ON24 Inc. (NYSE:ONTF) shares traded higher over the last trading session, gaining 3.12% on 06/10/21. The shares fell to a low of $33.55 before closing at $35.68. Intraday shares traded counted 0.66 million, which was -166.77% lower than its 30-day average trading volume of 246.95K. ONTF’s previous close was $34.60 while the outstanding shares total 32.62M. The stock’s Relative Strength Index (RSI) is 47.59, with weekly volatility at 5.00% and ATR at 2.07. The ONTF stock’s 52-week price range has touched low of $31.03 and a $81.98 high.
Investors have identified the Software – Application company ON24 Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.66 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
ON24 Inc. (ONTF) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ONTF, the company has in raw cash 388.94 million on their books with 2.48 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 457.44 million total, with 120.43 million as their total liabilities.
ONTF were able to record 3.18 million as free cash flow during the 09/01/2021 quarter of the year, this saw their quarterly net cash flow reduce by 330.7 million. In cash movements, the company had a total of 3.7 million as operating cash flow.
Potential earnings growth for ON24 Inc. (ONTF)
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 10.69 million trying to sell their products during the last quarter, with the result yielding a gross income of 39.41 million. This allows shareholders to hold on to 32.62M with the recently reported earning now reading -0.09 cents per share. This is a figure that compared to analyst’s prediction for their 09/01/2021 (-0.10 cents a share).
Having a look at the company’s valuation, the company is expected to record -1.39 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ONTF sounds very interesting.
Is the stock of ONTF attractive?
In related news, 10% Owner, GOLDMAN SACHS GROUP INC bought 25 shares of the company’s stock in a transaction that recorded on Apr 15. The purchase was performed at an average price of 45.19, for a total value of 1,130. As the purchase deal closes, the 10% Owner, GOLDMAN SACHS GROUP INC now sold 25 shares of the company’s stock, valued at 1,154. Also, 10% Owner, GOLDMAN SACHS GROUP INC bought 800 shares of the company’s stock in a deal that was recorded on Mar 05. The shares were cost at an average price of 48.95 per share, with a total market value of 39,160. Following this completion of disposal, the 10% Owner, GOLDMAN SACHS GROUP INC now holds 800 shares of the company’s stock, valued at 39,160. In the last 6 months, insiders have changed their ownership in shares of company stock by 18.80%.
7 out of 8 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on ON24 Inc.. 0 analysts has assigned a Sell rating on the ONTF stock. The 12-month mean consensus price target for the company’s shares has been set at $59.00.