On Holding AG (NYSE: ONON) is 57.73% higher on its value in year-to-date trading and has touched a low of $23.41 and a high of $44.30 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 $42.73 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $42.54, the stock is 7.36% and 7.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.21 million and changing -0.44% at the moment leaves the stock 27.62% off its SMA200. ONON registered 40.30% gain for a year compared to 6-month gain of 31.66%.
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The stock witnessed a 6.03% loss in the last 1 month and extending the period to 3 months gives it a 16.10%, and is 5.74% 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 5.71% over the week and 4.57% over the month.
On Holding AG (ONON) has around 2353 employees, a market worth around $12.97B and $2.26B in sales. Current P/E ratio is 79.54 and Fwd P/E is 39.96. Profit margin for the company is 7.75%. Distance from 52-week low is 81.72% and -3.97% from its 52-week high. The company has generated returns on investments over the last 12 months (10.35%).
The EPS is expected to grow by 144.79% this year.
On Holding AG (ONON) Top Institutional Holders
The shares outstanding are 284.22M, and float is at 198.02M with Short Float at 15.20%.
The top institutional shareholder in the company is FMR LLC with over 28.42 million shares valued at $$1.01 billion. The investor’s holdings represent 8.915 of the ONON Shares outstanding. As of 2024-03-31, the second largest holder is MORGAN STANLEY with 21.34 million shares valued at $$755.11 million to account for 6.6946 of the shares outstanding. The other top investors are SELECT EQUITY GROUP, L.P. which holds 10.77 million shares representing 3.3777 and valued at over $$380.98 million, while AMERICAN CENTURY COMPANIES INC holds 2.4253 of the shares totaling 7.73 million with a market value of $$273.56 million.
