A share price of Onto Innovation Inc. [ONTO] is currently trading at $215.37, down -3.28%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ONTO shares have gain 7.73% over the last week, with a monthly amount glided 4.15%, and 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 September 25, 2024, when Oppenheimer initiated its Outperform rating and assigned the stock a price target of $260. Previously, Needham upgraded its rating to Buy on August 19, 2024. On May 13, 2024, Jefferies initiated with a Buy rating and assigned a price target of $265 on the stock. B. Riley Securities reiterated its Buy rating and increased its price target to $250 on May 10, 2024. Evercore ISI initiated its recommendation with a Outperform and recommended $235 as its price target on April 16, 2024. Needham downgraded its rating to Hold for this stock on June 14, 2023. In a note dated April 21, 2023, Jefferies initiated an Buy rating and provided a target price of $100 on this stock.
Onto Innovation Inc. experienced fluctuations in its stock price throughout the past year between $108.98 and $238.93. Currently, Wall Street analysts expect the stock to reach $258.33 within the next 12 months. Onto Innovation Inc. [NYSE: ONTO] shares were valued at $215.37 at the most recent close of the market. An investor can expect a potential return of 19.95% based on the average ONTO price forecast.
Analyzing the ONTO fundamentals
Trailing Twelve Months sales for Onto Innovation Inc. [NYSE:ONTO] were 897.21M which represents 27.10% growth. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.09 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 210.85 points at the first support level, and at 206.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 221.30, and for the 2nd resistance point, it is at 227.22.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Onto Innovation Inc. [NYSE:ONTO] is 9.33. As well, the Quick Ratio is 7.18, while the Cash Ratio is 1.16. Considering the valuation of this stock, the price to sales ratio is 11.85, the price to book ratio is 5.80 and price to earnings (TTM) ratio is 64.33.
Transactions by insiders
Recent insider trading involved Vedula Srinivas, SVP, Customer Success, that happened on Sep 03 ’24 when 1275.0 shares were sold. Officer, SRINIVAS VEDULA completed a deal on Sep 03 ’24 to buy 1275.0 shares. Meanwhile, SVP, Customer Success Vedula Srinivas sold 1486.0 shares on Jun 10 ’24.
