Onconetix Inc (NASDAQ: ONCO) Now -86.31% Off Its High ($1.19), Does Analysts See Headwinds And Risks?

Onconetix Inc (NASDAQ:ONCO) currently has a daily average trading volume of 12.67M but it saw 5560587 shares traded in last market. With a market cap of 3.64M USD, the company’s current market price of $0.16 came rising about 5.10 while comparing to the previous closing price of $0.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.19 and as low as $0.10.

Taking a look at 20-day trading activity of Onconetix Inc (ONCO) gives us an average price of $0.1616, while its current price level is -86.31% below from 52-week high level whereas it is 62.74% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.1626 while that of 200 days or SMA-200 reads an average of $0.2080. A closer look into the stock’s movement over the week reveals that its volatility is standing at 25.97% during that period while stretching the period over a month that decreases to 16.29%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 50.60 which implies that the stock is in neutral territory.

Over the week, ONCO’s stock price is moving 9.33% up while it is 12.97% when we observe its performance for the past one month. Year-to-date it is -17.73% down and over the past year, the stock is showing a downside performance of -85.46%.

Currently, Onconetix Inc’s total number of outstanding shares is 22.32M. Company’s return on investment (ROI) stands at -106.58% and return on equity (ROE) at -146.42%. Stock’s beta reads 3.67. Stock has a price to sale or P/S ratio amounts to 4.79. Its return on asset (ROA) is -93.67% on average.