On Holding AG [NYSE: ONON] traded at a low on Wednesday, posting a -0.73 loss after which it closed the day’ session at $50.20.
The results of the trading session contributed to over 3462841 shares changing hands. Over the past one week, the price volatility of On Holding AG stands at 3.30% while the volatility over the past one month is 4.04%.
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The market cap for ONON stock reached $16.07 billion, with 284.22 million shares outstanding and 209.41 million shares in the current float. Compared to the average trading volume of 5.10M shares, ONON reached a trading volume of 3462841 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $49.30 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 1.58. 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.
BofA Securities have made an estimate for On Holding AG shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 23, 2024. While these analysts kept the previous recommendation, HSBC Securities raised their target price to Hold. The new note on the price target was released on September 05, 2024, representing the official price target for On Holding AG stock. Previously, the target price had yet another raise to $52, while Piper Sandler analysts kept a Overweight rating on ONON stock.
The Average True Range (ATR) for On Holding AG is set at 1.84, with the Price to Sales ratio for ONON stock in the period of the last 12 months amounting to 7.12. The Price to Book ratio for the last quarter was 11.73, with the Price to Cash per share for the same quarter was set at 2.27. Price to Free Cash Flow for ONON in the course of the last twelve months was 40.71 with Quick ratio for the last quarter at 2.18.
How has ONON stock performed recently?
On Holding AG [ONON] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.45. With this latest performance, ONON shares gained by 9.37% in over the last four-week period, additionally plugging by 47.43% over the last 6 months – not to mention a rise of 83.75% 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 64.71, with the RSI for the last a single of trading hit 64.81, and the three-weeks RSI is set at 63.71 for On Holding AG [ONON]. The present Moving Average for the last 50 days of trading for this stock 43.61, while it was recorded at 50.17 for the last single week of trading, and 35.97 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 2.18 and a Current Ratio set at 2.98.
Earnings analysis for On Holding AG [ONON]
With the latest financial reports released by the company, On Holding AG posted -0.07/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.19. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ONON.
Insider trade positions for On Holding AG [ONON]
The top three institutional holders of ONON stocks are: FMR LLC with ownership of 28.42 million shares, which is approximately 8.8212%. MORGAN STANLEY, holding 19.64 million shares of the stock with an approximate value of $$761.89 million in ONON stocks shares; and MORGAN STANLEY, currently with $$433.6 million in ONON stock with ownership which is approximately 3.4685%.
