Oncolytics Biotech Inc logo

Oncolytics Biotech Inc(ONCY)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$0.4
11/02/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for ONCY

11/02/2026: ONCY (1-star) is currently NOT-A-BUY. Pass it for now.

Oncolytics Biotech is a clinical-stage biotechnology company focused on developing pelareorep, an intravenously delivered immuno-oncolytic virus for solid tumors. Its primary strength lies in the unique therapeutic approach of systemic viral therapy, which aims to prime the immune system to fight cancer. The investment story centers on the potential for clinical trial success and subsequent licensing or acquisition by a larger pharmaceutical company. Key risks include the high execution risk of clinical development, the company's lack of commercial revenue, and potential dilution from financing needs. This stock is best suited for speculative, high-risk-tolerant investors interested in the biotechnology sector and its long-term innovation potential.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers high-risk, high-reward potential dependent entirely on clinical development success.
Momentum investorStrong fit while signal remains positiveThe stock can experience significant moves based on clinical data releases or partnership news.
Value investorWeak fitThere are no earnings or cash flows to support traditional value-based valuation metrics.
Dividend investorWeak fitThe company is a pre-revenue biotechnology firm that does not pay dividends.
Low-risk investorWeak fitThe company carries extreme volatility and business-specific risk inherent to early-stage drug development.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe share price is sensitive to clinical trial outcomes and financing news.
Valuation riskHighValuation is speculative and based on future potential rather than existing financial performance.
Competition risk (Immunotherapy landscape)Medium / highThe company competes with well-funded incumbents developing various cancer treatment modalities.
Business qualityLowAs a pre-revenue company, the business is purely R&D-focused without recurring cash flow.
Dividend incomeLow / noneInvestors should expect no income from this investment.
Execution riskHighThe success of the company rests entirely on clinical trial execution and regulatory approval.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Highly Choppy
PRICE STABILITY

Highly Choppy

The stock has experienced frequent, large price swings that make its near-term movement less predictable.

Analysis of Past Performance

Type Stock
Historic Profit -19.83%
Avg. Invested days 20
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/02/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
ONCY receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by weak unit economics, soft quantitative characteristics, and weak price momentum.

Company Fundamentals

★★★★★
ONCY has moderate overall fundamentals (3 stars), with moderate financial health, soft growth momentum, and moderate ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-26.2%), soft cash generation (FCF margin 0.0%), slightly negative revenue growth (+0.0%).

Financial Health Rating

★★★★★
ONCY's financial health is supported by strong efficiency, including operating-expense and cost-of-revenue discipline (opex 0.0% of revenue). Profitability is weak (1 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
ONCY's growth profile is soft, with the least-weak measure being revenue growth at +0.0% FY2025 versus FY2024. By comparison, while earnings growth (-26.2%, negative) and free-cash-flow growth (-0.3%, slightly negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 9.0% (soft) and 95.7% of outstanding shares are publicly tradable (strong). Insider ownership of 1.66% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

Marshall Wace Asset Management Ltd 0.57%
Sandbox Financial Partners, LLC 0.31%
XTX Topco Ltd 0.20%
SEEDS INVESTOR LLC 0.20%
International Assets Investment Management, LLC 0.15%

Unit Economics (Per $1K Revenue)

★★★★★
ONCY generates approximately $-0 of gross profit, $-0 of operating income, and $-0 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Weak margins explain the 1-star rating, with weak cash conversion and strong capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: -0.28% (Tax Credit)

Quantitative Style Profile

★★★★★
ONCY has a liquid profile. Weak momentum is the primary drawback, while soft valuation.

Style Classification

Quality Focused

Small / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 55.78M USD
Price to earnings Ratio -
1Y Target Price 4.23
Price to earnings Ratio -
1Y Target Price 4.23
Volume (30-day avg) 1.3M shares
Beta 1.16
52 Weeks Range 0.39 - 1.30
Updated Date 10/31/2026
52 Weeks Range 0.39 - 1.30
Updated Date 10/31/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.35

How Company Makes Money

Business areaWhat it includesRetail investor read
Clinical DevelopmentDeveloping pelareorep to reach commercial readiness.The company does not currently generate revenue and is spending money to prove its drug works.

Valuation

Trailing PE -
Forward PE 45.45
Enterprise Value 52.60M
Price to Sales(TTM) 58.6
Enterprise Value 52.60M
Price to Sales(TTM) 58.6
Enterprise Value to Revenue 51.13
Enterprise Value to EBITDA -1.79
Shares Outstanding 131.12M
Shares Floating 125.54M
Shares Outstanding 131.12M
Shares Floating 125.54M
Percent Insiders 1.66
Percent Institutions 9.04

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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