On Holding AG [NYSE: ONON] gained 1.42% or 0.88 points to close at $63.04 with a heavy trading volume of 3544619 shares.
The daily chart for ONON points out that the company has recorded 58.27% gains over the past six months.
If we look at the average trading volume of 3.28M shares, ONON reached to a volume of 3544619 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $63.45 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 1.42. 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 Buy, with their previous recommendation back on January 07, 2025. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on December 18, 2024, representing the official price target for On Holding AG stock. Previously, the target price had yet another raise to $64, while Needham analysts kept a Buy rating on ONON stock. On November 21, 2024, analysts increased their price target for ONON shares from 58 to 63.
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 8.25. The Price to Book ratio for the last quarter was 13.59, 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 44.98 with Quick ratio for the last quarter at 2.25.
Trading performance analysis for ONON stock
On Holding AG [ONON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.65. With this latest performance, ONON shares gained by 11.79% in over the last four-week period, additionally plugging by 58.27% over the last 6 months – not to mention a rise of 140.15% 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 68.73, with the RSI for the last a single of trading hit 74.03, and the three-weeks RSI is set at 65.42 for On Holding AG [ONON]. The present Moving Average for the last 50 days of trading for this stock 56.84, while it was recorded at 61.14 for the last single week of trading, and 45.89 for the last 200 days.
On Holding AG [ONON]: A deeper dive into fundamental analysis
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.
An analysis of Institutional ownership at 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%.
