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Onto Innovation Inc. (NYSE: ONTO) closed the day trading at $225.50 down -4.72% from the previous closing price of $236.66. In other words, the price has decreased by -$4.72 from its previous closing price. On the day, 0.68 million shares were traded. ONTO stock price reached its highest trading level at $237.37 during the session, while it also had its lowest trading level at $225.49.
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 15.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 70.63. 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 11111715840 and an Enterprise Value of 10388913152. As of this moment, Onto’s Price-to-Earnings (P/E) ratio for their current fiscal year is 80.32, and their Forward P/E ratio for the next fiscal year is 33.88. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.14 while its Price-to-Book (P/B) ratio in mrq is 6.23. Its current Enterprise Value per Revenue stands at 12.287 whereas that against EBITDA is 53.693.
Stock Price History:
The Beta on a monthly basis for ONTO is 1.39, which has changed by 1.0173554 over the last 52 weeks, in comparison to a change of 0.23951602 over the same period for the S&P500. Over the past 52 weeks, ONTO has reached a high of $238.55, while it has fallen to a 52-week low of $103.93. The 50-Day Moving Average of the stock is 2.91%, while the 200-Day Moving Average is calculated to be 32.04%.
Shares Statistics:
Over the past 3-months, ONTO traded about 604.13K shares per day on average, while over the past 10 days, ONTO traded about 1212970 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 99.63% stake in the company. Shares short for ONTO as of 1718323200 were 1634408 with a Short Ratio of 2.46, compared to 1715731200 on 1792381. Therefore, it implies a Short% of Shares Outstanding of 1634408 and a Short% of Float of 4.35.
