Onto Innovation Inc (NYSE: ONTO) stock closed at $207.05 on 7/17/24 after a major decline of -13.0%. Moreover, this decline was accompanied by unusually high trading volume at 173% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -11.7% during the last week.
Current PriceTarget Research Rating
ONTO is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Onto Innovation has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Onto Innovation has a poor Appreciation Score of 24 but a very high Power Rating of 99, leading to the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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