FILTRIX Logo FILTRIX Find Your Edge →
← All insights

$ONFO -26.58% — what the base rate says

$ONFO -26.58% — what the base rate says

$EDSA caught late buyers off guard with a -15.8% slide following an evening public offering filing.

When a biotech prints a secondary offering after the bell, retail often scrambles to 'buy the discount.' Across 3,606 historical catalyst-driven gap-downs of 15% or more, the base rate shows the stock closes deeper in the red 55% of the time, with a negative average continuation.

Dilution is not an oversold bounce setup; it is permanent structural supply.

What the data showed

  • $ONFO -26.58% Onfolio Holdings, Inc. · closed red 54% · green 45% (n=178) mcap $330,896 · float 4M shares · sector: SERVICES-COMPUTER PROCESSING & DATA PREPARATION
  • $MTNB -22.41% Matinas BioPharma Holdings, Inc. · closed red 59% · green 40% (n=1,421) mcap $3M · float 6M shares · sector: PHARMACEUTICAL PREPARATIONS
  • $YJ -20.71% Yunji Inc. · closed red 59% · green 40% (n=1,421) mcap $9M · float 1M shares
  • $TNON -16.30% Tenon Medical, Inc. · closed red 56% · green 43% (n=2,301) mcap $3M · float 9M shares · sector: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
  • $EDSA -15.83% Edesa Biotech, Inc. · closed red 55% · green 44% (n=3,606) mcap $54M · float 8M shares · sector: PHARMACEUTICAL PREPARATIONS
  • $EP -13.33% Empire Petroleum Corporation · closed red 54% · green 45% (n=4,138)
  • $RVSN -11.19% Rail Vision Ltd. · closed red 54% · green 45% (n=4,138) mcap $15M · float 2M shares
  • $RYOJ -11.04% rYojbaba Co., Ltd. · closed red 54% · green 45% (n=4,138) mcap $22M · float 3M shares
  • $AZI -10.84% Autozi Internet Technology (Global · closed red 53% · green 46% (n=6,903) mcap $6M · float 4M shares
  • $WOLF -10.79% Wolfspeed, Inc. · closed red 54% · green 45% (n=618) mcap $1.8B · float 20M shares · sector: SEMICONDUCTORS & RELATED DEVICES

Run the base rates on FILTRIX.net before chasing post-close volatility. Test the historical win rate of every gap setup across thousands of real market instances before risking live capital. Discipline > FOMO

Find Your Edge on FILTRIX →