Oncorus Inc. (NASDAQ: ONCR) stock fell -21.76% on Tuesday to $0.25 against a previous-day closing price of $0.31. With 0.82 million shares changed hands, the volume of the stock remained heavier than its average volume of 61820.0 shares. The 52-week range on ONCR shows that it touched its highest point at $1.90 and its lowest point at $0.23 during that stretch.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ONCR was down-trending over the past week, with a drop of -17.98%, but this was down by -29.66% over a month. Three-month performance dropped to -29.21% while six-month performance fell -63.98%. The stock lost -80.16% in the past year, while it has lost -2.86% so far this year. A look at the trailing 12-month EPS for ONCR yields -2.99 with Next year EPS estimates of -0.89. For the next quarter, that number is -0.70. This implies an EPS growth rate of -16.80% for this year and 54.10% for next year.
Float and Shares Shorts:
At present, 25.98 million ONCR shares are outstanding with a float of 23.66 million shares on hand for trading. On Apr 27, 2023, short shares totaled 0.16 million, which was 0.63% higher than short shares on Mar 30, 2023. In addition to Dr. Mitchell H. Finer Ph.D. as the firm’s Non-Exec. Chairman, Dr. Theodore T. Ashburn M.D., Ph.D. serves as its Pres, CEO, Principal Financial Officer, Principal Accounting Officer & Director.
Through their ownership of 55.29% of ONCR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 32.67% of ONCR, in contrast to 24.08% held by mutual funds. Shares owned by individuals account for 2.64%. As the largest shareholder in ONCR with 9.42% of the stake, Deerfield Management Co. LP holds 2,459,005 shares worth 2,459,005. A second-largest stockholder of ONCR, CHI Advisors LLC, holds 2,367,436 shares, controlling over 9.07% of the firm’s shares. Citadel Advisors LLC is the third largest shareholder in ONCR, holding 1,879,735 shares or 7.20% stake. With a 1.01% stake in ONCR, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 264,842 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.78% of ONCR stock, is the second-largest Mutual Fund holder. It holds 204,692 shares valued at 67548.0. Fidelity Extended Market Index Fu holds 0.28% of the stake in ONCR, owning 71,928 shares worth 23736.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Dec 30, 2022, ONCR reported revenue of $0.00 and operating income of -$18.64M. The EBITDA in the recently reported quarter was -$18.08M and diluted EPS was -$0.74.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ONCR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ONCR analysts setting a high price target of $1.50 and a low target of $1.50, the average target price over the next 12 months is $1.50. Based on these targets, ONCR could surge 500.0% to reach the target high and rise by 500.0% to reach the target low. Reaching the average price target will result in a growth of 500.0% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded ONCR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has risen to 33 over the past year. The total number of shares bought during that period was 3,777 while 551,663 shares were sold.