Additionally, the 36-month beta value for ONCT is 1.38. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ONCT is 2.65M and currently, short sellers hold a 0.51% ratio of that float. The average trading volume of ONCT on September 12, 2024 was 8.79K shares.
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ONCT) stock’s latest price update
Oncternal Therapeutics Inc (NASDAQ: ONCT)’s stock price has gone decline by -58.60 in comparison to its previous close of 4.16, however, the company has experienced a -57.21% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-08-10 that Oncternal Therapeutics, Inc. (NASDAQ:ONCT ) Q2 2024 Earnings Call August 8, 2024 5:00 PM ET Company Participants Richard Vincent – Chief Financial Officer Jim Breitmeyer – President and Chief Executive Officer Salim Yazji – Chief Medical Officer Conference Call Participants Carl Byrnes – Northland Capital Markets Kemp Dolliver – Brookline Capital Markets Operator Greetings and welcome to the Oncternal Therapeutics Second Quarter 2024 Financial Results Call. [Operator Instructions] As a reminder, this conference is being recorded.
ONCT’s Market Performance
Oncternal Therapeutics Inc (ONCT) has seen a -57.21% fall in stock performance for the week, with a -56.68% decline in the past month and a -79.25% plunge in the past quarter. The volatility ratio for the week is 8.61%, and the volatility levels for the past 30 days are at 10.91% for ONCT. The simple moving average for the last 20 days is -59.39% for ONCT’s stock, with a simple moving average of -78.23% for the last 200 days.
Analysts’ Opinion of ONCT
Many brokerage firms have already submitted their reports for ONCT stocks, with Oppenheimer repeating the rating for ONCT by listing it as a “Outperform.” The predicted price for ONCT in the upcoming period, according to Oppenheimer is $14 based on the research report published on April 07, 2021 of the previous year 2021.
Northland Capital, on the other hand, stated in their research note that they expect to see ONCT reach a price target of $21. The rating they have provided for ONCT stocks is “Outperform” according to the report published on February 23rd, 2021.
ONCT Trading at -69.55% from the 50-Day Moving Average
After a stumble in the market that brought ONCT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.91% of loss for the given period.
Volatility was left at 10.91%, however, over the last 30 days, the volatility rate increased by 8.61%, as shares sank -57.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -75.67% lower at present.
During the last 5 trading sessions, ONCT fell by -57.34%, which changed the moving average for the period of 200-days by -73.62% in comparison to the 20-day moving average, which settled at $4.12. In addition, Oncternal Therapeutics Inc saw -83.96% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ONCT starting from Wills Robert James, who purchase 3,086 shares at the price of $8.96 back on Apr 08 ’24. After this action, Wills Robert James now owns 10,000 shares of Oncternal Therapeutics Inc, valued at $27,655 using the latest closing price.
Wills Robert James, the Director of Oncternal Therapeutics Inc, purchase 6,914 shares at $8.48 during a trade that took place back on Mar 28 ’24, which means that Wills Robert James is holding 6,914 shares at $58,602 based on the most recent closing price.
Stock Fundamentals for ONCT
Current profitability levels for the company are sitting at:
- -20.41 for the present operating margin
- -5.94 for the gross margin
The net margin for Oncternal Therapeutics Inc stands at -19.49. The total capital return value is set at -2.38. Equity return is now at value -118.06, with -96.40 for asset returns.
Based on Oncternal Therapeutics Inc (ONCT), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -107.2. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -4708.5.
Currently, EBITDA for the company is -41.71 million with net debt to EBITDA at 0.16. When we switch over and look at the enterprise to sales, we see a ratio of -0.62. The receivables turnover for the company is 3.28for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.89.
Conclusion
In conclusion, Oncternal Therapeutics Inc (ONCT) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
