For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Onto Innovation Inc.’s stock clocked out at $177.63, down -2.37% from its previous closing price of $181.94. In other words, the price has decreased by -$2.37 from its previous closing price. On the day, 0.69 million shares were traded. ONTO stock price reached its highest trading level at $182.83 during the session, while it also had its lowest trading level at $176.165.
Ratios:
To gain a deeper understanding of ONTO’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 58.41. For the most recent quarter (mrq), Quick Ratio is recorded 6.47 and its Current Ratio is at 8.69. 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, Evercore ISI on April 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $235.
On April 21, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $100.Jefferies initiated its Buy rating on April 21, 2023, with a $100 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 20 ’24 when Plisinski Michael P sold 40,000 shares for $175.48 per share. The transaction valued at 7,019,129 led to the insider holds 235,492 shares of the business.
OH Yoon Ah sold 1,685 shares of ONTO for $303,300 on Mar 18 ’24. The VP, General Counsel & Corp Sec now owns 14,913 shares after completing the transaction at $180.00 per share. On Mar 15 ’24, another insider, OH Yoon Ah, who serves as the VP, General Counsel & Corp Sec of the company, sold 2,685 shares for $173.96 each. As a result, the insider received 467,083 and left with 16,598 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 8739751936 and an Enterprise Value of 8048675328. As of this moment, Onto’s Price-to-Earnings (P/E) ratio for their current fiscal year is 72.34, and their Forward P/E ratio for the next fiscal year is 29.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.70 while its Price-to-Book (P/B) ratio in mrq is 5.02. Its current Enterprise Value per Revenue stands at 9.865 whereas that against EBITDA is 43.912.
Stock Price History:
Over the past 52 weeks, ONTO has reached a high of $199.72, while it has fallen to a 52-week low of $76.40. The 50-Day Moving Average of the stock is -1.73%, while the 200-Day Moving Average is calculated to be 23.82%.
Shares Statistics:
It appears that ONTO traded 421.08K shares on average per day over the past three months and 369750 shares per day over the past ten days. A total of 49.09M shares are outstanding, with a floating share count of 48.68M. Insiders hold about 0.92% of the company’s shares, while institutions hold 99.95% stake in the company. Shares short for ONTO as of 1711584000 were 1257748 with a Short Ratio of 2.99, compared to 1709164800 on 1434208. Therefore, it implies a Short% of Shares Outstanding of 1257748 and a Short% of Float of 3.35.
Earnings Estimates
The current assessment of Onto Innovation Inc. (ONTO) involves the perspectives of Onto Innovation Inc. analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is $1.15, with high estimates of $0.65 and low estimates of $6.63.
Analysts are recommending an EPS of between $Consumer Cyclical and $Technology for the fiscal current year, implying an average EPS of $Healthcare.
