Israeli stock alert

ISRAEL

Afternoon Alert: Compugen keeps rising: up 12.2% in 3 days 19 August 2018 14:10 IDT

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Compugen Ltd. (TASE:CGEN) extended its gains on Sunday, rising an additional 84.0 agorot (or 7.1%) to trade at NIS12.60. Trading volume was 7.9 times average so far today. The shares have risen NIS1.37 (or 12.2%) over the past three trading days vs. the TA-25 Index which has risen 1.1% in the same period.

Current indications of bullish signals that support the trend in the unusual trading:

+ The stock has outperformed 88% of the Israel market over the past 6 months.

+ The price soared 11.0% in the last week and jumped 8.5% in the last month.

Note

Compugen today is at a discount of 23.0% to the 12-month high of NIS16.36 on 01 Apr, 2018. It is at a premium of 53.1% to the 12-month low of NIS8.23 on 05 Dec, 2017.

Bearish Signals:

The negative 0.11 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

Tobin's Q Ratio is 5.1. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Return on Assets, Return on Equity and Return on Capital Employed has been negative in recent years.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price to Book of 6.7 [3.8]

Compugen Ltd. (TV:CGEN; TLV:CGEN; TA:CGEN; TA:CGEN; IT:CGEN)

ISIN: IL0010852080

PermID: 4295875123

Source: www.BuySellSignals.com