Check-Cap (NASDAQ:CHEK) & QuantumScape: 2 Stocks On Investors’ Radar

January 05, 2021 06:20 AM EST | By Team Kalkine Media
 Check-Cap (NASDAQ:CHEK) & QuantumScape: 2 Stocks On Investors’ Radar

Summary

  • Units of Check-Cap rocketed over 215 per cent on January 4. The stock has a 10-day trading volume of 40.42 million units.
  • Stocks of Check-Cap have soared as much as 291 per cent in the last one month.
  • QuantumScape’s units plunged nearly 41 per cent on Monday, steered by the latest fraud investigation against the company.

Stocks of biotech firm Check-Cap (CHEK:US or NASDAQ: CHEK) zoomed over 215 per cent on January 4. The rise came on the heels of last week’s rally when the biotech stock soared nearly 40 per cent. The rally was driven on the back of a notice from NASDAQ that permitted Check-Cap an extra time of 180 days to retain compliance. Earlier, the company had failed to maintain the minimum bid price.

Electric-car battery manufacturer QuantumScape Corp.’s (QS:US or NYSE: QS) stocks doffed almost 41 per cent on Monday after an investigation was launched on possible breach of federal securities laws, informed the company in an exchange filing. It was the worst plunge since the company went public in November after the merger with a blank-check firm, Kensington Capital Acquisition Corp.

Let us glance at these active stocks:

Check-Cap Ltd. (CHEK:US or NASDAQ: CHEK)

Current Stock Price: US$ 1.45

The biotechnology company develops device to screen colorectal cancer. In the third quarter of 2020, the company applied for Investigational Device Exemption application to study C-Scan®, a pill for colorectal cancer patients, to the US FDA (Food and Drug Administration).

The biotech firm has 46.23 million outstanding list shares. Its 10-day average stock trading volume stands at 40.42 million units. The stock has yielded nearly 291 per cent in the last one month.

The stock has a present price-to-book ratio of 1.208 and a debt-to-equity ratio of 0.02. Its current market cap stands at US$ 67 million, as per the TMX portal.

The company spent nearly US$ 7.2 million on research and development (R&D) for the nine months ended September 30, 2020, against US$ 7.7 million for the same period in 2019.

QuantumScape Corporation (QS:US or NYSE: QS)

Current QS Stock Price: US$ 49.96

The electric vehicle (EV) battery producer’s stock has increased by approximately 18 per cent in the last one-month, led by the EV rally. The stock is actively trading with a 10-day average volume of nearly 19 million units. Its 30-day average volume stands at 14.75 million units.

The company has 207.7 million outstanding listed shares, and its current market cap is US$ 10.37 billion. The stock has a present price-to- earnings ratio of -72.50 per cent, according to TMX data.

The solid-state lithium-metal battery developer is expected to enhance the range and reduce charging times for electric vehicles in the coming times.


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