inhibitor, as a potential new treatment for patients with EGFR mutation-positive non-small cell lung cancer.

Checkpoint Therapeutics trades on the NASDAQ stock market under the symbol CKPT.

As of November 29, 2024, CKPT stock price climbed to $4.39 with 750,699 million shares trading.

CKPT has a beta of 1.06, meaning it tends to be more sensitive to market movements. CKPT has a correlation of 0.02 to the broad based SPY ETF.

CKPT has a market cap of $214.37 million. This is considered a Small Cap stock.

Last quarter Checkpoint Therapeutics reported $0 in Revenue and -$.23 earnings per share. This fell short of revenue expectation by $-10,000 and missed earnings estimates by -$.08.

In the last 3 years, CKPT traded as high as $32.71 and as low as $1.30.

The top ETF exchange traded funds that CKPT belongs to (by Net Assets): VTI, VXF, IWC.

CKPT has outperformed the market in the last year with a price return of +71.8% while the SPY ETF gained +34.1%. CKPT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +87.6% and +28.0%, respectively, while the SPY returned +8.2% and +2.9%, respectively.

CKPT support price is $4.04 and resistance is $4.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CKPT shares will trade within this expected range on the day.