Onto Innovation Stock Price Prediction
| ONTO Stock | USD 166.29 0.21 0.13% |
Oversold Vs Overbought
34
Oversold | Overbought |
Quarterly Earnings Growth 0.466 | EPS Estimate Next Quarter 1.41 | EPS Estimate Current Year 5.2363 | EPS Estimate Next Year 6.6913 | Wall Street Target Price 255.1244 |
Using Onto Innovation hype-based prediction, you can estimate the value of Onto Innovation from the perspective of Onto Innovation response to recently generated media hype and the effects of current headlines on its competitors.
Onto Innovation Hype to Price Pattern
Investor biases related to Onto Innovation's public news can be used to forecast risks associated with an investment in Onto. The trend in average sentiment can be used to explain how an investor holding Onto can time the market purely based on public headlines and social activities around Onto Innovation. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Onto Innovation's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Onto Innovation.
The fear of missing out, i.e., FOMO, can cause potential investors in Onto Innovation to buy its stock at a price that has no basis in reality. In that case, they are not buying Onto because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Onto Innovation after-hype prediction price | USD 162.86 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Onto |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Onto Innovation's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Onto Innovation After-Hype Price Prediction Density Analysis
As far as predicting the price of Onto Innovation at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Onto Innovation or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Onto Innovation, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Onto Innovation Estimiated After-Hype Price Volatility
In the context of predicting Onto Innovation's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Onto Innovation's historical news coverage. Onto Innovation's after-hype downside and upside margins for the prediction period are 159.12 and 166.60, respectively. We have considered Onto Innovation's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Onto Innovation is very steady at this time. Analysis and calculation of next after-hype price of Onto Innovation is based on 3 months time horizon.
Onto Innovation Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Onto Innovation is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Onto Innovation backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Onto Innovation, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.30 | 3.74 | 3.43 | 0.02 | 8 Events / Month | 11 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
166.29 | 162.86 | 2.06 |
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Onto Innovation Hype Timeline
Onto Innovation is now traded for 166.29. The entity has historical hype elasticity of -3.43, and average elasticity to hype of competition of -0.02. Onto is anticipated to decline in value after the next headline, with the price expected to drop to 162.86. The average volatility of media hype impact on the company price is about 32.72%. The price decrease on the next news is expected to be -2.06%, whereas the daily expected return is now at -0.3%. The volatility of related hype on Onto Innovation is about 5342.86%, with the expected price after the next announcement by competition of 166.27. About 98.0% of the company shares are owned by institutional investors. The book value of Onto Innovation was now reported as 38.54. The company has Price/Earnings To Growth (PEG) ratio of 0.83. Onto Innovation had not issued any dividends in recent years. The entity had 0.80667:1 split on the 28th of October 2019. Given the investment horizon of 90 days the next anticipated press release will be in about 8 days. Check out Onto Innovation Basic Forecasting Models to cross-verify your projections.Onto Innovation Related Hype Analysis
Having access to credible news sources related to Onto Innovation's direct competition is more important than ever and may enhance your ability to predict Onto Innovation's future price movements. Getting to know how Onto Innovation's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Onto Innovation may potentially react to the hype associated with one of its peers.
Onto Innovation Additional Predictive Modules
Most predictive techniques to examine Onto price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Onto using various technical indicators. When you analyze Onto charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Onto Innovation Predictive Indicators
The successful prediction of Onto Innovation stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Onto Innovation, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Onto Innovation based on analysis of Onto Innovation hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Onto Innovation's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Onto Innovation's related companies. | 2019 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 147.55 | 87.65 | 100.8 | 107.38 | PTB Ratio | 0.86 | 2.11 | 1.9 | 1.49 |
Story Coverage note for Onto Innovation
The number of cover stories for Onto Innovation depends on current market conditions and Onto Innovation's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Onto Innovation is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Onto Innovation's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Onto Innovation Short Properties
Onto Innovation's future price predictability will typically decrease when Onto Innovation's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Onto Innovation often depends not only on the future outlook of the potential Onto Innovation's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Onto Innovation's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 49.3 M | |
| Cash And Short Term Investments | 697.8 M |
Check out Onto Innovation Basic Forecasting Models to cross-verify your projections. To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Onto Innovation. If investors know Onto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Onto Innovation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.466 | Earnings Share 3.71 | Revenue Per Share 19.124 | Quarterly Revenue Growth 0.217 | Return On Assets 0.055 |
The market value of Onto Innovation is measured differently than its book value, which is the value of Onto that is recorded on the company's balance sheet. Investors also form their own opinion of Onto Innovation's value that differs from its market value or its book value, called intrinsic value, which is Onto Innovation's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Onto Innovation's market value can be influenced by many factors that don't directly affect Onto Innovation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Onto Innovation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Onto Innovation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Onto Innovation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.