On Holding AG (NYSE: ONON) is 114.61% higher on its value in year-to-date trading and has touched a low of $25.78 and a high of $60.12 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 $57.30 in the last trading session, with the day’s gains setting it 0.58%.
Currently trading at $57.88, the stock is 1.46% and 9.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.47 million and changing 1.01% at the moment leaves the stock 35.90% off its SMA200. ONON registered 89.46% gain for a year compared to 6-month gain of 39.03%. The firm has a 50-day simple moving average (SMA 50) of $52.5032 and a 200-day simple moving average (SMA200) of $42.47455.
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The stock witnessed a 8.49% loss in the last 1 month and extending the period to 3 months gives it a 17.52%, and is 5.20% 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 3.22% over the week and 3.32% over the month.
On Holding AG (ONON) has around 2353 employees, a market worth around $18.43B and $2.45B in sales. Current P/E ratio is 132.51 and Fwd P/E is 54.47. Profit margin for the company is 5.87%. Distance from 52-week low is 124.52% and -3.73% 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 136.56% this year.
On Holding AG (ONON) Top Institutional Holders
The shares outstanding are 288.76M, and float is at 213.21M with Short Float at 9.40%.
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
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Still, SEC filings show that on Oct 01 ’24, Olivier Bernhard (Other: Co-Founder) Proposed Sale 841,900 shares at an average price of $50.15 for $42.22 million. The insider now directly holds shares of On Holding AG (ONON).
