On Holding AG (NYSE: ONON) is 22.69% 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 $32.02 in the last trading session, with the day’s gains setting it 1.07%.
Currently trading at $33.09, the stock is 2.71% and 12.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.53 million and changing 3.34% at the moment leaves the stock 12.54% off its SMA200. ONON registered 48.12% gain for a year compared to 6-month loss of 12.86%. The firm has a 50-day simple moving average (SMA 50) of $6.01 and a 200-day simple moving average (SMA200) of $67.42.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 18.73% gain in the last 1 month and extending the period to 3 months gives it a 19.93%, and is -4.50% down 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 3.18% over the week and 3.37% over the month.
On Holding AG (ONON) has around 1701 employees, a market worth around $10.53B and $1.87B in sales. Current P/E ratio is 118.69 and Fwd P/E is 42.53. Profit margin for the company is 4.84%. Distance from 52-week low is 66.32% and -10.76% 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 70.16% this year, but quarterly earnings will post 51.40% year-over-year.
On Holding AG (ONON) Top Institutional Holders
388 institutions hold shares in On Holding AG (ONON), with institutional investors hold 71.23% 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 57.44% 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.
