In last trading session, Oncternal Therapeutics, Inc. (NASDAQ:ONCT) saw 1,539,489 shares changing hands with its beta currently measuring 1.54. Company’s recent per share price level of $5.09 trading at $0.05 or 0.99% at ring of the bell on the day assigns it a market valuation of $248.22 Million. That closing price of ONCT’s stock is at a discount of -41.26% from its 52-week high price of $7.19 and is indicating a premium of 70.73% from its 52-week low price of $1.49. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.75 Million shares which gives us an average trading volume of 5.49 Million if we extend that period to 3-months.
For Oncternal Therapeutics, Inc. (ONCT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2. Splitting up the data highlights that, out of 1 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 1 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.13 in the current quarter.
Oncternal Therapeutics, Inc. (NASDAQ:ONCT) trade information
Upright in the green during last session for gaining 0.99%, in the last five days ONCT remained trading in the green while hitting it’s week-highest on Monday, Jan 11 when the stock touched $5.31-4 price level, adding 4.15% to its value on the day. Oncternal Therapeutics, Inc.’s shares saw a change of 3.88% in year-to-date performance and have moved 10.89% in past 5-day. Oncternal Therapeutics, Inc. (NASDAQ:ONCT) showed a performance of -2.12% in past 30-days. Number of shares sold short was 204.68 Million shares which calculate 37.28 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $8 to the stock, which implies a rise of 57.17% to its current value. Analysts have been projecting $8 as a low price target for the stock while placing it at a high target of $8. It follows that stock’s current price would jump +57.17% in reaching the projected high whereas dropping to the targeted low would mean a loss of 57.17% for stock’s current value.
Oncternal Therapeutics, Inc. (ONCT) estimates and forecasts
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $600Million for the same. And 1 analysts are in estimates of company making revenue of $700Million in the next quarter that will end on March 01, 2021.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.2% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 73.1% while estimates for its earnings growth in next 5 years are of 0%
Oncternal Therapeutics, Inc. (NASDAQ:ONCT)’s Major holders
Insiders are in possession of 21.53% of company’s total shares while institution are holding 17.22% percent of that, with stock having share float percentage of 21.94%. Investors also watch the number of corporate investors in a company very closely, which is 32 institutions for Oncternal Therapeutics, Inc. that are currently holding shares of the company. Armistice Capital, LLC is the top institutional holder at ONCT for having 1.32 Million shares of worth $2.24 Million. And as of September 29, 2020, it was holding 3.17% of the company’s outstanding shares.
The second largest institutional holder is Nantahala Capital Management, LLC, which was holding about 1.2 Million shares on September 29, 2020. The number of shares represents firm’s hold over 2.89% of outstanding shares, having a total worth of $2.04 Million.
On the other hand, Vanguard Total Stock Market Index Fund and Fidelity NASDAQ Composite Index Fund are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 214040 shares of worth $363.87 Thousand or 0.52% of the total outstanding shares. The later fund manager was in possession of 95.16 Thousand shares on November 29, 2020, making its stake of worth around $265.48 Thousand in the company or a holder of 0.23% of company’s stock.
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