The stock of Onconetix Inc (ONCO) has seen a -32.77% decrease in the past week, with a -79.11% drop in the past month, and a -86.58% decrease in the past quarter. The volatility ratio for the week is 19.03%, and the volatility levels for the past 30 days are at 14.54% for ONCO. The simple moving average for the past 20 days is -59.64% for ONCO’s stock, with a -85.53% simple moving average for the past 200 days.
Is It Worth Investing in Onconetix Inc (NASDAQ: ONCO) Right Now?
Company’s 36-month beta value is 3.44.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ONCO is 3.51M, and currently, short sellers hold a 0.62% ratio of that floaft. The average trading volume of ONCO on November 26, 2024 was 666.25K shares.
ONCO) stock’s latest price update
Onconetix Inc (NASDAQ: ONCO) has experienced a decline in its stock price by -26.61 compared to its previous closing price of 1.09. However, the company has seen a fall of -32.77% in its stock price over the last five trading days. globenewswire.com reported 2024-10-03 that CINCINATTI, OH., Oct. 03, 2024 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by Onconetix, Inc. (Nasdaq: ONCO), please note that in the first paragraph of the release, the name of the financial advisor to Onconetix in the transaction had been corrected to Tungsten Advisors. The corrected release follows.
ONCO Trading at -78.07% 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 -96.26% of loss for the given period.
Volatility was left at 14.54%, however, over the last 30 days, the volatility rate increased by 19.03%, as shares sank -77.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -83.48% lower at present.
During the last 5 trading sessions, ONCO fell by -32.77%, which changed the moving average for the period of 200-days by -88.01% in comparison to the 20-day moving average, which settled at $1.9820. In addition, Onconetix Inc saw -89.90% 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 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at -1.05. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is -21.99.
Currently, EBITDA for the company is -36.71 million with net debt to EBITDA at -0.28. When we switch over and look at the enterprise to sales, we see a ratio of 14.34. The receivables turnover for the company is 8.54for 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 a nutshell, Onconetix Inc (ONCO) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
