Set Your Sights On Onconetix Inc (NASDAQ: ONCO)’S Upside Potential

Onconetix Inc (ONCO) concluded trading on Wednesday at a closing price of $0.12, with 11.45 million shares of worth about $1.37 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -97.42% during that period and on Wednesday the price saw a gain of about 0.48%. Currently the company’s common shares owned by public are about 14.55M shares, out of which, 9.39M shares are available for trading.

Stock saw a price change of -26.90% in past 5 days and over the past one month there was a price change of -75.00%. Year-to-date (YTD), ONCO shares are showing a performance of -80.16% which decreased to -98.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.12 but also hit the highest price of $21.40 during that period. The average intraday trading volume for Onconetix Inc shares is 10.01 million. The stock is currently trading -47.74% below its 20-day simple moving average (SMA20), while that difference is down -71.46% for SMA50 and it goes to -96.27% lower than SMA200.

Onconetix Inc (NASDAQ: ONCO) currently have 14.55M outstanding shares and institutions hold larger chunk of about 2.64% of that.

The stock has a current market capitalization of $1.82M and its 3Y-monthly beta is at 3.38. It has posted earnings per share of -$88.84 in the same period. It has Quick Ratio of 0.05 while making debt-to-equity ratio of 0.35. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ONCO, volatility over the week remained 11.19% while standing at 12.37% over the month.

Analysts are in expectations that Onconetix Inc (ONCO) stock would likely to be making an EPS of 0 in the current quarter, while forecast for next quarter EPS is 0 and it is 0 for next year. For the current quarter EPS, analysts have given the company a lowest target 0 which is 0 at the higher side of the target for the same.

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