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 -96.96% away from its 52-week high, while its distance from the 52-week low is 106.02%. The stock’s price range during this period has varied between $0.32 and $21.40. The company, active in the Healthcare sector, saw a trading volume of around 8.52 million for the day, considerably higher average daily volume of 5.49 million observed over the last three months.
Onconetix Inc had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $21.40 on 05/29/24, while the lowest price during the same period was $0.32 on 12/26/24.
How Financial Performance Impacts Market Capitalization
Onconetix Inc (ONCO) has experienced a quarterly decline of -87.38% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.39M 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 3.0372, with a change in price of -5.6220. Similarly, Onconetix Inc recorded 3,900,690 in trading volume during the last 100 days, posting a change of -89.64%.
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 last 50 days is at 11.69%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 18.64%. Further, the company’s Stochastic %K and %D values for the last 20 days were 14.12% and 13.42%, respectively.
ONCO Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 3.17%. However, over the past six months, we’ve seen a stronger performance of -89.41%. The price of ONCO fallen by 1.40% over the last 30 days. And in the last five days, it has fallen by -19.72%.
