On Holding AG (NYSE: ONON) is -12.63% lower on its value in year-to-date trading and has touched a low of $27.37 and a high of $64.05 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 $48.48 in the last trading session, with the day’s loss setting it -0.63%.
Currently trading at $47.85, the stock is -9.31% and -13.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.16 million and changing -1.30% at the moment leaves the stock -0.77% off its SMA200. ONON registered 39.71% gain for a year compared to 6-month gain of 3.19%.
The stock witnessed a -24.79% loss in the last 1 month and extending the period to 3 months gives it a -17.47%, and is -1.85% 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 4.84% over the week and 4.77% over the month.
On Holding AG (ONON) has around 2353 employees, a market worth around $15.47B and $2.45B in sales. Current P/E ratio is 109.55 and Fwd P/E is 46.53. Profit margin for the company is 5.87%. Distance from 52-week low is 74.83% and -25.29% 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 132.74% this year.
On Holding AG (ONON) Top Institutional Holders
The shares outstanding are 288.76M, and float is at 215.58M with Short Float at 7.12%.
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 2.2663 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 Jan 06 ’25, Marc Maurer (Officer) Proposed Sale 68,653 shares at an average price of $54.62 for $3.75 million. The insider now directly holds shares of On Holding AG (ONON).
