On Holding AG (NYSE: ONON) is -0.27% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ONON stock was last observed hovering at around $56.62 in the last trading session, with the day’s loss setting it -2.0%.
Currently trading at $54.62, the stock is -2.83% and 0.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.75 million and changing -3.53% at the moment leaves the stock 23.95% off its SMA200. ONON registered 107.92% gain for a year compared to 6-month gain of 44.00%. The firm has a 50-day simple moving average (SMA 50) of $54.1488 and a 200-day simple moving average (SMA200) of $43.9665.
The stock witnessed a -7.42% loss in the last 1 month and extending the period to 3 months gives it a 5.63%, and is -1.82% 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 3.12% over the week and 3.37% over the month.
On Holding AG (ONON) has around 2353 employees, a market worth around $17.88B and $2.45B in sales. Current P/E ratio is 125.05 and Fwd P/E is 52.78. Profit margin for the company is 5.87%. Distance from 52-week low is 111.87% and -9.15% 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 137.06% 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 9.06%.
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 Dec 30 ’24, Caspar Coppetti (Other:Co-Founder) Proposed Sale 382,200 shares at an average price of $55.63 for $21.26 million. The insider now directly holds shares of On Holding AG (ONON).
