Onconetix Inc (NASDAQ: ONCO) is -89.90% lower on its value in year-to-date trading and has touched a low of $0.06 and a high of $21.40 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 $0.07 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.06, the stock is -36.39% and -78.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.57 million and changing -6.06% at the moment leaves the stock -97.77% off its SMA200. ONCO registered -99.01% loss for a year compared to 6-month loss of -98.72%. The firm has a 50-day simple moving average (SMA 50) of $0.29652 and a 200-day simple moving average (SMA200) of $2.856435.
The stock witnessed a -64.27% gain in the last 1 month and extending the period to 3 months gives it a -89.47%, and is -19.80% down 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 27.25% over the week and 20.28% over the month.
Profit margin for the company is -2758.66%. Distance from 52-week low is 2.42% and -99.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-151.50%).
12.0 institutions hold shares in Onconetix Inc (ONCO), with institutional investors hold 4.33% of the company’s shares. The shares outstanding are 14.55M, and float is at 9.39M with Short Float at 7.86%. Institutions hold 2.80% of the Float.
