Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Oncolytics Biotech, Inc (NASDAQ: ONCY) was $0.69 for the day, down -4.73% from the previous closing price of $0.73. In other words, the price has decreased by -$4.73 from its previous closing price. On the day, 0.64 million shares were traded. ONCY stock price reached its highest trading level at $0.71 during the session, while it also had its lowest trading level at $0.67.
Ratios:
Our analysis of ONCY’s different ratios will help us gain a deeper understanding of the company. 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 54202812 and an Enterprise Value of 55561612.
Stock Price History:
The Beta on a monthly basis for ONCY is 1.24, which has changed by -0.3047619 over the last 52 weeks, in comparison to a change of 0.21926713 over the same period for the S&P500. Over the past 52 weeks, ONCY has reached a high of $1.53, while it has fallen to a 52-week low of $0.71. The 50-Day Moving Average of the stock is -19.98%, while the 200-Day Moving Average is calculated to be -31.19%.
Shares Statistics:
ONCY traded an average of 1.18M shares per day over the past three months and 1348010 shares per day over the past ten days. A total of 77.07M shares are outstanding, with a floating share count of 75.69M. Insiders hold about 1.37% of the company’s shares, while institutions hold 1.67% stake in the company. Shares short for ONCY as of 1730332800 were 2809550 with a Short Ratio of 2.39, compared to 1727654400 on 1017214. Therefore, it implies a Short% of Shares Outstanding of 2809550 and a Short% of Float of 3.8900003.
