Onconetix Inc (ONCO): Uncovering A True Diamond In The Rough

Onconetix Inc (NASDAQ:ONCO) currently has a daily average trading volume of 4.54M but it saw 11458335 shares traded in last market. With a market cap of 5.40M USD, the company’s current market price of $0.65 came rising about 3.35 while comparing to the previous closing price of $0.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.40 and as low as $0.32. In the recent trading on the day, stock has struck highest price mark of $0.56 while lowest mark touched by it was $0.7999.

Taking a look at 20-day trading activity of Onconetix Inc (ONCO) gives us an average price of $0.4930, while its current price level is -96.96% below from 52-week high level whereas it is 106.37% 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 $1.4881 while that of 200 days or SMA-200 reads an average of $4.7170. A closer look into the stock’s movement over the week reveals that its volatility is standing at 72.71% during that period while stretching the period over a month that decreases to 29.87%. 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 42.68 which implies that the stock is in neutral territory.

Over the week, ONCO’s stock price is moving 91.50% up while it is 6.39% when we observe its performance for the past one month. Year-to-date it is 3.35% up and over the past year, the stock is showing a downside performance of -91.66%.

Currently, Onconetix Inc’s total number of outstanding shares is 8.31M. Company’s return on investment (ROI) stands at -151.50% and return on equity (ROE) at -233.77%. Stock’s beta reads 3.19. Stock has a price to book (P/B) ratio of 0.16 while price to sale or P/S ratio amounts to 2.89. Its return on asset (ROA) is -114.93% on average.