Onto Innovation Inc. [ONTO] stock is trading at $177.81, up 8.42%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ONTO shares have gain 2.38% over the last week, with a monthly amount drifted -24.87%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Onto Innovation Inc. [NYSE: ONTO] stock has seen the most recent analyst activity on May 13, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $265. Previously, B. Riley Securities reaffirmed its Buy rating on May 10, 2024, and elevated its price target to $250. On April 16, 2024, Evercore ISI initiated with a Outperform rating and assigned a price target of $235 on the stock. Needham downgraded its rating to a Hold. Jefferies initiated its recommendation with a Buy and recommended $100 as its price target on April 21, 2023. In a note dated June 09, 2020, DA Davidson upgraded an Buy rating on this stock.
Onto Innovation Inc. [ONTO] stock has fluctuated between $105.58 and $238.93 over the past year. Currently, Wall Street analysts expect the stock to reach $270 within the next 12 months. Onto Innovation Inc. [NYSE: ONTO] shares were valued at $177.81 at the most recent close of the market. An investor can expect a potential return of 51.85% based on the average ONTO price forecast.
Analyzing the ONTO fundamentals
Onto Innovation Inc. [NYSE:ONTO] reported sales of 845.55M for the trailing twelve months, which represents a growth of 14.90%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.08 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 170.28 points at the first support level, and at 162.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 181.89, and for the 2nd resistance point, it is at 185.97.
Ratios To Look Out For
For context, Onto Innovation Inc.’s Current Ratio is 9.06. Further, the Quick Ratio stands at 6.82, while the Cash Ratio is 1.3. Considering the valuation of this stock, the price to sales ratio is 10.36, the price to book ratio is 4.91 and price to earnings (TTM) ratio is 63.34.
Transactions by insiders
Recent insider trading involved Vedula Srinivas, SVP, Customer Success, that happened on Jun 10 ’24 when 1486.0 shares were sold. Chief Financial Officer, Slicer Mark completed a deal on Jun 07 ’24 to sell 519.0 shares. Meanwhile, Chief Financial Officer Slicer Mark sold 519.0 shares on Jun 06 ’24.
