Onto Innovation Inc. (ONTO) can make a big difference with a little luck

With 0.73 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.38 million shares. The 52-week range on ONTO shows that it touched its highest point at $172.36 and its lowest point at $76.01 during that stretch. It currently has a 1-year price target of $167.70. Beta for the stock currently stands at 1.39.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ONTO was up-trending over the past week, with a rise of 1.11%, but this was up by 13.96% over a month. Three-month performance surged to 36.63% while six-month performance rose 38.99%. The stock gained 95.42% in the past year, while it has gained 7.76% so far this year. A look at the trailing 12-month EPS for ONTO yields 3.18 with Next year EPS estimates of 5.71. For the next quarter, that number is 1.09. This implies an EPS growth rate of 28.15% for this year and 19.53% for next year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 30.85%.

Float and Shares Shorts:

At present, 48.68 million ONTO shares are outstanding with a float of 48.62 million shares on hand for trading. On Jan 11, 2024, short shares totaled 1.38 million, which was 2.81% higher than short shares on Dec 14, 2023. In addition to ONTO as the firm’s Onto Innovation Inc., ONCO serves as its Onconetix, Inc..

Institutional Ownership:

Through their ownership of 103.31% of ONTO’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ONTO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ONTO analysts setting a high price target of $195.00 and a low target of $145.00, the average target price over the next 12 months is $165.70. Based on these targets, ONTO could surge 18.35% to reach the target high and fall by -11.99% to reach the target low. Reaching the average price target will result in a growth of 0.57% from current levels.

Summary of Insider Activity:

Insiders traded ONTO stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 34 over the past year. The total number of shares bought during that period was 69,103 while 63,829 shares were sold.