The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Onconetix Inc’s current trading price is -92.18% away from its 52-week high, while its distance from the 52-week low is 23.38%. The stock’s price range for this period has been between $0.10 and $1.58 The company’s shares, which are part of the Healthcare sector, had a trading volume of approximately 0.54 million for the day, a number notably lower than the average daily volume of 0.58 million over the last three months.
Onconetix Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $1.58 on 06/14/23, while the lowest price for the same period was registered at $0.10 on 04/23/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Onconetix Inc (ONCO) has experienced a quarterly decline of -28.94% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.76M and boasts a workforce of 23 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.1742, with a change in price of -0.1265. Similarly, Onconetix Inc recorded 2,613,990 in trading volume during the last 100 days, posting a change of -50.60%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for ONCO stands at 0.17. Similarly, the long-term debt-to-equity ratio is also 0.00.
ONCO Stock Stochastic Average
Onconetix Inc’s raw stochastic average for the past 50 days is presently 15.61%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 15.61%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 11.52% and 10.81%, respectively.
ONCO Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price loss of -37.63% this year. Over the last six months, there has been a stronger performance of -67.05%. The price of ONCO leaped by -26.22% during the last 30 days period. For the last 5-days stocks have improved 6.01%.
