Market Momentum: Onconetix Inc (ONCO) Registers a -7.47 Decrease, Closing at 0.12

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Onconetix Inc (NASDAQ: ONCO) closed the day trading at $0.12 down -7.47% from the previous closing price of $0.13. In other words, the price has decreased by -$7.47 from its previous closing price. On the day, 1.51 million shares were traded. ONCO stock price reached its highest trading level at $0.1327 during the session, while it also had its lowest trading level at $0.117.

Ratios:

For a better understanding of ONCO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.09 and its Current Ratio is at 0.10. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.01.

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 3652266 and an Enterprise Value of 25082208. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.50. Its current Enterprise Value per Revenue stands at 17.136 whereas that against EBITDA is -1.656.

Stock Price History:

Over the past 52 weeks, ONCO has reached a high of $0.78, while it has fallen to a 52-week low of $0.10. The 50-Day Moving Average of the stock is -17.24%, while the 200-Day Moving Average is calculated to be -27.17%.

Shares Statistics:

Over the past 3-months, ONCO traded about 10.34M shares per day on average, while over the past 10 days, ONCO traded about 608460 shares per day. A total of 29.79M shares are outstanding, with a floating share count of 27.87M. Insiders hold about 6.44% of the company’s shares, while institutions hold 9.90% stake in the company. Shares short for ONCO as of 1724976000 were 695141 with a Short Ratio of 0.07, compared to 1722384000 on 455707. Therefore, it implies a Short% of Shares Outstanding of 695141 and a Short% of Float of 2.3800000000000003.

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