On Holding AG (ONON) Stock Could Soon Reward Patient Investors

On Holding AG (NYSE: ONON) is 9.38% higher on its value in year-to-date trading and has touched a low of $19.90 and a high of $37.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ONON stock was last observed hovering at around $28.57 in the last trading session, with the day’s gains setting it 0.93%.

Currently trading at $29.50, the stock is 7.17% and 4.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.98 million and changing 3.26% at the moment leaves the stock 0.50% off its SMA200. ONON registered 37.72% gain for a year compared to 6-month loss of -17.39%. The firm has a 50-day simple moving average (SMA 50) of $5.34 and a 200-day simple moving average (SMA200) of $59.92.

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The stock witnessed a 2.75% gain in the last 1 month and extending the period to 3 months gives it a 4.54%, and is 6.50% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.50% over the week and 3.80% over the month.

Current P/E ratio is 105.81 and Fwd P/E is 36.95. Profit margin for the company is 4.84%. Distance from 52-week low is 48.28% and -20.44% from its 52-week high. The company has generated returns on investments over the last 12 months (6.38%).

On Holding AG quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 74.43% this year, but quarterly earnings will post 51.40% year-over-year.

On Holding AG (ONON) Top Institutional Holders

396 institutions hold shares in On Holding AG (ONON), with institutional investors hold 66.31% of the company’s shares. The shares outstanding are 281.98M, and float is at 185.84M with Short Float at 18.02%. Institutions hold 49.09% of the Float.

The top institutional shareholder in the company is FMR, LLC with over 28.28 million shares valued at $933.28 million. The investor’s holdings represent 9.98% of the ONON Shares outstanding. As of Jun 29, 2023, the second largest holder is Jennison Associates LLC with 7.33 million shares valued at $241.97 million to account for 2.59% of the shares outstanding. The other top investors are Macquarie Group Limited which holds 5.01 million shares representing 1.77% and valued at over $165.24 million, while Morgan Stanley holds 1.63% of the shares totaling 4.63 million with a market value of $152.91 million.