ON Semiconductor Corp. (NASDAQ:ON) shares, rose in value, with the stock price up by 6.24% to the previous day’s close as strong demand from buyers drove the stock to $65.53.
Actively observing the price movement in the last trading, the stock closed the session at $61.68. The PE ratio was 13.40 over 12-month period. Referring to stock’s 52-week performance, its high was $111.35, and the low was $59.34. On the whole, ON has fluctuated by -10.89% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.5B, with a low estimate of 1.8B and a high estimate of 1.92B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.85B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ON’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.91, with the price of ON currently trading nearly -3.81% and -11.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.62, while the 7-day volatility ratio is showing 3.65% which for the 30-day chart, stands at 3.21%. Furthermore, ON Semiconductor Corp. (ON)’s beta value is 1.82, and its average true range (ATR) is 2.71.
A comparison of ON Semiconductor Corp. (ON) with its peers suggests the former has fared considerably weaker in the market. ON showed an intraday change of 6.24% in last session, and over the past year, it shrunk by -11.90%%.
Data on historical trading for ON Semiconductor Corp. (NASDAQ:ON) indicates that the trading volumes over the past 3 months, they’ve averaged 7.05 million. According to company’s latest data on outstanding shares, there are 426.39 million shares outstanding.
Nearly 0.72% of ON Semiconductor Corp.’s shares belong to company insiders and institutional investors own 99.89% of the company’s shares. The stock has fallen by -21.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ON stock heading into the next quarter.
