Why Invest In Onconetix Inc (ONCO) Stock?

Onconetix Inc (NASDAQ:ONCO) has a beta value of 3.16 and has seen 29.78 million shares traded in the last trading session. The company, currently valued at $8.36M, closed the last trade at $0.81 per share which meant it gained $0.16 on the day or 24.36% during that session. The ONCO stock price is -2541.98% off its 52-week high price of $21.40 and 60.49% above the 52-week low of $0.32. If we look at the company’s 10-day average daily trading volume, we find that it stood at 32.37 million shares traded. The 3-month trading volume is 4.80 million shares.

Onconetix Inc (NASDAQ:ONCO) trade information

Sporting 24.36% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ONCO stock price touched $0.81 or saw a rise of 61.61%. Year-to-date, Onconetix Inc shares have moved 28.52%, while the 5-day performance has seen it change 131.34%. Over the past 30 days, the shares of Onconetix Inc (NASDAQ:ONCO) have changed 32.28%. Short interest in the company has seen 33333.0 shares shorted with days to cover at 0.45.

Onconetix Inc (ONCO) estimates and forecasts

The company’s shares have lost -87.03% over the past 6 months.

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 -116.38% over the past 5 years.

ONCO Dividends

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