Onto Innovation Inc. [NYSE: ONTO] closed the trading session at $219.79.
The stocks have a year to date performance of 43.75 percent and weekly performance of 1.96 percent. The stock has been moved at 52.02 percent over the last six months. The stock has performed 1.99 percent around the most recent 30 days and changed 15.85 percent over the most recent 3-months.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
If compared to the average trading volume of 587.46K shares, ONTO reached to a volume of 324454 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Onto Innovation Inc. [ONTO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ONTO shares is $253.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ONTO stock is a recommendation set at 1.33. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Onto Innovation Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 13, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price from $235 to $250. The new note on the price target was released on May 10, 2024, representing the official price target for Onto Innovation Inc. stock. Previously, the target price had yet another raise to $235, while Evercore ISI analysts kept a Outperform rating on ONTO stock.
The Average True Range (ATR) for Onto Innovation Inc. is set at 8.75, with the Price to Sales ratio for ONTO stock in the period of the last 12 months amounting to 12.81. The Price to Book ratio for the last quarter was 6.07, with the Price to Cash per share for the same quarter was set at 15.04. Price to Free Cash Flow for ONTO in the course of the last twelve months was 68.84 with Quick ratio for the last quarter at 6.82.
ONTO stock trade performance evaluation
Onto Innovation Inc. [ONTO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.96. With this latest performance, ONTO shares gained by 1.99% in over the last four-week period, additionally plugging by 52.02% over the last 6 months – not to mention a rise of 89.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ONTO stock in for the last two-week period is set at 51.06, with the RSI for the last a single of trading hit 61.66, and the three-weeks RSI is set at 57.40 for Onto Innovation Inc. [ONTO]. The present Moving Average for the last 50 days of trading for this stock 214.99, while it was recorded at 222.06 for the last single week of trading, and 168.59 for the last 200 days.
Onto Innovation Inc. [ONTO]: An insightful look at the core fundamentals
Onto Innovation Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.82 and a Current Ratio set at 9.06.
Earnings per share (EPS) analysis for Onto Innovation Inc. [ONTO] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ONTO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Onto Innovation Inc. go to 12.00%.
Onto Innovation Inc. [ONTO]: Institutional Ownership
The top three institutional holders of ONTO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in ONTO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in ONTO stock with ownership which is approximately 5.1238%.
