Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Onto Innovation Inc (NYSE: ONTO) closed the day trading at $183.27 down -14.20% from the previous closing price of $213.59. In other words, the price has decreased by -$14.20 from its previous closing price. On the day, 2.1 million shares were traded. ONTO stock price reached its highest trading level at $197.66 during the session, while it also had its lowest trading level at $179.26.
Ratios:
For a better understanding of ONTO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.86. For the most recent quarter (mrq), Quick Ratio is recorded 7.94 and its Current Ratio is at 10.07. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Cantor Fitzgerald on January 13, 2025, initiated with a Overweight rating and assigned the stock a target price of $250.
On September 25, 2024, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $260.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 21 ’25 when Plisinski Michael P sold 35,000 shares for $219.19 per share. The transaction valued at 7,671,650 led to the insider holds 150,492 shares of the business.
Plisinski Michael P sold 30,000 shares of ONTO for $6,337,287 on Jan 16 ’25. The CEO now owns 185,492 shares after completing the transaction at $211.24 per share. On Jan 21 ’25, another insider, Plisinski Michael P, who serves as the Officer of the company, bought 35,000 shares for $219.19 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ONTO now has a Market Capitalization of 9051943936 and an Enterprise Value of 9710481408. As of this moment, Onto’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.68, and their Forward P/E ratio for the next fiscal year is 27.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.61 while its Price-to-Book (P/B) ratio in mrq is 4.76. Its current Enterprise Value per Revenue stands at 10.306 whereas that against EBITDA is 40.453.
Stock Price History:
Over the past 52 weeks, ONTO has reached a high of $238.93, while it has fallen to a 52-week low of $145.15. The 50-Day Moving Average of the stock is 3.04%, while the 200-Day Moving Average is calculated to be -7.27%.
Shares Statistics:
Over the past 3-months, ONTO traded about 779.89K shares per day on average, while over the past 10 days, ONTO traded about 811520 shares per day. A total of 49.39M shares are outstanding, with a floating share count of 49.05M. Insiders hold about 0.69% of the company’s shares, while institutions hold 97.03% stake in the company. Shares short for ONTO as of 1735603200 were 1160842 with a Short Ratio of 1.49, compared to 1732838400 on 964303. Therefore, it implies a Short% of Shares Outstanding of 1160842 and a Short% of Float of 3.08.
