Onconetix Inc (ONCO) Stock: Analyzing the Market Value

The 36-month beta value for ONCO is at 3.34.

The public float for ONCO is 16.61M, and currently, shorts hold a 3.83% of that float. The average trading volume for ONCO on April 04, 2024 was 3.70M shares.

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ONCO) stock’s latest price update

Onconetix Inc (NASDAQ: ONCO)’s stock price has gone rise by 7.74 in comparison to its previous close of 0.16, however, the company has experienced a 2.58% increase in its stock price over the last five trading days.

ONCO’s Market Performance

ONCO’s stock has risen by 2.58% in the past week, with a monthly drop of -13.47% and a quarterly drop of -14.45%. The volatility ratio for the week is 7.42% while the volatility levels for the last 30 days are 7.42% for Onconetix Inc The simple moving average for the past 20 days is -1.38% for ONCO’s stock, with a -67.16% simple moving average for the past 200 days.

ONCO Trading at -5.40% from the 50-Day Moving Average

After a stumble in the market that brought ONCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -89.43% of loss for the given period.

Volatility was left at 7.42%, however, over the last 30 days, the volatility rate increased by 7.42%, as shares sank -16.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.06% lower at present.

During the last 5 trading sessions, ONCO rose by +2.58%, which changed the moving average for the period of 200-days by -86.08% in comparison to the 20-day moving average, which settled at $0.1677. In addition, Onconetix Inc saw -15.66% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for ONCO

Equity return is now at value -101.63, with -62.98 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.54.

Conclusion

In conclusion, Onconetix Inc (ONCO) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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