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In the latest session, Onto Innovation Inc. (NYSE: ONTO) closed at $204.28 down -9.18% from its previous closing price of $224.94. In other words, the price has decreased by -$9.18 from its previous closing price. On the day, 1.57 million shares were traded. ONTO stock price reached its highest trading level at $225.0 during the session, while it also had its lowest trading level at $200.66.
Ratios:
For a deeper understanding of Onto Innovation Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 55.03. For the most recent quarter (mrq), Quick Ratio is recorded 7.18 and its Current Ratio is at 9.33. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 10088081408 and an Enterprise Value of 9319747584. As of this moment, Onto’s Price-to-Earnings (P/E) ratio for their current fiscal year is 61.02, and their Forward P/E ratio for the next fiscal year is 30.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.24 while its Price-to-Book (P/B) ratio in mrq is 5.50. Its current Enterprise Value per Revenue stands at 10.387 whereas that against EBITDA is 42.837.
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 $108.98. The 50-Day Moving Average of the stock is 1.73%, while the 200-Day Moving Average is calculated to be 5.56%.
Shares Statistics:
For the past three months, ONTO has traded an average of 634.47K shares per day and 558880 over the past ten days. A total of 49.09M shares are outstanding, with a floating share count of 48.97M. Insiders hold about 0.83% of the company’s shares, while institutions hold 97.30% stake in the company. Shares short for ONTO as of 1727654400 were 1354224 with a Short Ratio of 2.13, compared to 1724976000 on 810798. Therefore, it implies a Short% of Shares Outstanding of 1354224 and a Short% of Float of 3.5900000000000003.
