Onconetix Inc (NASDAQ: ONCO) is -86.62% lower on its value in year-to-date trading and has touched a low of $0.05 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 $0.08 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.08, the stock is 9.81% and 1.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.47 million and changing 1.57% at the moment leaves the stock -95.60% off its SMA200. ONCO registered -98.67% loss for a year compared to 6-month loss of -92.92%. The firm has a 50-day simple moving average (SMA 50) of $0.0832 and a 200-day simple moving average (SMA200) of $1.91483.
The stock witnessed a 26.39% gain in the last 1 month and extending the period to 3 months gives it a -78.98%, and is 13.00% 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 6.30% over the week and 9.26% over the month.
Profit margin for the company is -2758.66%. Distance from 52-week low is 67.93% and -99.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-151.50%).
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 5.68%. Institutions hold 0.82% of the Float.
