Oncolytics Biotech Stock Target Price and Analyst Consensus

ONCY Stock  USD 0.98  0.02  2.00%   
The current analyst and expert consensus on Oncolytics Biotech is Strong Buy, with 3 strong buy opinions. The current projected Oncolytics Biotech target price consensus is 7.33 with 8 analyst opinions. Check out Macroaxis Advice on Oncolytics Biotech to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more information on how to buy Oncolytics Stock please use our How to Invest in Oncolytics Biotech guide.
The most common way Oncolytics Biotech analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Oncolytics Biotech executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Oncolytics Biotech. We strongly encourage you to use your own analysis of Oncolytics Biotech to validate this buy or sell advice. Oncolytics Biotech buy-or-sell recommendation module provides average expert sentiment on the projected Oncolytics Biotech target price to derive its highest and lowest estimates based on projected price volatility of 5.5354.
Lowest Forecast
6.67
Highest Forecast
8.14
Target Price
7.33
Gross Profit is likely to drop to about (423.1 K) in 2024. Pretax Profit Margin is likely to drop to -7.08 in 2024. At this time, Oncolytics Biotech's Common Stock Shares Outstanding is fairly stable compared to the past year. Non Current Liabilities Total is likely to rise to about 7.4 M in 2024, whereas Total Assets are likely to drop slightly above 30.5 M in 2024.
  
It's important to approach Oncolytics Biotech's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Oncolytics Biotech price targets

Oncolytics Biotech's stock target price is an estimate of its future price, usually made by analysts. Using Oncolytics Biotech's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Oncolytics Biotech's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Oncolytics Biotech's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Oncolytics Biotech Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Oncolytics Biotech is a key component of Oncolytics Biotech valuation and have some predictive power on the future returns of a Oncolytics Biotech.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oncolytics Biotech's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.050.986.52
Details
Intrinsic
Valuation
LowRealHigh
0.040.886.42
Details
Naive
Forecast
LowNextHigh
0.021.116.64
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.12-0.11-0.11
Details

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Additional Tools for Oncolytics Stock Analysis

When running Oncolytics Biotech's price analysis, check to measure Oncolytics Biotech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Oncolytics Biotech is operating at the current time. Most of Oncolytics Biotech's value examination focuses on studying past and present price action to predict the probability of Oncolytics Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oncolytics Biotech's price. Additionally, you may evaluate how the addition of Oncolytics Biotech to your portfolios can decrease your overall portfolio volatility.