A Few Bright Spots In Onconetix Inc (NASDAQ: ONCO)

Onconetix Inc (NASDAQ:ONCO) currently has a daily average trading volume of 13.44M but it saw 5226279 shares traded in last market. With a market cap of 4.98M USD, the company’s current market price of $0.17 came rising about 11.94 while comparing to the previous closing price of $0.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $0.93 and as low as $0.10. In the recent trading on the day, stock has struck highest price mark of $0.1344 while lowest mark touched by it was $0.1698.

Taking a look at 20-day trading activity of Onconetix Inc (ONCO) gives us an average price of $0.1491, while its current price level is -81.96% below from 52-week high level whereas it is 67.63% 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 $0.1543 while that of 200 days or SMA-200 reads an average of $0.1835. A closer look into the stock’s movement over the week reveals that its volatility is standing at 22.11% during that period while stretching the period over a month that decreases to 14.09%. 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 55.15 which implies that the stock is in neutral territory.

Over the week, ONCO’s stock price is moving 11.87% up while it is 8.26% when we observe its performance for the past one month. Year-to-date it is -15.25% down and over the past year, the stock is showing a downside performance of -80.66%.

Currently, Onconetix Inc’s total number of outstanding shares is 29.68M. 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 6.55. Its return on asset (ROA) is -93.67% on average.