Let’s start up with the current stock price of Oncternal Therapeutics Inc. (ONCT), which is $4.66 to be very precise. The Stock rose vividly during the last session to $4.8999 after opening rate of $4.80 while the lowest price it went was recorded $4.61 before closing at $4.90.
Recently in News on December 14, 2020, Oncternal Therapeutics Announces Closing of $86.2 Million Bought Deal and Full Exercise of Option to Purchase Additional Shares. Oncternal Therapeutics, Inc. (Nasdaq: ONCT), a clinical-stage biopharmaceutical company focused on the development of novel oncology therapies, today announced the closing of its previously announced public offering on a firm commitment basis of 19,161,667 shares of common stock of the Company, including the exercise in full by the underwriter of its option to purchase an additional 2,495,000 shares of common stock, at a price to the public of $4.50 per share, less underwriting discounts and commissions. You can read further details here
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Oncternal Therapeutics Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $7.19 on 12/09/20, with the lowest value was $1.49 for the same time period, recorded on 10/29/20.
Oncternal Therapeutics Inc. (ONCT) full year performance was 24.27%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Oncternal Therapeutics Inc. shares are logging -35.19% during the 52-week period from high price, and 212.75% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.49 and $7.19.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 2505334 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Oncternal Therapeutics Inc. (ONCT) recorded performance in the market was 17.97%, having the revenues showcasing 115.24% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 128.15M, as it employees total of 11 workers.
Analysts verdict on Oncternal Therapeutics Inc. (ONCT)
During the last month, 0 analysts gave the Oncternal Therapeutics Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.67, with a change in the price was noted +1.62. In a similar fashion, Oncternal Therapeutics Inc. posted a movement of +53.29% for the period of last 100 days, recording 3,152,208 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ONCT is recording 0.02 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.02.
Oncternal Therapeutics Inc. (ONCT): Technical Analysis
Raw Stochastic average of Oncternal Therapeutics Inc. in the period of last 50 days is set at 55.61%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 47.07%. In the last 20 days, the company’s Stochastic %K was 51.39% and its Stochastic %D was recorded 53.74%.
Let’s take a glance in the erstwhile performances of Oncternal Therapeutics Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 17.97%. Additionally, trading for the stock in the period of the last six months notably improved by 52.29%, alongside a boost of 24.27% for the period of the last 12 months. The shares increased approximately by -26.03% in the 7-day charts and went down by 1.97% in the period of the last 30 days. Common stock shares were driven by 115.24% during last recorded quarter.