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Onto Innovation Inc.’s Banking’s 100-Day Moving Average at 205.88: Will the Stock Break Through?

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The market performance of Onto Innovation Inc. has been somewhat stable. Over the past year, the company’s stock achieved a high of $238.93 on 07/16/24, with the lowest value for the same timeframe being $108.98, recorded on 10/31/23.

52-week price history of ONTO Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Onto Innovation Inc.’s current trading price is -10.56% away from its 52-week high, while its distance from the 52-week low is 96.08%. The stock’s price range during this period has fluctuated between $108.98 and $238.93. Shares of the company, which operates in the Technology sector, recorded a trading volume of around 0.68 million for the day, which was evidently higher than the average daily volume of 0.64 million over the last three months.

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Financial Performance and Market Capitalization

Onto Innovation Inc. (ONTO) has experienced a quarterly rise of 11.70% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.55B and boasts a workforce of 1497 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 205.88, with a change in price of -3.38. Similarly, Onto Innovation Inc. recorded 688,555 in trading volume during the last 100 days, posting a change of -1.56%.

ONTO Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ONTO stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.

ONTO Stock Stochastic Average

Onto Innovation Inc.’s raw stochastic average for the past 50 days is currently at 74.37%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 55.96%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 32.60% and 24.13%, respectively.

ONTO Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 39.76%.However, over the last six months, we can see a weaker performance of 15.20%. Over the last 30 days, the price of ONTO has fallen by 2.95%. And in the last five days, it has surged by 3.80%.

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