In today’s recent session, 4,576,809 shares of the Oncolytics Biotech Inc.(NASDAQ:ONCY) have been traded, and its beta is 2.9. Most recently the company’s share price was $3.35, and it changed around $0.05 or 0.02% from the last close, which brings the market valuation of the company to $146.02 Million. ONCY at last check was trading at a discount to its 52-week high of $4.7, offering almost -40.3% off that amount. The share price’s 52-week low was $0.94, which indicates that the recent value has risen by an impressive 71.94% since then. We note from Oncolytics Biotech Inc.’s average daily trading volume that its 10-day average is 5.96 Million shares, with the 3-month average coming to 1.86 Million.
Oncolytics Biotech Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 5 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended ONCY as a Hold, whereas 5 deemed it a Buy, and no one rated it as Underweight.
Oncolytics Biotech Inc. (NASDAQ:ONCY): Trading Information Today
Instantly ONCY has been showing a green trend so far today with a performance of 1.52% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $4.70- on Wednesday, Feb 17 increased the stock’s daily price by 25.11%. The company’s shares are currently up 0.48% year-to-date, but still up 0.1694 over the last five days. On the other hand, Oncolytics Biotech Inc. (NASDAQ:ONCY) is 0.38% up in the 30-day period. We can see from the shorts that 2.38 Million shares have been sold at a short interest cover period of 1.28 day(s).
The consensus price target as assigned by Wall Street analysts is $8.45, which translates to bears needing to increase their stock price by 152.24% from its current value. Analyst projections state that ONCY is forecast to be at a low of $4.57 and a high of $15. In order for the stock price to hit the forecast high, the stock would need to surge +347.76% from its current level, while the stock would need to crash 36.42% from its current level to reach the projected low.
Oncolytics Biotech Inc. (ONCY) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 5.8%. Oncolytics Biotech Inc. earnings are expected to decrease by -40.7% in 2021, but the outlook is negative 0% per year for the next five years.
Oncolytics Biotech Inc. (NASDAQ:ONCY)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 1.24% of Oncolytics Biotech Inc. shares, and 1.85% of them are in the hands of institutional investors. The stock currently has a share float of 1.88%. Oncolytics Biotech Inc. stock is held by 40 institutions, with Creative Planning being the largest institutional investor. By Dec 30, 2020, it held 0.39% of the shares, which is about 180Thousand shares worth $428.4 Thousand.
Renaissance Technologies, LLC, with 0.38% or 174.22 Thousand shares worth $414.64 Thousand as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.