With 1.02 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.95 million shares. The 52-week range on ONTO shows that it touched its highest point at $238.93 and its lowest point at $122.48 during that stretch. It currently has a 1-year price target of $246.88. Beta for the stock currently stands at 1.45.
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 down-trending over the past week, with a drop of -8.01%, but this was down by -33.37% over a month. Three-month performance dropped to -24.50% while six-month performance fell -29.74%. The stock lost -36.64% in the past year, while it has lost -25.26% so far this year. A look at the trailing 12-month EPS for ONTO yields 4.06 with Next year EPS estimates of 7.82. For the next quarter, that number is 1.47. This implies an EPS growth rate of 18.84% for this year and 23.22% for next year. EPS is expected to grow by 17.67% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 129.63%.
Float and Shares Shorts:
At present, 49.24 million ONTO shares are outstanding with a float of 48.88 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ONTO since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $5.26677 being high and $5.19654 being low. For ONTO, this leads to a yearly average estimate of $5.23667. Based on analyst estimates, the high estimate for the next quarter is $1.77 and the low estimate is $1.46. The average estimate for the next quarter is thus $1.54.
