On Holding AG [NYSE: ONON] jumped around 2.45 points on Thursday, while shares priced at $56.19 at the close of the session, up 4.56%.
Compared to the average trading volume of 4.25M shares, ONON reached a trading volume of 4836087 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 $59.76 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 1.33. 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.
Raymond James have made an estimate for On Holding AG shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on Nov-22-24. The new note on the price target was released on November 13, 2024, representing the official price target for On Holding AG stock. Previously, the target price had yet another raise from $53 to $62, while Telsey Advisory Group kept a Outperform rating on ONON stock. On November 06, 2024, analysts increased their price target for ONON shares from 47 to 53.
The Average True Range (ATR) for On Holding AG is set at 2.23, with the Price to Sales ratio for ONON stock in the period of the last 12 months amounting to 7.35. The Price to Book ratio for the last quarter was 12.11, with the Price to Cash per share for the same quarter was set at 2.77. Price to Free Cash Flow for ONON in the course of the last twelve months was 40.09 with Quick ratio for the last quarter at 2.25.
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 5.32. With this latest performance, ONON shares gained by 18.59% in over the last four-week period, additionally plugging by 46.29% over the last 6 months – not to mention a rise of 101.61% 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 70.05, with the RSI for the last a single of trading hit 75.49, and the three-weeks RSI is set at 66.48 for On Holding AG [ONON]. The present Moving Average for the last 50 days of trading for this stock 50.15, while it was recorded at 53.35 for the last single week of trading, and 40.52 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 2.25 and a Current Ratio set at 2.91.
Earnings analysis for On Holding AG [ONON]
With the latest financial reports released by the company, On Holding AG posted -0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.13/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.18. 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 26.00%.
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%.
