Onconova Therapeutics Inc (NASDAQ:ONTX) is moving sharply higher in early trading in Tuesday’s session . ONTX traded above the April resistance area and after some profit taking could head higher.
Market Action
As of 10:04, ONTX is soaring 28% to trade at $0.79. So far more than 50.20 million shares have exchanged hands, well above its 30-day moving average volume of 24.14 million shares.
ONTX Releases Q1 Earnings
Onconova Therapeutics Reports First Quarter 2021 Financial Results and Provides Business Update
- Cash and cash equivalents as of March 31, 2021 were $48.0 million, compared with $19.0 million as of December 31, 2020.
- Net loss for the first quarter of 2021 was $4.7 million, or $0.02 per share on 219.2 million weighted average shares outstanding, compared with a net loss for the first quarter of 2020 of $5.1 million, or $0.03 per share on 160.3 million weighted average shares outstanding.
- Research and development expenses were $1.9 million for the first quarter of 2021, compared with $3.4 million for the first quarter of 2020.
Trader Notes
Share Information
| SHARES OUTSTANDING | 236.61 M |
| SHARE FLOAT (%) | 221.71 M (93.70%) |
| % HELD BY INSTITUTIONS | 10.90 |
Recent Stock Performance
| 5-DAY PERF. | +53.55% |
| 1-MONTH PERF. | +32.56% |
| 3-MONTH PERF. | -54.55% |
| 6-MONTH PERF. | +207.57% |
| YTD PERF. | +71.75% |
| 1-YEAR PERF. | +115.46% |
Moving Averages
| +/- EMA(20) | 0.65 (+23.08%) |
| +/- SMA(50) | 0.82 (-2.44%) |
| +/- SMA(200) | 0.63 (+26.98%) |
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 0.4732 | 0.5181 | 0.5676 | 0.6125 | 0.6620 | 0.7069 | 0.7564 |
| Fibonacci | 0.5181 | 0.5542 | 0.5765 | 0.6125 | 0.6486 | 0.6709 | 0.7069 |
Technical Indicators
| Symbol | Value | Result | Symbol | Value | Result |
| ADX | 32.6832 | Sell | ATR14 | 0.0899 | |
| CCI20 | -30.8072 | Neutral | Chaikin Money Flow | -0.1579 | Sell |
| MACD | -0.0914 | Sell | Money Flow Index | 34.4738 | Sell |
| ROC | -15.1307 | Sell | RSI | 47.4169 | Buy |
| STOCH (14,3) | 43.5074 | Buy | STOCH RSI | 1.0000 | OverBought |
| UO | 38.8534 | Buy | Williams %R | -56.4926 | Neutral |
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