Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Onto Innovation Inc. (NYSE: ONTO) closed the day trading at $207.05 down -13.02% from the previous closing price of $238.04. In other words, the price has decreased by -$13.02 from its previous closing price. On the day, 1.15 million shares were traded. ONTO stock price reached its highest trading level at $229.76 during the session, while it also had its lowest trading level at $206.94.
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 13.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 64.85. For the most recent quarter (mrq), Quick Ratio is recorded 6.82 and its Current Ratio is at 9.06. 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, Jefferies on May 13, 2024, initiated with a Buy rating and assigned the stock a target price of $265.
On May 10, 2024, B. Riley Securities reiterated its Buy rating and also lowered its target price recommendation from $235 to $250.
On April 16, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $235.Evercore ISI initiated its Outperform rating on April 16, 2024, with a $235 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 Jun 10 ’24 when Vedula Srinivas sold 1,486 shares for $213.40 per share. The transaction valued at 317,112 led to the insider holds 17,433 shares of the business.
Slicer Mark sold 519 shares of ONTO for $112,711 on Jun 07 ’24. The Chief Financial Officer now owns 12,033 shares after completing the transaction at $217.17 per share. On Jun 06 ’24, another insider, Slicer Mark, who serves as the Chief Financial Officer of the company, sold 519 shares for $221.21 each. As a result, the insider received 114,808 and left with 12,552 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 11729631232 and an Enterprise Value of 9479774208. As of this moment, Onto’s Price-to-Earnings (P/E) ratio for their current fiscal year is 73.75, and their Forward P/E ratio for the next fiscal year is 30.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.07 while its Price-to-Book (P/B) ratio in mrq is 5.72. Its current Enterprise Value per Revenue stands at 11.211 whereas that against EBITDA is 48.995.
Stock Price History:
The Beta on a monthly basis for ONTO is 1.39, which has changed by 0.9749142 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. Over the past 52 weeks, ONTO has reached a high of $238.93, while it has fallen to a 52-week low of $103.93. The 50-Day Moving Average of the stock is -6.92%, while the 200-Day Moving Average is calculated to be 19.75%.
Shares Statistics:
Over the past 3-months, ONTO traded about 627.69K shares per day on average, while over the past 10 days, ONTO traded about 692079 shares per day. A total of 49.09M shares are outstanding, with a floating share count of 48.87M. Insiders hold about 0.82% of the company’s shares, while institutions hold 99.39% stake in the company. Shares short for ONTO as of 1719532800 were 1487448 with a Short Ratio of 2.37, compared to 1717113600 on 1526341. Therefore, it implies a Short% of Shares Outstanding of 1487448 and a Short% of Float of 3.95.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 7.0 analysts currently analyzing and rating the stock of Onto Innovation Inc. (ONTO).On average, analysts expect EPS of $1.2 for the current quarter, with a high estimate of $1.21 and a low estimate of $1.18, while EPS last year was $0.79. The consensus estimate for the next quarter is $1.22, with high estimates of $1.27 and low estimates of $1.17.
Analysts are recommending an EPS of between $5.57 and $4.87 for the fiscal current year, implying an average EPS of $5.03. EPS for the following year is $6.5, with 6.0 analysts recommending between $7.78 and $5.89.
Revenue Estimates
7 analysts predict $235.47M in revenue for the current quarter. It ranges from a high estimate of $236.28M to a low estimate of $235M. As of the current estimate, Onto Innovation Inc.’s year-ago sales were $203MFor the next quarter, 7 analysts are estimating revenue of $233.79M. There is a high estimate of $238M for the next quarter, whereas the lowest estimate is $230M.
A total of 7 analysts have provided revenue estimates for ONTO’s current fiscal year. The highest revenue estimate was $949.8M, while the lowest revenue estimate was $936.83M, resulting in an average revenue estimate of $944.24M. In the same quarter a year ago, actual revenue was $815.87MBased on 7 analysts’ estimates, the company’s revenue will be $1.1B in the next fiscal year. The high estimate is $1.24B and the low estimate is $1.04B.
