Onto Innovation Inc (NYSE:ONTO) shares, rose in value on Wednesday, April 16, with the stock price down by -4.63% to the previous day’s close as strong demand from buyers drove the stock to $114.89.
Actively observing the price movement in the last trading, the stock closed the session at $120.47, falling within a range of $109.18 and $116.3855. The value of beta (5-year monthly) was 1.461 whereas the PE ratio was 28.29 over 12-month period. Referring to stock’s 52-week performance, its high was $238.93, and the low was $98.21. On the whole, ONTO has fluctuated by -14.90% over the past month.
With the market capitalization of Onto Innovation Inc currently standing at about $5.61 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-05.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.11B, with a low estimate of 265M and a high estimate of 270M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 267.03M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ONTO’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 1.84, with the price of ONTO currently trading nearly -6.81% and -19.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.90, while the 7-day volatility ratio is showing 6.54% which for the 30-day chart, stands at 7.76%. Furthermore, Onto Innovation Inc (ONTO)’s beta value is 1.54, and its average true range (ATR) is 10.35.
A comparison of Onto Innovation Inc (ONTO) with its peers suggests the former has fared considerably weaker in the market. ONTO showed an intraday change of -4.63% in last session, and over the past year, it shrunk by -37.24%%.
Data on historical trading for Onto Innovation Inc (NYSE:ONTO) indicates that the trading volumes over the past 10 days have averaged 1.64 and over the past 3 months, they’ve averaged 1.12 million. According to company’s latest data on outstanding shares, there are 49.24 million shares outstanding.
Nearly 0.80% of Onto Innovation Inc’s shares belong to company insiders and institutional investors own 97.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.5 million shares as on 2025-03-31, resulting in a short ratio of 1.51. According to the data, the short interest in Onto Innovation Inc (ONTO) stood at 400.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 1.51 million. The stock has fallen by -31.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ONTO stock heading into the next quarter.
