Market Resilience: Onconetix Inc (ONCO) Finishes Weak at 1.52, Down -3.80

Ulysses Smith

The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.

Onconetix Inc (NASDAQ: ONCO) closed the day trading at $1.52 down -3.80% from the previous closing price of $1.58. In other words, the price has decreased by -$3.80 from its previous closing price. On the day, 58031.0 shares were traded. ONCO stock price reached its highest trading level at $1.6599 during the session, while it also had its lowest trading level at $1.5012.

Ratios:

For a better understanding of ONCO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.07 and its Current Ratio is at 0.08. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.00.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ONCO now has a Market Capitalization of 2363624 and an Enterprise Value of 1702081. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.94 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 1.391 whereas that against EBITDA is -0.362.

Stock Price History:

The Beta on a monthly basis for ONCO is 3.43, which has changed by -0.9468908 over the last 52 weeks, in comparison to a change of 0.14446163 over the same period for the S&P500. Over the past 52 weeks, ONCO has reached a high of $179.35, while it has fallen to a 52-week low of $1.53. The 50-Day Moving Average of the stock is -43.96%, while the 200-Day Moving Average is calculated to be -65.90%.

Shares Statistics:

Over the past 3-months, ONCO traded about 75.05K shares per day on average, while over the past 10 days, ONCO traded about 66190 shares per day. A total of 1.56M shares are outstanding, with a floating share count of 1.26M. Insiders hold about 18.71% of the company’s shares, while institutions hold 6.28% stake in the company. Shares short for ONCO as of 1764288000 were 66364 with a Short Ratio of 0.89, compared to 1761868800 on 125367. Therefore, it implies a Short% of Shares Outstanding of 66364 and a Short% of Float of 4.32.

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