On24 Inc Stock Today
| ONTF Stock | USD 6.74 0.08 1.20% |
Performance0 of 100
| Odds Of DistressLess than 21
|
ON24 is trading at 6.74 as of the 28th of April 2024. This is a 1.20 percent increase since the beginning of the trading day. The stock's lowest day price was 6.67. ON24 has about a 21 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for ON24 Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of March 2024 and ending today, the 28th of April 2024. Click here to learn more.
Business Domain Software & Services | IPO Date 3rd of February 2021 | Category Technology | Classification Information Technology |
ON24, Inc. provides a cloud-based digital experience platform that enables businesses to convert customer engagement into revenue through interactive webinar, virtual event, and multimedia content experiences worldwide. The company was incorporated in 1998 and is headquartered in San Francisco, California. The company has 41.67 M outstanding shares of which 701.21 K shares are now shorted by private and institutional investors with about 3.89 trading days to cover. More on ON24 Inc
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Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
ON24 Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. ON24's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ON24 or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Sharat Sharan | ||||
| Business Concentration | Application Software, Software - Application, Information Technology, NYSE Composite, Information Technology, Software, Software—Application, Technology (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering ON24 report their recommendations after researching ON24's financial statements, talking to executives and customers, or listening in on ON24's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering ON24 Inc. The ON24 consensus assessment is calculated by taking the average forecast from all of the analysts covering ON24. | |||||
ON24's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to ON24's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand ON24's financial leverage. It provides some insight into what part of ON24's total assets is financed by creditors.
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ON24 Inc (ONTF) is traded on New York Stock Exchange in USA. It is located in 50 Beale Street, San Francisco, CA, United States, 94105 and employs 462 people. ON24 is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 280.88 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ON24's market, we take the total number of its shares issued and multiply it by ON24's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. ON24 Inc conducts business under Software sector and is part of Information Technology industry. The entity has 41.67 M outstanding shares of which 701.21 K shares are now shorted by private and institutional investors with about 3.89 trading days to cover.
ON24 Inc currently holds about 344.87 M in cash with (12.2 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.26, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check ON24 Probability Of Bankruptcy
Ownership AllocationON24 Inc secures a total of 41.67 Million outstanding shares. The majority of ON24 Inc outstanding shares are owned by institutions. These other corporate entities are usually referred to as non-private investors looking to secure positions in ON24 Inc to benefit from reduced commissions. Thereupon, outside corporations are subject to a different set of regulations than regular investors in ON24 Inc. Please pay attention to any change in the institutional holdings of ON24 as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company retains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check ON24 Ownership Details
ON24 Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of ON24 jumping above the current price in 90 days from now is about 81.06%. The ON24 Inc probability density function shows the probability of ON24 stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.9222. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ON24 will likely underperform. Additionally, oN24 Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of ON24 to move above the current price in 90 days from now is about 81.06 (This ON24 Inc probability density function shows the probability of ON24 Stock to fall within a particular range of prices over 90 days) .
ON24 Stock Institutional Holders
Institutional Holdings refers to the ownership stake in ON24 that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ON24's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ON24's value.| Instituion | Recorded On | Shares | |
| Renaissance Technologies Corp | 2023-12-31 | 678.5 K | |
| Jacobs Levy Equity Management, Inc. | 2023-09-30 | 542.3 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 461.8 K | |
| Northern Trust Corp | 2023-12-31 | 293.6 K | |
| Circumference Group Llc | 292.2 K | ||
| Horrell Capital Management, Inc. | 2023-12-31 | 292.2 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 287.8 K | |
| Oak Hill Investment Management, L.p. | 2023-09-30 | 283.3 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 270.8 K | |
| Lynrock Lake Lp | 2023-12-31 | 7.3 M | |
| Indaba Capital Management, Llc | 2023-12-31 | 4.2 M |
ON24 Historical Income Statement
ON24 Inc Income Statement is one of the three primary financial statements used for reporting ON24's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of ON24 Inc revenue and expense. ON24 Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, ON24's Depreciation And Amortization is most likely to increase significantly in the upcoming years. The ON24's current Gross Profit is estimated to increase to about 120.5 M, while Selling General Administrative is projected to decrease to roughly 33.7 M. View More FundamentalsON24 Stock Against Markets
Picking the right benchmark for ON24 stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ON24 stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ON24 is critical whether you are bullish or bearish towards ON24 Inc at a given time. Please also check how ON24's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in ON24 without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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ON24 Corporate Management
Elected by the shareholders, the ON24's board of directors comprises two types of representatives: ON24 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ON24. The board's role is to monitor ON24's management team and ensure that shareholders' interests are well served. ON24's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ON24's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Byron Bardy | Vice President - of Corporate Development and Strategic Alliances | Profile | |
| Denise Persson | Independent Director | Profile | |
| James Blackie | Chief Revenue Officer | Profile | |
| Steven Long | Chief Officer | Profile | |
| William Weesner | Corporate Counsel | Profile | |
| Thomas Masotto | VP Devel | Profile |
How to buy ON24 Stock?
Before investing in ON24, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in ON24. To buy ON24 stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ON24. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase ON24 stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ON24 Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased ON24 Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as ON24 Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy ON24 Stock please use our How to Invest in ON24 guide.
Already Invested in ON24 Inc?
The danger of trading ON24 Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ON24 is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ON24. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ON24 Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ON24 Inc is a strong investment it is important to analyze ON24's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ON24's future performance. For an informed investment choice regarding ON24 Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ON24 Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for ON24 Stock analysis
When running ON24's price analysis, check to measure ON24's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ON24 is operating at the current time. Most of ON24's value examination focuses on studying past and present price action to predict the probability of ON24's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ON24's price. Additionally, you may evaluate how the addition of ON24 to your portfolios can decrease your overall portfolio volatility.
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Is ON24's industry 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 ON24. If investors know ON24 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 ON24 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.16) | Revenue Per Share 3.667 | Quarterly Revenue Growth (0.15) | Return On Assets (0.1) | Return On Equity (0.21) |
The market value of ON24 Inc is measured differently than its book value, which is the value of ON24 that is recorded on the company's balance sheet. Investors also form their own opinion of ON24's value that differs from its market value or its book value, called intrinsic value, which is ON24'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 ON24's market value can be influenced by many factors that don't directly affect ON24'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 ON24's value and its price as these two are different measures arrived at by different means. Investors typically determine if ON24 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ON24'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.