Onto Innovation Inc (NYSE: ONTO) has experienced a rise in its stock price by 2.83 compared to its previous closing price of 161.91. However, the company has seen a gain of 1.06% in its stock price over the last five trading days. zacks.com reported 2024-11-05 that Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Is It Worth Investing in Onto Innovation Inc (NYSE: ONTO) Right Now?
Onto Innovation Inc (NYSE: ONTO) has a higher price-to-earnings ratio of 45.14x compared to its average ratio, The 36-month beta value for ONTO is at 1.33. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ONTO is 48.99M, and currently, shorts hold a 2.22% of that float. The average trading volume for ONTO on November 22, 2024 was 690.50K shares.
ONTO’s Market Performance
ONTO stock saw a decrease of 1.06% in the past week, with a monthly decline of -17.28% and a quarterly a decrease of -21.82%. The volatility ratio for the week is 2.72%, and the volatility levels for the last 30 days are 3.87% for Onto Innovation Inc (ONTO).. The simple moving average for the past 20 days is -6.72% for ONTO’s stock, with a -15.82% simple moving average for the past 200 days.
Analysts’ Opinion of ONTO
Many brokerage firms have already submitted their reports for ONTO stocks, with Oppenheimer repeating the rating for ONTO by listing it as a “Outperform.” The predicted price for ONTO in the upcoming period, according to Oppenheimer is $260 based on the research report published on September 25, 2024 of the current year 2024.
Jefferies gave a rating of “Buy” to ONTO, setting the target price at $265 in the report published on May 13th of the current year.
ONTO Trading at -14.53% from the 50-Day Moving Average
After a stumble in the market that brought ONTO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.31% of loss for the given period.
Volatility was left at 3.87%, however, over the last 30 days, the volatility rate increased by 2.72%, as shares sank -17.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.72% lower at present.
During the last 5 trading sessions, ONTO rose by +1.06%, which changed the moving average for the period of 200-days by +5.03% in comparison to the 20-day moving average, which settled at $178.50. In addition, Onto Innovation Inc saw 8.89% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ONTO starting from Slicer Mark, who sale 1,100 shares at the price of $160.41 back on Nov 15 ’24. After this action, Slicer Mark now owns 10,933 shares of Onto Innovation Inc, valued at $176,451 using the latest closing price.
MARK R SLICER, the Officer of Onto Innovation Inc, proposed sale 1,100 shares at $160.41 during a trade that took place back on Nov 15 ’24, which means that MARK R SLICER is holding shares at $176,451 based on the most recent closing price.
Stock Fundamentals for ONTO
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.49 for the gross margin
The net margin for Onto Innovation Inc stands at 0.19. The total capital return value is set at 0.1. Equity return is now at value 10.18, with 9.31 for asset returns.
Currently, EBITDA for the company is 183.29 million with net debt to EBITDA at -0.69. When we switch over and look at the enterprise to sales, we see a ratio of 8.54. The receivables turnover for the company is 3.71for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.07.
Conclusion
In conclusion, Onto Innovation Inc (ONTO) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
