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Onto Innovation Inc (NYSE: ONTO) closed the day trading at $164.74 down -5.73% from the previous closing price of $174.75. In other words, the price has decreased by -$5.73 from its previous closing price. On the day, 0.84 million shares were traded. ONTO stock price reached its highest trading level at $173.93 during the session, while it also had its lowest trading level at $164.54.
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 9.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.73. 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, Oppenheimer on September 25, 2024, initiated with a Outperform rating and assigned the stock a target price of $260.
On May 13, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $265.Jefferies initiated its Buy rating on May 13, 2024, with a $265 target price.
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 Sep 03 ’24 when Vedula Srinivas sold 1,275 shares for $207.24 per share. The transaction valued at 264,231 led to the insider holds 16,050 shares of the business.
SRINIVAS VEDULA bought 1,275 shares of ONTO for $264,231 on Sep 03 ’24. On Jun 10 ’24, another insider, Vedula Srinivas, who serves as the SVP, Customer Success of the company, sold 1,486 shares for $213.40 each. As a result, the insider received 317,112 and left with 17,433 shares of the company.
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 8136722944 and an Enterprise Value of 7297716736. As of this moment, Onto’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.66, and their Forward P/E ratio for the next fiscal year is 24.58. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.64 while its Price-to-Book (P/B) ratio in mrq is 4.27. Its current Enterprise Value per Revenue stands at 7.745 whereas that against EBITDA is 30.401.
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 $131.78. The 50-Day Moving Average of the stock is -16.62%, while the 200-Day Moving Average is calculated to be -16.70%.
Shares Statistics:
Over the past 3-months, ONTO traded about 653.72K shares per day on average, while over the past 10 days, ONTO traded about 1064530 shares per day. A total of 49.09M shares are outstanding, with a floating share count of 48.98M. Insiders hold about 0.83% of the company’s shares, while institutions hold 97.09% stake in the company. Shares short for ONTO as of 1730332800 were 1088173 with a Short Ratio of 1.66, compared to 1727654400 on 1354224. Therefore, it implies a Short% of Shares Outstanding of 1088173 and a Short% of Float of 2.8800000999999997.
