shares of Onconova Therapeutics, Inc. (NASDAQ:ONTX) reached at $0.94 price level during last trade its distance from 20 days simple moving average was 32.24%, and its distance from 50 days simple moving average was 84.00% while it has a distance of 88.75% from the 200 days simple moving average.
Onconova Therapeutics (NASDAQ:ONTX) reported Q3 sales of $66.00 thousand. Earnings fell to a loss of $6.27 million, resulting in a 14.51% decrease from last quarter. In Q2, Onconova Therapeutics brought in $56.00 thousand in sales but lost $7.34 million in earnings.
What Is ROCE?
Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company’s ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q3, Onconova Therapeutics posted an ROCE of -0.51%.
Keep in mind, while ROCE is a good measure of a company’s recent performance, it is not a highly reliable predictor of a company’s earnings or sales in the near future.
Return on Capital Employed is an important measurement of efficiency and a useful tool when comparing companies that operate in the same industry. A relatively high ROCE indicates a company may be generating profits that can be reinvested into more capital, leading to higher returns and growing EPS for shareholders.
In Onconova Therapeutics’s case, the ROCE ratio shows the amount of assets may not be helping the company achieve higher returns. Investors may take this into account before making any long-term financial decisions.
Q3 Earnings Recap
Onconova Therapeutics reported Q3 earnings per share at $-0.03/share, which did not meet analyst predictions of $-0.03/share.
The stock has a market cap of $200.75M with 180.88M shares outstanding, of which the float was 171.86M shares. Analysts consider this stock active, since it switched Trading volume reached 199,412,928 shares as compared to its average volume of 33.28M shares.
The Average Daily Trading Volume (ADTV) demonstrates trading activity related to the liquidity of the security. When Ave Volume tends to increase, it shows enhanced liquidity.
But when Ave Volume is lower, the security will tend to be cheap as people are not as keen to purchase it. Hence, it might have an effect on the worth of the security. ONTX’s relative volume was 6.54.
Relative volume is a great indicator to keep a close eye on, but like most indicators it works best in conjunction with other indicators and on different time frames. Higher relative volume you will have more liquidity in the stock which will tighten spreads and allow you to trade with more size without a ton of slippage.
Onconova Therapeutics, Inc. has an average true range (ATR) of 0.12. Other technical indicators are worth considering in assessing the prospects for EQT. ONTX’s price to sales ratio for trailing twelve months was 1003.77 and price to book ratio for most recent quarter was 13.37, whereas price to cash per share for the most recent quarter was 8.30.
The Company’s price to free cash flow for trailing twelve months was 0. Its quick ratio for most recent quarter was 2.70. Analysts mean recommendation for the stock was 2.70. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.
Onconova Therapeutics, Inc.‘s shares owned by insiders remained 0.30%, whereas shares owned by institutional owners are 10.20%.
Meanwhile, ONTX traded under umbrella of Healthcare sector, the stock was traded -40.00% ahead of its 52-week high and 392.37% beyond its 52-week low. So, both the price and 52-week high indicators would give you a clear-cut picture to evaluate the price direction.