For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The closing price of Onto Innovation Inc. (NYSE: ONTO) was $208.42 for the day, up 1.10% from the previous closing price of $206.15. In other words, the price has increased by $1.10 from its previous closing price. On the day, 0.68 million shares were traded. ONTO stock price reached its highest trading level at $212.41 during the session, while it also had its lowest trading level at $207.84.
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 14.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 68.54. 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:
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 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 10254681088 and an Enterprise Value of 9561388032. As of this moment, Onto’s Price-to-Earnings (P/E) ratio for their current fiscal year is 84.88, and their Forward P/E ratio for the next fiscal year is 35.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.55 while its Price-to-Book (P/B) ratio in mrq is 5.89. Its current Enterprise Value per Revenue stands at 11.719 whereas that against EBITDA is 52.165.
Stock Price History:
Over the past 52 weeks, ONTO has reached a high of $213.47, while it has fallen to a 52-week low of $84.63. The 50-Day Moving Average of the stock is 12.33%, while the 200-Day Moving Average is calculated to be 39.58%.
Shares Statistics:
ONTO traded an average of 438.46K shares per day over the past three months and 559560 shares per day over the past ten days. A total of 49.09M shares are outstanding, with a floating share count of 48.76M. Insiders hold about 0.76% of the company’s shares, while institutions hold 99.67% stake in the company. Shares short for ONTO as of 1713139200 were 1529274 with a Short Ratio of 3.49, compared to 1710460800 on 1340074. Therefore, it implies a Short% of Shares Outstanding of 1529274 and a Short% of Float of 4.0700004.
