Investor’s Delight: Onconetix Inc (ONCO) Closes Strong at 0.15, Up 6.23

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The closing price of Onconetix Inc (NASDAQ: ONCO) was $0.15 for the day, up 6.23% from the previous closing price of $0.14. In other words, the price has increased by $6.23 from its previous closing price. On the day, 1.58 million shares were traded. ONCO stock price reached its highest trading level at $0.156 during the session, while it also had its lowest trading level at $0.1422.

Ratios:

Our analysis of ONCO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.28 and its Current Ratio is at 0.29. In the meantime, Its Debt-to-Equity ratio is 0.36 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 3425652 and an Enterprise Value of 21397888. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.51. Its current Enterprise Value per Revenue stands at 28.196 whereas that against EBITDA is -1.306.

Stock Price History:

Over the past 52 weeks, ONCO has reached a high of $1.21, while it has fallen to a 52-week low of $0.10. The 50-Day Moving Average of the stock is -0.51%, while the 200-Day Moving Average is calculated to be -31.38%.

Shares Statistics:

ONCO traded an average of 5.36M shares per day over the past three months and 1747550 shares per day over the past ten days. A total of 22.32M shares are outstanding, with a floating share count of 20.44M. Insiders hold about 8.48% of the company’s shares, while institutions hold 10.70% stake in the company. Shares short for ONCO as of 1719532800 were 2120498 with a Short Ratio of 0.40, compared to 1717113600 on 1487462. Therefore, it implies a Short% of Shares Outstanding of 2120498 and a Short% of Float of 11.06.

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