Friday, January 15, 2021

Onconova Therapeutics Inc. [ONTX] Is Currently 0.09 below its 200 Period Moving Avg: What Dose This Mean?

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Onconova Therapeutics Inc. [NASDAQ: ONTX] jumped around 0.0 points on Friday, while shares priced at $0.63 at the close of the session, up 0.09%. The company report on January 7, 2021 that Onconova Therapeutics, Inc. Announces $8.7 Million Public Offering.

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Onconova Therapeutics, Inc. (NASDAQ: ONTX) (“Onconova”), a biopharmaceutical company focused on discovering and developing novel products to treat cancer, announced that it has entered into a definitive purchase agreement with certain institutional accredited investors to purchase in a registered direct offering 19,550,562 shares of its common stock at a purchase price of $0.445 per share.


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Participating investors include Lincoln Park Capital, and Sio Capital.

Onconova Therapeutics Inc. stock is now 36.32% up from its year-to-date (YTD) trading value. ONTX Stock saw the intraday high of $0.665 and lowest of $0.619 per share. The company’s 52-week high price is 1.56, which means current price is +45.98% above from all time high which was touched on 01/05/21.

Compared to the average trading volume of 22.37M shares, ONTX reached a trading volume of 24039638 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Onconova Therapeutics Inc. [ONTX]?

H.C. Wainwright have made an estimate for Onconova Therapeutics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 01, 2018. The new note on the price target was released on January 17, 2018, representing the official price target for Onconova Therapeutics Inc. stock. Previously, the target price had yet another raise to $6, while H.C. Wainwright analysts kept a Buy rating on ONTX stock.

The Average True Range (ATR) for Onconova Therapeutics Inc. is set at 0.11, with the Price to Sales ratio for ONTX stock in the period of the last 12 months amounting to 586.49. The Price to Book ratio for the last quarter was 9.07, with the Price to Cash per share for the same quarter was set at 0.13.

How has ONTX stock performed recently?

Onconova Therapeutics Inc. [ONTX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 36.32. With this latest performance, ONTX shares gained by 102.42% in over the last four-week period, additionally plugging by 11.89% over the last 6 months – not to mention a rise of 38.62% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ONTX stock in for the last two-week period is set at 62.62, with the RSI for the last a single of trading hit 61.58, and the three-weeks RSI is set at 62.48 for Onconova Therapeutics Inc. [ONTX]. The present Moving Average for the last 50 days of trading for this stock 0.3533, while it was recorded at 0.6502 for the last single week of trading, and 0.4609 for the last 200 days.

Onconova Therapeutics Inc. [ONTX]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Onconova Therapeutics Inc. [ONTX] shares currently have an operating margin of -994.00. Onconova Therapeutics Inc.’s Net Margin is presently recorded at -985.02.

Return on Total Capital for ONTX is now -255.87, given the latest momentum, and Return on Invested Capital for the company is -253.56. Return on Equity for this stock declined to -253.56, with Return on Assets sitting at -103.39.

Reflecting on the efficiency of the workforce at the company, Onconova Therapeutics Inc. [ONTX] managed to generate an average of -$1,131,737 per employee. Receivables Turnover for the company is 32.83 with a Total Asset Turnover recorded at a value of 0.10.Onconova Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.70 and a Current Ratio set at 2.70.

Earnings analysis for Onconova Therapeutics Inc. [ONTX]

With the latest financial reports released by the company, Onconova Therapeutics Inc. posted -0.4/share EPS, while the average EPS was predicted by analysts to be reported at -0.25/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -60.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ONTX.

Insider trade positions for Onconova Therapeutics Inc. [ONTX]

There are presently around $8 million, or 11.20% of ONTX stock, in the hands of institutional investors. The top three institutional holders of ONTX stocks are: VANGUARD GROUP INC with ownership of 6,932,899, which is approximately 13.633% of the company’s market cap and around 0.40% of the total institutional ownership; GEODE CAPITAL MANAGEMENT, LLC, holding 903,398 shares of the stock with an approximate value of $0.57 million in ONTX stocks shares; and BLACKROCK INC., currently with $0.56 million in ONTX stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in Onconova Therapeutics Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 22 institutional holders increased their position in Onconova Therapeutics Inc. [NASDAQ:ONTX] by around 3,577,847 shares. Additionally, 12 investors decreased positions by around 1,783,641 shares, while 6 investors held positions by with 6,973,164 shares. The mentioned changes placed institutional holdings at 12,334,652 shares, according to the latest SEC report filing. ONTX stock had 9 new institutional investments in for a total of 1,048,588 shares, while 9 institutional investors sold positions of 1,637,401 shares during the same period.

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