Onto Innovation Stock Soars 49% in a Year: Will the Rally Continue?

Onto Innovation's (ONTO) shares have been performing well on the trading front, with a gain of 48.6% in the past year compared with the S&P 500 composite and sub-industry's growth of 23.5% and 44.1%, respectively. Closing at $192.97 as of yesterday's trading session, ONTO stock is currently trading 19.2% below its 52-week high of $238.93, attained on July 16, 2024. Solid financial performance has been aiding the stock's trajectory. ONTO outpaced estimates in each of the trailing four quarters, with the aver ...