ON24 Inc [NYSE: ONTF] price plunged by -0.18 percent to reach at -$0.01.
A sum of 144655 shares traded at recent session while its average daily volume was at 151.40K shares. ON24 Inc shares reached a high of $5.64 and dropped to a low of $5.555 until finishing in the latest session at $5.58.
The one-year ONTF stock forecast points to a potential upside of 7.0. The average equity rating for ONTF stock is currently 3.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on ON24 Inc [ONTF]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ONTF shares is $6.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ONTF stock is a recommendation set at 3.00. 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.
KeyBanc Capital Markets have made an estimate for ON24 Inc shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on September 13, 2022. The new note on the price target was released on May 11, 2022, representing the official price target for ON24 Inc stock.
The Price to Book ratio for the last quarter was 1.65, with the Price to Cash per share for the same quarter was set at 4.14. Price to Free Cash Flow for ONTF in the course of the last twelve months was 35.75 with Quick ratio for the last quarter at 2.56.
ONTF Stock Performance Analysis:
ON24 Inc [ONTF] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.10. With this latest performance, ONTF shares dropped by -0.89% in over the last four-week period, additionally sinking by -2.11% over the last 6 months – not to mention a drop of -13.62% 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 ONTF stock in for the last two-week period is set at 54.38, with the RSI for the last a single of trading hit 0.23, and the three-weeks RSI is set at 0.22 for ON24 Inc [ONTF]. The present Moving Average for the last 50 days of trading for this stock 5.53, while it was recorded at 5.43 for the last single week of trading, and 5.39 for the last 200 days.
Insight into ON24 Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and ON24 Inc [ONTF] shares currently have an operating margin of -26.46% and a Gross Margin at 74.59%. ON24 Inc’s Net Margin is presently recorded at -22.09%.
ON24 Inc (ONTF) Capital Structure & Debt Analysis
According to recent financial data for ON24 Inc. ( ONTF), the Return on Equity (ROE) stands at -20.20%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -13.13%, reflecting the company’s efficiency in generating profits from its assets. Additionally, ON24 Inc’s Return on Invested Capital (ROIC) is -21.52%, showcasing its effectiveness in deploying capital for earnings.
ON24 Inc (ONTF) Efficiency & Liquidity Metrics
Based on ON24 Inc’s (ONTF) latest financial statements, the Debt-to-Equity Ratio is 0.01%, indicating its reliance on debt financing relative to shareholder equity.
ON24 Inc (ONTF) Efficiency & Liquidity Metrics
From an operational efficiency perspective, ON24 Inc. (ONTF) effectively leverages its workforce, generating an average of -$71464.53 per employee. The company’s liquidity position is robust, with a Current Ratio of 2.56% and a Quick Ratio of 2.56%, indicating strong ability to cover short-term liabilities.
ONTF Stock EPS
With the latest financial reports released by the company, ON24 Inc posted 0.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.04. 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 ONTF. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ON24 Inc go to 20.06%.
ON24 Inc [ONTF] Institutonal Ownership Details
There are presently around $75.02%, or 86.80%% of ONTF stock, in the hands of institutional investors. The top three institutional holders of ONTF stocks are: LYNROCK LAKE LP with ownership of 7.33 million shares, which is approximately 17.7417%. INDABA CAPITAL MANAGEMENT, L.P., holding 4.24 million shares of the stock with an approximate value of $$25.48 million in ONTF stocks shares; and INDABA CAPITAL MANAGEMENT, L.P., currently with $$16.06 million in ONTF stock with ownership which is approximately 6.4679%.
