Onconetix Inc [NASDAQ: ONCO] plunged by -$1.02 during the normal trading session on Wednesday and reaching a high of $4.21 during the day while it closed the day at $3.51.
Onconetix Inc stock has also loss -28.59% of its value over the past 7 days. However, ONCO stock has declined by -40.67% in the 3 months of the year. Over the past six months meanwhile, it has lost -93.65% and lost -99.33% year-on date.
The market cap for ONCO stock reached $1.83 million, with 0.52 million shares outstanding and 0.46 million shares in the current float. Compared to the average trading volume of 294.97K shares, ONCO reached a trading volume of 3465746 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Onconetix Inc [ONCO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ONCO shares is $30600.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ONCO stock is a recommendation set at 1.00. 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.
The Price to Book ratio for the last quarter was 0.38, with the Price to Cash per share for the same quarter was set at 3.03.
ONCO stock trade performance evaluation
Onconetix Inc [ONCO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -28.59. With this latest performance, ONCO shares dropped by -25.79% in over the last four-week period, additionally sinking by -93.65% over the last 6 months – not to mention a drop of -93.45% 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 ONCO stock in for the last two-week period is set at 36.15, with the RSI for the last a single of trading hit 0.73, and the three-weeks RSI is set at 0.91 for Onconetix Inc [ONCO]. The present Moving Average for the last 50 days of trading for this stock 5.59, while it was recorded at 4.29 for the last single week of trading, and 83.30 for the last 200 days.
Onconetix Inc [ONCO]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Onconetix Inc [ONCO] shares currently have an operating margin of -435.65% and a Gross Margin at 38.05%. Onconetix Inc’s Net Margin is presently recorded at -2986.26%.
Return on Equity for this stock declined to -119.65%, with Return on Assets sitting at -119.65%. When it comes to the capital structure of this company, Onconetix Inc [ONCO] has a Total Debt to Total Equity ratio set at 2.18.
Reflecting on the efficiency of the workforce at the company, Onconetix Inc [ONCO] managed to generate an average of -$8212857.14 per employee.Onconetix Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.16 and a Current Ratio set at 0.17.
Onconetix Inc [ONCO]: Institutional Ownership
There are presently around $0.82%, or 0.93% of ONCO stock, in the hands of institutional investors.
