On Holding AG [NYSE: ONON] jumped around 0.83 points on Wednesday, while shares priced at $42.65 at the close of the session, up 1.98%.
Compared to the average trading volume of 5.62M shares, ONON reached a trading volume of 5204354 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about On Holding AG [ONON]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ONON shares is $40.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ONON stock is a recommendation set at 1.55. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Truist have made an estimate for On Holding AG shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 28, 2024. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $37 to $40. The new note on the price target was released on May 15, 2024, representing the official price target for On Holding AG stock.
The Average True Range (ATR) for On Holding AG is set at 1.60, with the Price to Sales ratio for ONON stock in the period of the last 12 months amounting to 6.10. The Price to Book ratio for the last quarter was 10.37, with the Price to Cash per share for the same quarter was set at 2.14. Price to Free Cash Flow for ONON in the course of the last twelve months was 43.57 with Quick ratio for the last quarter at 2.43.
How has ONON stock performed recently?
On Holding AG [ONON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.31. With this latest performance, ONON shares gained by 30.79% in over the last four-week period, additionally plugging by 51.19% over the last 6 months – not to mention a rise of 55.37% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ONON stock in for the last two-week period is set at 75.79, with the RSI for the last a single of trading hit 81.80, and the three-weeks RSI is set at 71.28 for On Holding AG [ONON]. The present Moving Average for the last 50 days of trading for this stock 34.23, while it was recorded at 40.14 for the last single week of trading, and 30.04 for the last 200 days.
On Holding AG [ONON]: Deeper insight into the fundamentals
On Holding AG’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.43 and a Current Ratio set at 3.32.
Insider trade positions for On Holding AG [ONON]
The top three institutional holders of ONON stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ONON stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ONON stock with ownership which is approximately 5.8386%.