On24 Inc Stock Price on December 18, 2023

ONTF Stock  USD 6.68  0.19  2.93%   
If you're considering investing in ON24 Stock, it is important to understand the factors that can impact its price. As of today, the current price of ON24 stands at 6.68, as last reported on the 25th of December, with the highest price reaching 6.70 and the lowest price hitting 6.46 during the day. At this point, ON24 is somewhat reliable. ON24 Inc retains Efficiency (Sharpe Ratio) of 0.0645, which implies the firm had a 0.0645% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for ON24, which you can use to evaluate the volatility of the company. Please check ON24's market risk adjusted performance of 0.1246, and Standard Deviation of 2.09 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%.
  
At this time, ON24's Stock Based Compensation is most likely to increase significantly in the upcoming years. The ON24's current Stock Based Compensation To Revenue is estimated to increase to 0.29, while Liabilities And Stockholders Equity is projected to decrease to roughly 265.1 M. . The current Price To Sales Ratio is estimated to decrease to 2.04. The current Price Earnings Ratio is estimated to decrease to -7.13. ON24 Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0645

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Estimated Market Risk

 2.08
  actual daily
18
82% of assets are more volatile

Expected Return

 0.13
  actual daily
2
98% of assets have higher returns

Risk-Adjusted Return

 0.06
  actual daily
5
95% of assets perform better
Based on monthly moving average ON24 is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ON24 by adding it to a well-diversified portfolio.
Price Book
1.6394
Enterprise Value Ebitda
(1.79)
Price Sales
1.7933
Shares Float
26 M
Wall Street Target Price
7.6667

ON24 Main Headline on 18th of December 2023

Filed transaction by On24 Inc officer. General open market or private sale of non-derivative or derivative security

ON24 Valuation on December 18, 2023

It is possible to determine the worth of ON24 on a given historical date. On December 18, 2023 ON24 was worth 7.57 at the beginning of the trading date compared to the closed value of 7.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ON24 stock. Still, in general, we apply an absolute valuation method to find ON24's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ON24 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ON24's related companies.
 Open High Low Close Volume
  7.78    7.78    7.52    7.57    710,800  
12/18/2023
  7.57    7.61    7.45    7.54    316,200  
  7.62    7.77    7.60    7.67    384,200  
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Open Value
7.57
7.54
Closing Value
13.82
Upside

ON24 Trading Date Momentum on December 18, 2023

On December 19 2023 ON24 Inc was traded for  7.67  at the closing time. The top price for the day was 7.77  and the lowest listed price was  7.60 . The trading volume for the day was 384.2 K. The trading history from December 19, 2023 was a factor to the next trading day price rise. The trading delta at closing time against the next closing price was 1.72% . The trading delta at closing time against the current closing price is 6.10% .

ON24 Inc Fundamentals Correlations and Trends

By evaluating ON24's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ON24's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ON24 financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About ON24 Stock history

ON24 investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ON24 is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ON24 Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ON24 stock prices may prove useful in developing a viable investing in ON24
Last ReportedProjected for Next Year
Common Stock Shares Outstanding44.6 M49.4 M
Net Loss-52.4 M-49.8 M

ON24 Quarterly Net Working Capital

150.5 Million

ON24 Stock Technical Analysis

ON24 technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of ON24 technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ON24 trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

ON24 Period Price Range

Low
December 25, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

ON24 Inc cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

ON24 December 25, 2024 Market Strength

Market strength indicators help investors to evaluate how ON24 stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ON24 shares will generate the highest return on investment. By undertsting and applying ON24 stock market strength indicators, traders can identify ON24 Inc entry and exit signals to maximize returns

ON24 Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for ON24's price direction in advance. Along with the technical and fundamental analysis of ON24 Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ON24 to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

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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