Checkpoint Therapeutics (CKPT) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Checkpoint Therapeutics (NASDAQ:CKPT) from a buy rating to a hold rating in a report issued on Friday.

According to Zacks, “Checkpoint Therapeutics, Inc. is a clinical stage, immuno oncology biopharmaceutical. It focused on the acquisition, development and commercialization of non-chemotherapy, immune-enhanced combination treatments for patients with solid tumor cancers. Checkpoint Therapeutics, Inc. is headquartered in New York City. “

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Separately, HC Wainwright initiated coverage on Checkpoint Therapeutics in a research report on Friday, December 8th. They issued a buy rating and a $11.00 price target for the company.

CKPT opened at $4.30 on Friday. The stock has a market capitalization of $137.66 and a P/E ratio of -4.30. Checkpoint Therapeutics has a 12 month low of $3.20 and a 12 month high of $13.00.

Checkpoint Therapeutics (NASDAQ:CKPT) last released its quarterly earnings results on Friday, March 16th. The company reported ($0.26) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.01. The company had revenue of $0.33 million during the quarter, compared to analyst estimates of $0.35 million. Checkpoint Therapeutics had a negative return on equity of 102.39% and a negative net margin of 1,316.72%. analysts expect that Checkpoint Therapeutics will post -0.84 EPS for the current year.

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About Checkpoint Therapeutics

Checkpoint Therapeutics, Inc, an immuno-oncology biopharmaceutical company, focuses on the acquisition, development, and commercialization of non-chemotherapy and immune-enhanced combination treatments for patients with solid tumor cancers. Its pipeline consists of human, immuno-oncology, and checkpoint inhibitor antibodies that target programmed death-ligand 1; glucocorticoid-induced TNFR-related protein; and carbonic anhydrase IX.

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