Balance Sheet Dive: Oncolytics Biotech, Inc (ONCY)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $1.12 in the prior trading day, Oncolytics Biotech, Inc (NASDAQ: ONCY) closed at $1.03, down -8.04%. In other words, the price has decreased by -$8.04 from its previous closing price. On the day, 0.61 million shares were traded. ONCY stock price reached its highest trading level at $1.1 during the session, while it also had its lowest trading level at $1.01.

Ratios:

Our goal is to gain a better understanding of ONCY by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.99 and its Current Ratio is at 2.99. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.09.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Maxim Group on October 06, 2022, initiated with a Buy rating and assigned the stock a target price of $3.

On February 17, 2021, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $15.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ONCY now has a Market Capitalization of 79396416 and an Enterprise Value of 55561612.

Stock Price History:

Over the past 52 weeks, ONCY has reached a high of $1.75, while it has fallen to a 52-week low of $0.84. The 50-Day Moving Average of the stock is -5.05%, while the 200-Day Moving Average is calculated to be -2.91%.

Shares Statistics:

The stock has traded on average 433.21K shares per day over the past 3-months and 360470 shares per day over the last 10 days, according to various share statistics. A total of 74.42M shares are outstanding, with a floating share count of 73.92M. Insiders hold about 3.98% of the company’s shares, while institutions hold 1.82% stake in the company. Shares short for ONCY as of 1730332800 were 2809550 with a Short Ratio of 6.12, compared to 1727654400 on 1017214. Therefore, it implies a Short% of Shares Outstanding of 2809550 and a Short% of Float of 3.8900003.

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