Oncternal Therapeutics Inc. [ONCT] moved down -4.42: Why It’s Important

Oncternal Therapeutics Inc. [NASDAQ: ONCT] price plunged by -4.42 percent to reach at -$0.24. The company report on June 2, 2021 that Oncternal Therapeutics Reports Granting of Inducement Award Under Nasdaq Listing Rule 5635(c)(4).

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Oncternal Therapeutics, Inc. (Nasdaq: ONCT), a clinical-stage biopharmaceutical company focused on the development of novel oncology therapies, announced that it has granted an inducement award to one new employee, Christopher Markey, who joined the company as Director, Program and Alliance Management.

The award was made on June 1, 2021 under Oncternal’s 2021 Employment Inducement Incentive Award Plan, which provides for the granting of equity awards to new employees of Oncternal as an inducement to join the Company. The award consists of options to purchase 85,000 shares of Oncternal common stock. The options have a 10-year term and an exercise price equal to the closing price of Oncternal’s common stock on the date of grant. The options vest over a four-year period, with 25% of the options vesting on the first anniversary of Mr. Markey’s employment start date, and the rest vesting in equal monthly installments over three years thereafter. The award was approved by Oncternal’s compensation committee, comprised entirely of independent directors, as required by Nasdaq Rule 5635(c)(4), and was granted as an inducement material to Mr. Markey entering into employment with Oncternal in accordance with Nasdaq Rule 5635(c)(4).

A sum of 1134945 shares traded at recent session while its average daily volume was at 1.38M shares. Oncternal Therapeutics Inc. shares reached a high of $5.51 and dropped to a low of $4.98 until finishing in the latest session at $5.19.

Guru’s Opinion on Oncternal Therapeutics Inc. [ONCT]:

Oppenheimer have made an estimate for Oncternal Therapeutics Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 07, 2021. While these analysts kept the previous recommendation, Northland Capital raised their target price to Outperform. The new note on the price target was released on February 23, 2021, representing the official price target for Oncternal Therapeutics Inc. stock.

The Average True Range (ATR) for Oncternal Therapeutics Inc. is set at 0.36, with the Price to Sales ratio for ONCT stock in the period of the last 12 months amounting to 73.21. The Price to Book ratio for the last quarter was 2.35, with the Price to Cash per share for the same quarter was set at 2.25.

ONCT Stock Performance Analysis:

Oncternal Therapeutics Inc. [ONCT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.08. With this latest performance, ONCT shares dropped by -1.14% in over the last four-week period, additionally plugging by 18.22% over the last 6 months – not to mention a rise of 73.00% 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 ONCT stock in for the last two-week period is set at 41.62, with the RSI for the last a single of trading hit 39.61, and the three-weeks RSI is set at 42.87 for Oncternal Therapeutics Inc. [ONCT]. The present Moving Average for the last 50 days of trading for this stock 5.70, while it was recorded at 5.31 for the last single week of trading, and 4.93 for the last 200 days.

Insight into Oncternal Therapeutics Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Oncternal Therapeutics Inc. [ONCT] shares currently have an operating margin of -519.76. Oncternal Therapeutics Inc.’s Net Margin is presently recorded at -510.37.

Return on Total Capital for ONCT is now -27.52, given the latest momentum, and Return on Invested Capital for the company is -27.05. Return on Equity for this stock declined to -27.07, with Return on Assets sitting at -24.51. When it comes to the capital structure of this company, Oncternal Therapeutics Inc. [ONCT] has a Total Debt to Total Equity ratio set at 0.04. Additionally, ONCT Total Debt to Total Capital is recorded at 0.04, with Total Debt to Total Assets ending up at 0.03.

Reflecting on the efficiency of the workforce at the company, Oncternal Therapeutics Inc. [ONCT] managed to generate an average of -$1,230,357 per employee.Oncternal Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 19.80 and a Current Ratio set at 19.80.

ONCT Stock EPS

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 ONCT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Oncternal Therapeutics Inc. go to 0.00%.

Oncternal Therapeutics Inc. [ONCT] Insider Position Details

There are presently around $52 million, or 24.40% of ONCT stock, in the hands of institutional investors. The top three institutional holders of ONCT stocks are: VANGUARD GROUP INC with ownership of 1,762,016, which is approximately 4.788% of the company’s market cap and around 11.82% of the total institutional ownership; BLACKROCK INC., holding 1,075,652 shares of the stock with an approximate value of $5.58 million in ONCT stocks shares; and INVESCO LTD., currently with $4.97 million in ONCT stock with ownership of nearly New of the company’s market capitalization.

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Positions in Oncternal Therapeutics Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 49 institutional holders increased their position in Oncternal Therapeutics Inc. [NASDAQ:ONCT] by around 5,035,656 shares. Additionally, 26 investors decreased positions by around 3,461,015 shares, while 7 investors held positions by with 1,441,127 shares. The mentioned changes placed institutional holdings at 9,937,798 shares, according to the latest SEC report filing. ONCT stock had 31 new institutional investments in for a total of 2,824,608 shares, while 14 institutional investors sold positions of 2,277,024 shares during the same period.

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