Market Analysts see OncoSec Medical Incorporated [ONCS] gaining to $10. Time to buy?

OncoSec Medical Incorporated [NASDAQ: ONCS] jumped around 1.33 points on Thursday, while shares priced at $7.09 at the close of the session, up 23.09%. The company report on January 21, 2021 that OncoSec Medical Announces Pricing of $42.0 Million Public Offering of Common Stock.

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OncoSec Medical Incorporated (NASDAQ:ONCS) (the “Company” or “OncoSec”), a late-stage biotechnology company focused on designing, developing and commercializing innovative therapies and proprietary medical approaches to stimulate and to guide an anti-tumor immune response for the treatment of cancer announced the pricing of an underwritten public offering of 7,711,284 shares of its common stock at a price of $5.45 per share, with expected gross proceeds to OncoSec of approximately $42.0 million. The offering is expected to close on or about January 25, 2021, subject to customary closing conditions.

BTIG, LLC is acting as sole book-running manager for the offering. A.G.P./Alliance Global Partners and ThinkEquity, a division of Fordham Financial Management, Inc. are acting as lead managers for the offering. Maxim Group LLC and Dawson James Securities, Inc. are acting as co-managers for the offering.

OncoSec Medical Incorporated stock is now 9.92% up from its year-to-date (YTD) trading value. ONCS Stock saw the intraday high of $7.32 and lowest of $5.95 per share. The company’s 52-week high price is 7.13, which means current price is +24.39% above from all time high which was touched on 01/21/21.

Compared to the average trading volume of 287.86K shares, ONCS reached a trading volume of 3345279 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about OncoSec Medical Incorporated [ONCS]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ONCS shares is $8.13 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ONCS stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Dawson James have made an estimate for OncoSec Medical Incorporated shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 27, 2020. While these analysts kept the previous recommendation, H.C. Wainwright dropped their target price from $4 to $1. The new note on the price target was released on November 07, 2018, representing the official price target for OncoSec Medical Incorporated stock. Previously, the target price had yet another raise to $4, while Piper Jaffray analysts kept a Overweight rating on ONCS stock.

The Average True Range (ATR) for OncoSec Medical Incorporated is set at 0.53 The Price to Book ratio for the last quarter was 11.62.

How has ONCS stock performed recently?

OncoSec Medical Incorporated [ONCS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.13. With this latest performance, ONCS shares gained by 15.28% in over the last four-week period, additionally plugging by 103.74% over the last 6 months – not to mention a rise of 249.26% 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 ONCS stock in for the last two-week period is set at 62.27, with the RSI for the last a single of trading hit 64.88, and the three-weeks RSI is set at 61.12 for OncoSec Medical Incorporated [ONCS]. The present Moving Average for the last 50 days of trading for this stock 5.79, while it was recorded at 6.30 for the last single week of trading, and 3.67 for the last 200 days.

OncoSec Medical Incorporated [ONCS]: Deeper insight into the fundamentals

Return on Total Capital for ONCS is now -188.50, given the latest momentum, and Return on Invested Capital for the company is -189.88. Return on Equity for this stock declined to -221.51, with Return on Assets sitting at -141.33. When it comes to the capital structure of this company, OncoSec Medical Incorporated [ONCS] has a Total Debt to Total Equity ratio set at 56.41. Additionally, ONCS Total Debt to Total Capital is recorded at 36.07, with Total Debt to Total Assets ending up at 26.17. Long-Term Debt to Equity for the company is recorded at 45.82, with the Long-Term Debt to Total Capital now at 29.29.

Reflecting on the efficiency of the workforce at the company, OncoSec Medical Incorporated [ONCS] managed to generate an average of -$918,553 per employee.OncoSec Medical Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.40.

Earnings analysis for OncoSec Medical Incorporated [ONCS]

With the latest financial reports released by the company, OncoSec Medical Incorporated posted -1.27/share EPS, while the average EPS was predicted by analysts to be reported at -0.48/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -164.60%. 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 ONCS.

Insider trade positions for OncoSec Medical Incorporated [ONCS]

There are presently around $7 million, or 13.90% of ONCS stock, in the hands of institutional investors. The top three institutional holders of ONCS stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 402,722, which is approximately 13.426% of the company’s market cap and around 5.30% of the total institutional ownership; VANGUARD GROUP INC, holding 192,824 shares of the stock with an approximate value of $1.11 million in ONCS stocks shares; and D.A. DAVIDSON & CO., currently with $0.69 million in ONCS stock with ownership of nearly 0.422% of the company’s market capitalization.

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Positions in OncoSec Medical Incorporated stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 17 institutional holders increased their position in OncoSec Medical Incorporated [NASDAQ:ONCS] by around 298,259 shares. Additionally, 7 investors decreased positions by around 60,185 shares, while 5 investors held positions by with 804,219 shares. The mentioned changes placed institutional holdings at 1,162,663 shares, according to the latest SEC report filing. ONCS stock had 10 new institutional investments in for a total of 174,459 shares, while 2 institutional investors sold positions of 18,767 shares during the same period.

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