Check Cap (NASDAQ:CHEK) has been assigned a $14.00 target price by stock analysts at HC Wainwright in a report released on Friday. The firm currently has a “buy” rating on the medical research company’s stock. HC Wainwright’s target price points to a potential upside of 378.63% from the stock’s current price.

Shares of CHEK opened at $2.93 on Friday. Check Cap has a 12-month low of $3.08 and a 12-month high of $19.78.

Check Cap (NASDAQ:CHEK) last announced its quarterly earnings data on Monday, November 5th. The medical research company reported ($0.50) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.53) by $0.03. As a group, research analysts forecast that Check Cap will post -2.57 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in CHEK. Dimensional Fund Advisors LP purchased a new stake in shares of Check Cap in the third quarter valued at about $141,000. Fosun International Ltd purchased a new stake in shares of Check Cap in the second quarter valued at about $517,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Check Cap in the second quarter valued at about $524,000. 1.55% of the stock is owned by hedge funds and other institutional investors.

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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