Onconetix Inc (NASDAQ:ONCO) traded at $0.69 at last check on current trade day and made an upward move of 44.15% on its previous day’s price.
Looking at the stock we see that its previous close was $0.48 and the beta (5Y monthly) reads 3.727 with the day’s price range being $0.6303 – $1.04. In terms of its 52-week price range, ONCO has a high of $21.40 and a low of $0.32. The company’s stock has gained about 98.25% over that past 30 days.
Onconetix Inc has a market cap of $5.74 million and is expected to release its quarterly earnings report in February.
On the other hand, looking at the outlook for the ONCO stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note the current price level is 24.10% off its SMA20 and 0.00% from its 50-day simple moving average. The RSI (14) is pointing at 52.94 while the volatility over the past week is 9.91% and jumps to 32.12% over the past one month. The beta value is 3.12, while the average true range (ATR) is currently pointing at 0.18.
Coming back to Onconetix Inc (NASDAQ:ONCO), we note that the average 3-month trading volume was 5.78 million, while that of the preceding 10-day period stands at 1.4 million. Current shares outstanding are 8.31 million.
The insiders hold 57.85% of the company’s shares while institutions hold 7.49%. The data shows that short shares as of 2024-11-15, stood at 33333.0 at a short ratio of 0.45. This represents a 72.00 short interest in shares outstanding on 2024-11-15. Shares short rose in November from the previous month at 20287.0. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 9.83% up in year-to-date price movement.
