Will Onconetix Inc (ONCO) benefit from Wall Street bulls Calls?

Onconetix Inc (NASDAQ: ONCO) is -24.75% lower on its value in year-to-date trading and has touched a low of $2.82 and a high of $23.05 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ONCO stock was last observed hovering at around $3.36 in the last trading session, with the day’s gains setting it 2.6%.

Currently trading at $5.96, the stock is 28.81% and 7.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 34.75 million and changing 77.62% at the moment leaves the stock -7.38% off its SMA200. ONCO registered -73.02% loss for a year compared to 6-month loss of -3.25%. The firm has a 50-day simple moving average (SMA 50) of $5.48226 and a 200-day simple moving average (SMA200) of $6.417365.

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The stock witnessed a 5.67% gain in the last 1 month and extending the period to 3 months gives it a -10.89%, and is 80.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 26.30% over the week and 13.73% over the month.

Onconetix Inc (ONCO) has around 23 employees, a market worth around $49.41M and $1.46M in sales. Profit margin for the company is -3629.25%. Distance from 52-week low is 111.65% and -74.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-185.76%).