Oncolytics Biotech, Inc. (ONCY) Is Becoming Less Appealing To Investors After A -8.00% Fall

Oncolytics Biotech, Inc. (NASDAQ:ONCY) has a beta value of 1.73 and has seen 1.16 million shares traded in the last trading session. The company, currently valued at $88.54M, closed the last trade at $1.15 per share which meant it lost -$0.1 on the day or -8.00% during that session. The ONCY stock price is -73.04% off its 52-week high price of $1.99 and 26.96% above the 52-week low of $0.84. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.29 million shares traded. The 3-month trading volume is 340.39K shares.

The consensus among analysts is that Oncolytics Biotech, Inc. (ONCY) is Buy stock at the moment, with a recommendation rating of 1.12. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.07.

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Oncolytics Biotech, Inc. (NASDAQ:ONCY) trade information

Sporting -8.00% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ONCY stock price touched $1.15 or saw a rise of 22.82%. Year-to-date, Oncolytics Biotech, Inc. shares have moved -14.81%, while the 5-day performance has seen it change -17.86%. Over the past 30 days, the shares of Oncolytics Biotech, Inc. (NASDAQ:ONCY) have changed 20.29%. Short interest in the company has seen 1.02 million shares shorted with days to cover at 5.43.

Oncolytics Biotech, Inc. (ONCY) estimates and forecasts

Figures show that Oncolytics Biotech, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 8.49% over the past 6 months, with this year growth rate of 3.33%, compared to 17.40% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 18.01% over the past 5 years.

ONCY Dividends

Oncolytics Biotech, Inc. is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Oncolytics Biotech, Inc. (NASDAQ:ONCY)’s Major holders

Insiders own 3.82% of the company shares, while shares held by institutions stand at 1.75% with a share float percentage of 1.82%. Investors are also buoyed by the number of investors in a company, with Oncolytics Biotech, Inc. having a total of 44.0 institutions that hold shares in the company. The top two institutional holders are INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC with over 0.2 million shares worth more than $0.2 million. As of 2024-06-30, INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC held 0.2637% of shares outstanding.

The other major institutional holder is SEEDS INVESTOR LLC, with the holding of over 0.19 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.19 million and represent 0.2524% of shares outstanding.