During the last session, Oncternal Therapeutics Inc. (NASDAQ:ONCT)’s traded shares were 0.79 million, with the beta value of the company hitting 1.70. At the end of the trading day, the stock’s price was $0.70, reflecting an intraday loss of -4.36% or -$0.03. The 52-week high for the ONCT share is $6.24, that puts it down -791.43 from that peak though still a striking 0.0% loss since the share price plummeted to a 52-week low of $0.70. The company’s market capitalization is $37.32M, and the average intraday trading volume over the past 10 days was 0.56 million shares, and the average trade volume was 303.88K shares over the past three months.
Oncternal Therapeutics Inc. (ONCT) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.70. ONCT has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.25.
Oncternal Therapeutics Inc. (NASDAQ:ONCT) trade information
Oncternal Therapeutics Inc. (ONCT) registered a -4.36% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.36% in intraday trading to $0.70 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -31.40%, and it has moved by -39.16% in 30 days. Based on these gigs, the overall price performance for the year is -85.95%. The short interest in Oncternal Therapeutics Inc. (NASDAQ:ONCT) is 1.33 million shares and it means that shorts have 2.11 day(s) to cover.
The consensus price target of analysts on Wall Street is $9.58, which implies an increase of 92.69% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.50 and $15.00 respectively. As a result, ONCT is trading at a discount of -2042.86% off the target high and -400.0% off the low.
Oncternal Therapeutics Inc. (ONCT) estimates and forecasts
Statistics show that Oncternal Therapeutics Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Oncternal Therapeutics Inc. (ONCT) shares have gone down -82.85% during the last six months, with a year-to-date growth rate less than the industry average at -39.06% against 9.40. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -177.80% this quarter and then drop -133.30% in the quarter after that. In the rating firms’ projections, revenue will increase 48.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.95 million as predicted by 3 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $1.2 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.59 million and $748k respectively. In this case, analysts expect current quarter sales to grow by 22.80% and then jump by 60.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 12.20%. While earnings are projected to return 25.10% in 2022, the next five years will return 0.00% per annum.
Oncternal Therapeutics Inc. is due to release its next quarterly earnings between March 09 and March 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Oncternal Therapeutics Inc. (NASDAQ:ONCT)’s Major holders
Oncternal Therapeutics Inc. insiders own 11.81% of total outstanding shares while institutional holders control 31.95%, with the float percentage being 36.23%. Blackrock Inc. is the largest shareholder of the company, while 113 institutions own stock in it. As of Sep 29, 2021, the company held over 3.2 million shares (or 6.47% of all shares), a total value of $13.34 million in shares.
The next largest institutional holding, with 2.12 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 4.29% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $8.84 million.
Also, the Mutual Funds coming in first place with the largest holdings of Oncternal Therapeutics Inc. (ONCT) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Sep 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 1.24 million shares. This amounts to just over 2.52 percent of the company’s overall shares, with a $5.18 million market value. The same data shows that the other fund manager holds slightly less at 1.03 million, or about 2.09% of the stock, which is worth about $3.79 million.