On Holding AG (NYSE: ONON) is 97.81% higher on its value in year-to-date trading and has touched a low of $24.15 and a high of $56.44 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 $52.71 in the last trading session, with the day’s gains setting it 0.64%.
Currently trading at $53.35, the stock is 7.87% and 7.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.6 million and changing 1.21% at the moment leaves the stock 33.79% off its SMA200. ONON registered 107.99% gain for a year compared to 6-month gain of 45.61%. The firm has a 50-day simple moving average (SMA 50) of $49.2366 and a 200-day simple moving average (SMA200) of $39.7427.
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The stock witnessed a 8.59% loss in the last 1 month and extending the period to 3 months gives it a 25.41%, and is 5.90% 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 5.25% over the week and 3.99% over the month.
On Holding AG (ONON) has around 2353 employees, a market worth around $17.08B and $2.45B in sales. Current P/E ratio is 122.14 and Fwd P/E is 49.37. Profit margin for the company is 5.87%. Distance from 52-week low is 120.91% and -5.47% from its 52-week high. The company has generated returns on investments over the last 12 months (7.83%).
The EPS is expected to grow by 137.86% this year
The shares outstanding are 284.22M, and float is at 209.41M with Short Float at 10.79%.
The top institutional shareholder in the company is FMR LLC with over 28.42 million shares valued at $1.1 billion. The investor’s holdings represent 8.8212 of the ONON Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 19.64 million shares valued at $761.89 million to account for 6.0946 of the shares outstanding. The other top investors are ALLIANCEBERNSTEIN L.P. which holds 11.18 million shares representing 3.4685 and valued at over $433.6 million, while SELECT EQUITY GROUP, L.P. holds 2.3023 of the shares totaling 7.42 million with a market value of $287.81 million.
On Holding AG (ONON) Insider Activity
Still, SEC filings show that on Oct 01 ’24, Martin Hoffman (Officer) Proposed Sale 341,815 shares at an average price of $50.15 for $17.14 million. The insider now directly holds shares of On Holding AG (ONON).
