Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Onconetix Inc’s current trading price is -98.41% away from its 52-week high, while its distance from the 52-week low is 2.94%. The stock’s price range during this period has varied between $0.33 and $21.40. The company, active in the Healthcare sector, saw a trading volume of around 0.5 million for the day, considerably lower average daily volume of 0.8 million observed over the last three months.
Onconetix Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $21.40 on 05/29/24, and the lowest price during the same period was recorded at $0.33 on 12/23/24.
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How Financial Performance Impacts Market Capitalization
Onconetix Inc (ONCO) has experienced a quarterly decline of -89.65% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.75M and boasts a workforce of 23 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.5925, with a change in price of -5.2440. Similarly, Onconetix Inc recorded 543,135 in trading volume during the last 100 days, posting a change of -93.91%.
How ONCO’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ONCO stands at 0.35. Similarly, the long-term debt-to-equity ratio is also 0.00.
ONCO Stock Stochastic Average
As of today, the raw stochastic average of Onconetix Inc over the past 50 days is 0.16%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 1.86%. Additionally, the Stochastic %K and %D values for the company were 1.90% and 4.30%, respectively, over the past 20 days.
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 -95.60% this year. Over the last six months, there has been a stronger performance of -94.37%. The price of ONCO leaped by -68.00% during the last 30 days period. For the last 5-days stocks have slided -25.79%.
