Onconetix Inc (NASDAQ: ONCO) is -88.33% lower on its value in year-to-date trading and has touched a low of $0.05 and a high of $14.00 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 $0.08 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.07, the stock is -5.42% and -2.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.16 million and changing -3.29% at the moment leaves the stock -95.67% off its SMA200. ONCO registered -99.11% loss for a year compared to 6-month loss of -89.35%. The firm has a 50-day simple moving average (SMA 50) of $0.0751 and a 200-day simple moving average (SMA200) of $1.69966.
The stock witnessed a 4.70% gain in the last 1 month and extending the period to 3 months gives it a -67.76%, and is 0.68% 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 3.28% over the week and 9.22% over the month.
Onconetix Inc (ONCO) has around 7 employees, a market worth around $3.26M and $2.52M in sales. Profit margin for the company is -2333.39%. Distance from 52-week low is 46.41% and -99.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-597.28%).
14.0 institutions hold shares in Onconetix Inc (ONCO), with institutional investors hold 0.93% of the company’s shares. The shares outstanding are 44.36M, and float is at 28.64M with Short Float at 22.01%. Institutions hold 0.82% of the Float.
