ON24 Inc (ONTF) saw an uptrend of 37.54% in the recent trading with $8.06 being its most recent. The current price level 14.57% lower than the highest price of $7.03 marked by the stock while trading over the past 52-weeks, whereas it is 85.20% higher than the lowest price of $4.35 the company dropped to over past 52-weeks. The latest news story on ONTF appeared in (StockStory) under the title “Why Is ON24 (ONTF) Stock Rocketing Higher Today”.
Squeezing the time span to 30 day period shows us the stock is currently trading -0.49% below one month high and is +44.70% above of the lowest during that time. Looking into the simple moving average, ON24 Inc (ONTF)’s stock stands at a SMA-50 of $5.65 while that of 5-day is reading $6.27.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and ONTF’s SMA-200 as of now is $5.38.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.00 for the stock.
ON24 Inc Earnings – What Happened With ONTF
Coming around sales and income figures on ONTF Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. ON24 Inc (ONTF) last released financial results for the quarter that ended 12/31/2024, posting a surprise factor of 282.90% for net revenue.
ONTF – ON24 Inc Stock Earnings Estimates
The perspective of ON24 Inc (NYSE:ONTF)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.02 for stock’s EPS in the current quarter. ON24 Inc (ONTF) last released financial results for the quarter that ended 12/31/2024, posting a surprise factor of 282.90% for net revenue. Company’s EPS for the last quarter was 0.06.
ON24 Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 42.64 million. ONTF does have institutional investors; and they hold 74.35% of the stock.
As on 2024-06-30, LYNROCK LAKE LP was the top most holder in ON24 Inc (NYSE:ONTF) with an ownership of 7.33 million shares of the company or 17.7417 of the stake worth $44.05 million. The filing also reveals INDABA CAPITAL MANAGEMENT, L.P. as the second largest holder in the company with a control over 10.2636 of the outstanding shares. Its stake is worth $25.48 million for having 4.24 million shares in hand.
VANGUARD GROUP INC also came holding a key position in the company during the recent quarter and it now holds 6.4679 of the outstanding shares. With this there are now 141.0 institutions which have possession in ONTF’s shares.
Key Metrics for ONTF
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, ON24 Inc has a debt to equity ratio of 0.01.
Technical Analysis of ON24 Inc (NYSE:ONTF) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for ON24 Inc (ONTF), we notice that the stock’s 20-day average volume is at 297,670 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 222,382 shares. And to end, ONTF’s 100-day average volume is 182,612 shares with 100% of the long-term indicators pointing towards Buy for the stock.
