On24 Inc Stock Today

ONTF Stock  USD 6.24  0.11  1.79%   

Performance

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Odds Of Distress

Less than 20

 
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ON24 is trading at 6.24 as of the 13th of July 2024. This is a 1.79 percent increase since the beginning of the trading day. The stock's lowest day price was 6.14. ON24 has about a 20 % 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 13th of June 2024 and ending today, the 13th of July 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 41.87 M outstanding shares of which 419 K shares are now shorted by private and institutional investors with about 2.28 trading days to cover. More on ON24 Inc

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Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores

ON24 Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEOSharat Sharan
Business ConcentrationApplication Software, Software - Application, Information Technology, NYSE Composite, Information Technology, Software, Software—Application, Technology (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.120.584
Way Up
Slightly volatile
Gross Profit Margin0.580.7298
Significantly Down
Very volatile
Total Current Liabilities101.3 M96.1 M
Notably Up
Slightly volatile
Non Current Liabilities Total3.8 MM
Notably Down
Slightly volatile
Total Assets265.1 M280.3 M
Notably Down
Slightly volatile
Total Current Assets236.9 M241.4 M
Fairly Down
Slightly volatile
Debt Levels
ON24 can leverage 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.
Liquidity
ON24 Inc currently holds 5.39 M in liabilities with Debt to Equity (D/E) ratio of 0.03, which may suggest the company is not taking enough advantage from borrowing. ON24 Inc has a current ratio of 3.39, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about ON24's use of debt, we should always consider it together with its cash and equity.

Change In Cash

27.52 Million
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 261.24 M. ON24 Inc conducts business under Software sector and is part of Information Technology industry. The entity has 41.87 M outstanding shares of which 419 K shares are now shorted by private and institutional investors with about 2.28 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 Allocation
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.
Check ON24 Ownership Details

ON24 Stock Institutional Holders

InstituionRecorded OnShares
Jacobs Levy Equity Management, Inc.2024-03-31
587.3 K
Acadian Asset Management Llc2024-03-31
469.5 K
Circumference Group Llc2024-03-31
387.2 K
Horrell Capital Management, Inc.2024-03-31
387.2 K
Charles Schwab Investment Management Inc2024-03-31
285.3 K
Oak Hill Investment Management, L.p.2024-03-31
283.3 K
Northern Trust Corp2024-03-31
274 K
Palogic Value Management Lp2024-03-31
264.3 K
Los Angeles Capital Management Llc2024-03-31
244 K
Lynrock Lake Lp2024-03-31
7.3 M
Indaba Capital Management, Llc2024-03-31
4.2 M
View ON24 Diagnostics

ON24 Historical Income Statement

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 Fundamentals

ON24 Stock Against Markets

ON24 Corporate Management

Byron BardyVice President - of Corporate Development and Strategic AlliancesProfile
Denise PerssonIndependent DirectorProfile
James BlackieChief Revenue OfficerProfile
Steven LongChief OfficerProfile
William WeesnerCorporate CounselProfile
Thomas MasottoVP DevelProfile

Additional Information and Resources on Investing in ON24 Stock

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 closely tied with the direction of predictive economic indicators such as signals in estimate.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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
(1.05)
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.
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.