On Holding AG (NYSE: ONON) is 28.48% 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 $35.02 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $34.65, the stock is 12.62% and 19.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.01 million and changing -1.06% at the moment leaves the stock 18.26% off its SMA200. ONON registered 56.15% gain for a year compared to 6-month loss of 19.77%. The firm has a 50-day simple moving average (SMA 50) of $6.30 and a 200-day simple moving average (SMA200) of $70.67.
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The stock witnessed a 30.46% gain in the last 1 month and extending the period to 3 months gives it a 15.69%, and is 7.61% 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 3.09% over the week and 3.49% over the month.
On Holding AG (ONON) has around 1701 employees, a market worth around $11.02B and $1.87B in sales. Current P/E ratio is 124.28 and Fwd P/E is 44.75. Profit margin for the company is 4.84%. Distance from 52-week low is 74.16% and -6.55% 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 70.92% this year, but quarterly earnings will post 50.30% year-over-year.
On Holding AG (ONON) Top Institutional Holders
388 institutions hold shares in On Holding AG (ONON), with institutional investors hold 71.14% of the company’s shares. The shares outstanding are 281.98M, and float is at 187.60M with Short Float at 17.68%. Institutions hold 57.37% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 28.36 million shares valued at $982.63 million. The investor’s holdings represent 10.00% of the ONON Shares outstanding. As of Dec 30, 2023, the second largest holder is Morgan Stanley with 17.76 million shares valued at $615.49 million to account for 6.26% of the shares outstanding. The other top investors are American Century Companies Inc which holds 10.16 million shares representing 3.58% and valued at over $352.15 million, while Select Equity Group, Inc. holds 3.21% of the shares totaling 9.11 million with a market value of $315.72 million.
