It’s Not A Fantasy To Think That Onconetix Inc (ONCO) Has Big Future Potential

Onconetix Inc (NASDAQ:ONCO) currently has a daily average trading volume of 10.39M but it saw 665415 shares traded in last market. With a market cap of 3.79M USD, the company’s current market price of $0.13 came falling about -0.63 while comparing to the previous closing price of $0.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $0.78 and as low as $0.10. In the recent trading on the day, stock has struck highest price mark of $0.127 while lowest mark touched by it was $0.1329.

Taking a look at 20-day trading activity of Onconetix Inc (ONCO) gives us an average price of $0.1444, while its current price level is -83.70% below from 52-week high level whereas it is 26.97% 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 $0.1526 while that of 200 days or SMA-200 reads an average of $0.1733. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.87% during that period while stretching the period over a month that increases to 12.46%. 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 41.33 which implies that the stock is in neutral territory.

Over the week, ONCO’s stock price is moving -9.86% down while it is -5.92% when we observe its performance for the past one month. Year-to-date it is -35.81% down and over the past year, the stock is showing a downside performance of -83.15%.

Currently, Onconetix Inc’s total number of outstanding shares is 29.79M. Company’s return on investment (ROI) stands at -185.76% and return on equity (ROE) at -256.01%. Stock’s beta reads 3.59. Stock has a price to sale or P/S ratio amounts to 2.59. Its return on asset (ROA) is -119.09% on average.