Is ON24 Stock a Good Investment?
ON24 Investment Advice | ONTF |
- Examine ON24's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research ON24's leadership team and their track record. Good management can help ON24 navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Application Software space and any emerging trends that could impact ON24's business and its evolving consumer preferences.
- Compare ON24's performance and market position to its competitors. Analyze how ON24 is positioned in terms of product offerings, innovation, and market share.
- Check if ON24 pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about ON24's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in ON24 Inc stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if ON24 Inc is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Insignificant | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine ON24 Stock
Researching ON24's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 71.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.66. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. ON24 Inc recorded a loss per share of 1.04. The entity last dividend was issued on the 19th of May 2023.
To determine if ON24 is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding ON24's research are outlined below:
| The company reported the previous year's revenue of 163.71 M. Net Loss for the year was (51.79 M) with profit before overhead, payroll, taxes, and interest of 138.48 M. | |
| 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. | |
| ON24 Inc has a frail financial position based on the latest SEC disclosures | |
| Roughly 71.0% of the company shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Acquisition by Barry Zwarenstein of 30198 shares of ON24 subject to Rule 16b-3 |
ON24 uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in ON24 Inc. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to ON24's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact ON24's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises ON24's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-08-06 | 2024-06-30 | 0.01 | 0.03 | 0.02 | 200 | ||
2022-08-09 | 2022-06-30 | -0.16 | -0.14 | 0.02 | 12 | ||
2024-11-07 | 2024-09-30 | -0.0007 | 0.02 | 0.0207 | 2957 | ||
2024-05-07 | 2024-03-31 | -0.01 | 0.02 | 0.03 | 300 | ||
2023-05-09 | 2023-03-31 | -0.07 | -0.04 | 0.03 | 42 | ||
2022-05-10 | 2022-03-31 | -0.16 | -0.13 | 0.03 | 18 | ||
2021-08-10 | 2021-06-30 | 0.0016 | 0.04 | 0.0384 | 2400 | ||
2023-11-07 | 2023-09-30 | -0.0086 | 0.03 | 0.0386 | 448 |
Know ON24's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as ON24 is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading ON24 Inc backward and forwards among themselves. ON24's institutional investor refers to the entity that pools money to purchase ON24's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Jacobs Levy Equity Management, Inc. | 2024-09-30 | 375 K | Circumference Group Llc | 2024-09-30 | 340.2 K | Horrell Capital Management, Inc. | 2024-09-30 | 340.2 K | Palogic Value Management Lp | 2024-09-30 | 331.8 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 297.7 K | Oak Hill Investment Management, L.p. | 2024-09-30 | 283.3 K | Charles Schwab Investment Management Inc | 2024-09-30 | 282.9 K | Northern Trust Corp | 2024-09-30 | 267 K | Acadian Asset Management Llc | 2024-06-30 | 251.7 K | Lynrock Lake Lp | 2024-09-30 | 7.3 M | Indaba Capital Management, Llc | 2024-06-30 | 4.2 M |
ON24's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 274.06 M.Market Cap |
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ON24's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.19) | (0.19) | |
| Return On Capital Employed | (0.29) | (0.28) | |
| Return On Assets | (0.18) | (0.19) | |
| Return On Equity | (0.29) | (0.27) |
Determining ON24's profitability involves analyzing its financial statements and using various financial metrics to determine if ON24 is a good buy. For example, gross profit margin measures ON24's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of ON24's profitability and make more informed investment decisions.
ON24's Earnings Breakdown by Geography
Evaluate ON24's management efficiency
ON24 Inc has return on total asset (ROA) of (0.1126) % which means that it has lost $0.1126 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.2415) %, meaning that it created substantial loss on money invested by shareholders. ON24's management efficiency ratios could be used to measure how well ON24 manages its routine affairs as well as how well it operates its assets and liabilities. The current Return On Tangible Assets is estimated to decrease to -0.19. The ON24's current Return On Capital Employed is estimated to increase to -0.28. At this time, ON24's Asset Turnover is most likely to slightly decrease in the upcoming years.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 4.04 | 2.25 | |
| Tangible Book Value Per Share | 4.01 | 2.24 | |
| Enterprise Value Over EBITDA | (6.70) | (7.04) | |
| Price Book Value Ratio | 1.95 | 1.85 | |
| Enterprise Value Multiple | (6.70) | (7.04) | |
| Price Fair Value | 1.95 | 1.85 | |
| Enterprise Value | 304 M | 288.8 M |
Understanding the operational decisions made by ON24 management offers insights into its financial robustness. This evaluation is crucial for assessing the stock's investment potential.
Beta 0.476 |
Basic technical analysis of ON24 Stock
As of the 29th of November, ON24 owns the market risk adjusted performance of 0.0387, and Standard Deviation of 2.22. In respect to fundamental indicators, the technical analysis model allows you to check possible technical drivers of ON24 Inc, as well as the relationship between them. Please check ON24 Inc coefficient of variation, as well as the relationship between the treynor ratio and semi variance to decide if ON24 Inc is priced fairly, providing market reflects its prevailing price of 6.61 per share. Given that ON24 Inc has jensen alpha of (0.15), we recommend you to check out ON24's latest market performance to make sure the company can sustain itself in the future.ON24's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific ON24 insiders, such as employees or executives, is commonly permitted as long as it does not rely on ON24's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases ON24 insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
ON24's Outstanding Corporate Bonds
ON24 issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. ON24 Inc uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most ON24 bonds can be classified according to their maturity, which is the date when ON24 Inc has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Understand ON24's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing ON24's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0269 | |||
| Market Risk Adjusted Performance | 0.0387 | |||
| Mean Deviation | 1.67 | |||
| Semi Deviation | 1.98 | |||
| Downside Deviation | 2.09 | |||
| Coefficient Of Variation | 3761.39 | |||
| Standard Deviation | 2.22 | |||
| Variance | 4.94 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0287 | |||
| Maximum Drawdown | 11.36 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.04 | |||
| Downside Variance | 4.39 | |||
| Semi Variance | 3.94 | |||
| Expected Short fall | (1.84) | |||
| Skewness | 0.5359 | |||
| Kurtosis | 2.13 |
| Risk Adjusted Performance | 0.0269 | |||
| Market Risk Adjusted Performance | 0.0387 | |||
| Mean Deviation | 1.67 | |||
| Semi Deviation | 1.98 | |||
| Downside Deviation | 2.09 | |||
| Coefficient Of Variation | 3761.39 | |||
| Standard Deviation | 2.22 | |||
| Variance | 4.94 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0287 | |||
| Maximum Drawdown | 11.36 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.04 | |||
| Downside Variance | 4.39 | |||
| Semi Variance | 3.94 | |||
| Expected Short fall | (1.84) | |||
| Skewness | 0.5359 | |||
| Kurtosis | 2.13 |
Consider ON24's intraday indicators
ON24 intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of ON24 stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 1104.9 | |||
| Daily Balance Of Power | 0.3 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 6.64 | |||
| Day Typical Price | 6.63 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | 0.03 |
ON24 Corporate Filings
F4 | 26th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 7th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
10Q | 8th of August 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
ON24 Stock media impact
Far too much social signal, news, headlines, and media speculation about ON24 that are available to investors today. That information is available publicly through ON24 media outlets and privately through word of mouth or via ON24 internal channels. However, regardless of the origin, that massive amount of ON24 data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of ON24 news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of ON24 relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to ON24's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive ON24 alpha.
ON24 Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards ON24 can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
ON24 Corporate Management
| Mark Bornstein | VP Evangelist | Profile | |
| Byron Bardy | Vice President - of Corporate Development and Strategic Alliances | Profile | |
| Tessa Barron | Senior Marketing | Profile | |
| William Weesner | Corporate Counsel | Profile | |
| William JD | Corporate Counsel | Profile | |
| Thomas Masotto | VP Devel | Profile |
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 closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Application Software 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 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 (1.04) | Revenue Per Share 3.615 | Quarterly Revenue Growth (0.07) | Return On Assets (0.11) | Return On Equity (0.24) |
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.
In summary, please note that there is a difference between ON24's value and its price, as these two are different measures arrived at by various 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.