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The closing price of Onto Innovation Inc. (NYSE: ONTO) was $189.08 for the day, up 0.15% from the previous closing price of $188.80. In other words, the price has increased by $0.15 from its previous closing price. On the day, 0.81 million shares were traded. ONTO stock price reached its highest trading level at $198.73 during the session, while it also had its lowest trading level at $188.13.
Ratios:
Our analysis of ONTO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 59.22. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 9317087232 and an Enterprise Value of 8580489728. As of this moment, Onto’s Price-to-Earnings (P/E) ratio for their current fiscal year is 67.35, and their Forward P/E ratio for the next fiscal year is 28.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.02 while its Price-to-Book (P/B) ratio in mrq is 5.22. Its current Enterprise Value per Revenue stands at 10.148 whereas that against EBITDA is 44.347.
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 $105.58. The 50-Day Moving Average of the stock is -14.18%, while the 200-Day Moving Average is calculated to be 7.59%.
Shares Statistics:
ONTO traded an average of 656.73K shares per day over the past three months and 730430 shares per day over the past ten days. 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 101.11% stake in the company. Shares short for ONTO as of 1721001600 were 818374 with a Short Ratio of 1.25, compared to 1718323200 on 1634408. Therefore, it implies a Short% of Shares Outstanding of 818374 and a Short% of Float of 2.18.
