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 Hold
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Inapplicable | 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 73.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.53. 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 1.05. 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:
| ON24 Inc generated a negative expected return over the last 90 days | |
| 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 73.0% of the company shares are owned by institutional investors | |
| Latest headline from businesswire.com: ON24 to Participate in the Upcoming Baird 2024 Global Consumer, Technology Services Conference |
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 | |||
|---|---|---|---|---|---|---|---|
2022-08-09 | 2022-06-30 | -0.16 | -0.14 | 0.02 | 12 | ||
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 | ||
2024-02-22 | 2023-12-31 | 0.02 | 0.06 | 0.04 | 200 | ||
2021-05-12 | 2021-03-31 | 0.01 | 0.05 | 0.04 | 400 |
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. | 2024-03-31 | 587.3 K | Acadian Asset Management Llc | 2024-03-31 | 469.5 K | Goldman Sachs Group Inc | 2023-12-31 | 461.8 K | Circumference Group Llc | 2024-03-31 | 387.2 K | Northern Trust Corp | 2023-12-31 | 293.6 K | Horrell Capital Management, Inc. | 2023-12-31 | 292.2 K | Charles Schwab Investment Management Inc | 2024-03-31 | 285.3 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 270.8 K | Palogic Value Management Lp | 2024-03-31 | 264.3 K | Lynrock Lake Lp | 2024-03-31 | 7.3 M | Indaba Capital Management, Llc | 2024-03-31 | 4.2 M |
ON24's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 248.68 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.Market Cap |
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ON24's profitablity analysis
ON24's profitability indicators refer to fundamental financial ratios that showcase ON24's ability to generate income relative to its revenue or operating costs. If, let's say, ON24 is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, ON24's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of ON24's profitability requires more research than a typical breakdown of ON24's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| 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
The data published in ON24's official financial statements usually reflect ON24's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of ON24 Inc. For example, before you start analyzing numbers published by ON24 accountants, it's critical to develop an understanding of what ON24's liquidity, profitability, and earnings quality are in the context of the Software space in which it operates.
Please note, the presentation of ON24's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, ON24's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in ON24's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of ON24 Inc. Please utilize our Beneish M Score to check the likelihood of ON24's management manipulating its earnings.
Evaluate ON24's management efficiency
ON24 Inc has return on total asset (ROA) of (0.0904) % which means that it has lost $0.0904 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.193) %, 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 Intangible Assets are most likely to decrease significantly in the upcoming years. The ON24's current Asset Turnover is estimated to increase to 1.12, while Non Current Assets Total are projected to decrease to roughly 28.2 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 4.04 | 2.25 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 4.01 | 2.24 | |
| Enterprise Value Over EBITDA | (9.16) | (9.62) | |
| Price Book Value Ratio | 1.95 | 1.85 | |
| Enterprise Value Multiple | (9.16) | (9.62) | |
| Price Fair Value | 1.95 | 1.85 | |
| Enterprise Value | 304 M | 288.8 M |
The analysis of ON24's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze ON24's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of ON24 Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 0.499 |
Basic technical analysis of ON24 Stock
As of the 3rd of June, ON24 owns the market risk adjusted performance of (0.25), and Information Ratio of (0.14). 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. Strictly speaking, you can use this information to find out if the company will indeed mirror its model of historical prices and volume patterns, or the prices will eventually revert. We were able to interpolate and analyze data for thirteen technical drivers for ON24, which can be compared to its peers in the sector. Please check ON24 Inc risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if ON24 Inc is priced fairly, providing market reflects its prevailing price of 5.94 per share. Given that ON24 Inc has information ratio of (0.14), 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.
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 | (0.07) | |||
| Market Risk Adjusted Performance | (0.25) | |||
| Mean Deviation | 1.51 | |||
| Coefficient Of Variation | (871.13) | |||
| Standard Deviation | 1.91 | |||
| Variance | 3.66 | |||
| Information Ratio | (0.14) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.26) | |||
| Maximum Drawdown | 8.36 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 3.16 | |||
| Skewness | (0.05) | |||
| Kurtosis | (0.1) |
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | (0.25) | |||
| Mean Deviation | 1.51 | |||
| Coefficient Of Variation | (871.13) | |||
| Standard Deviation | 1.91 | |||
| Variance | 3.66 | |||
| Information Ratio | (0.14) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.26) | |||
| Maximum Drawdown | 8.36 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 3.16 | |||
| Skewness | (0.05) | |||
| Kurtosis | (0.1) |
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.
ON24 Corporate Filings
F4 | 22nd of May 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 |
10Q | 8th of May 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 7th of May 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 25th of April 2024 Other Reports | 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.
Be your own money manager
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?
To provide specific investment advice or recommendations on ON24 Inc stock, we recommend investors consider the following general factors when evaluating ON24 Inc. This will help you to make an informed decision on whether to include ON24 in one of your diversified portfolios:- 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.
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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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 (1.05) | Revenue Per Share 3.671 | Quarterly Revenue Growth (0.12) | Return On Assets (0.09) | Return On Equity (0.19) |
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.