Onconetix Inc (NASDAQ: ONCO)’s stock price has dropped by -12.75 in relation to previous closing price of 5.96. Nevertheless, the company has seen a gain of 75.20% in its stock price over the last five trading days. benzinga.com reported 2024-09-27 that U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling more than 100 points on Friday.
Is It Worth Investing in Onconetix Inc (NASDAQ: ONCO) Right Now?
The 36-month beta value for ONCO is also noteworthy at 3.67. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ONCO is 8.29M, and at present, short sellers hold a 0.07% of that float. The average trading volume of ONCO on October 01, 2024 was 842.24K shares.
ONCO’s Market Performance
The stock of Onconetix Inc (ONCO) has seen a 75.20% increase in the past week, with a -2.99% drop in the past month, and a -17.20% fall in the past quarter. The volatility ratio for the week is 25.24%, and the volatility levels for the past 30 days are at 13.94% for ONCO. The simple moving average for the past 20 days is 11.66% for ONCO’s stock, with a -18.96% simple moving average for the past 200 days.
ONCO Trading at -5.11% 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 -77.43% of loss for the given period.
Volatility was left at 13.94%, however, over the last 30 days, the volatility rate increased by 25.24%, as shares sank -4.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.53% lower at present.
During the last 5 trading sessions, ONCO rose by +75.20%, which changed the moving average for the period of 200-days by -48.39% in comparison to the 20-day moving average, which settled at $4.65. In addition, Onconetix Inc saw -34.34% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ONCO
Current profitability levels for the company are sitting at:
- -18.51 for the present operating margin
- -0.6 for the gross margin
The net margin for Onconetix Inc stands at -36.29. The total capital return value is set at -0.7. Equity return is now at value -256.01, with -119.09 for asset returns.
Based on Onconetix Inc (ONCO), the company’s capital structure generated -0.74 points at debt to capital in total, while cash flow to debt ratio is standing at -1.03. The debt to equity ratio resting at -0.43. The interest coverage ratio of the stock is -21.99.
Currently, EBITDA for the company is -15.84 million with net debt to EBITDA at -0.93. When we switch over and look at the enterprise to sales, we see a ratio of 39.27. The receivables turnover for the company is 6.45for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.10.
Conclusion
In summary, Onconetix Inc (ONCO) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
