On Holding AG (NYSE: ONON) is 26.92% higher on its value in year-to-date trading and has touched a low of $21.12 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 $33.10 in the last trading session, with the day’s gains setting it 1.13%.
Currently trading at $34.23, the stock is 3.76% and 13.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.38 million and changing 3.41% at the moment leaves the stock 15.62% off its SMA200. ONON registered 58.40% gain for a year compared to 6-month gain of 13.08%. The firm has a 50-day simple moving average (SMA 50) of $5.90 and a 200-day simple moving average (SMA200) of $74.98.
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The stock witnessed a 7.84% loss in the last 1 month and extending the period to 3 months gives it a 10.85%, and is 11.72% 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 4.98% over the week and 4.01% over the month.
On Holding AG (ONON) has around 1701 employees, a market worth around $10.89B and $2.00B in sales. Current P/E ratio is 126.40 and Fwd P/E is 31.98. Profit margin for the company is 4.40%. Distance from 52-week low is 62.07% and -7.69% from its 52-week high. The company has generated returns on investments over the last 12 months (5.85%).
On Holding AG quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $561.73M over the same period.The EPS is expected to grow by 100.35% this year, but quarterly earnings will post 27.60% year-over-year. Quarterly sales are estimated to grow 18.10% in year-over-year returns.
On Holding AG (ONON) Top Institutional Holders
389 institutions hold shares in On Holding AG (ONON), with institutional investors hold 71.22% of the company’s shares. The shares outstanding are 281.98M, and float is at 187.60M with Short Float at 17.67%. Institutions hold 57.43% 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.
