On Holding AG [NYSE: ONON] surged by $1.22 during the normal trading session on while it closed the day at $52.71.
On Holding AG stock has also gained 13.84% of its value over the past 7 days. However, ONON stock has inclined by 27.72% in the 3 months of the year. Over the past six months meanwhile, it has gained 71.75% and gained 95.44% year-on date.
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The market cap for ONON stock reached $17.25 billion, with 284.22 million shares outstanding and 189.58 million shares in the current float. Compared to the average trading volume of 4.47M shares, ONON reached a trading volume of 10634898 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $52.55 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 1.57. 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.
Telsey Advisory Group have made an estimate for On Holding AG shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 06, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $21 to $55. The new note on the price target was released on September 23, 2024, representing the official price target for On Holding AG stock. Previously, the target price had yet another raise to $52, while HSBC Securities analysts kept a Hold rating on ONON stock.
The Average True Range (ATR) for On Holding AG is set at 1.86, with the Price to Sales ratio for ONON stock in the period of the last 12 months amounting to 7.64. The Price to Book ratio for the last quarter was 12.32, with the Price to Cash per share for the same quarter was set at 2.22. Price to Free Cash Flow for ONON in the course of the last twelve months was 43.68 with Quick ratio for the last quarter at 2.18.
ONON stock trade performance evaluation
On Holding AG [ONON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.84. With this latest performance, ONON shares gained by 5.42% in over the last four-week period, additionally plugging by 71.75% over the last 6 months – not to mention a rise of 95.37% 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 64.18, with the RSI for the last a single of trading hit 69.87, and the three-weeks RSI is set at 61.41 for On Holding AG [ONON]. The present Moving Average for the last 50 days of trading for this stock 48.97, while it was recorded at 50.01 for the last single week of trading, and 39.49 for the last 200 days.
On Holding AG [ONON]: An insightful look at the core 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 per share (EPS) analysis for On Holding AG [ONON] stock
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for On Holding AG go to 24.00%.
On Holding AG [ONON]: Institutional Ownership
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%.
