On Holding AG (NYSE: ONON): To Buy Or Not To Buy, That Is The Question

On Holding AG (ONON) concluded trading on Wednesday at a closing price of $33.18, with 3.27 million shares of worth about $108.38 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.03% during that period and on April 3, 2024 the price saw a loss of about -3.24%. Currently the company’s common shares owned by public are about 302.35M shares, out of which, 195.47M shares are available for trading.

However, the stock later moved at a day high price of 30.90, or with a loss of -3.24%. Stock saw a price change of -2.56% in past 5 days and over the past one month there was a price change of -2.50%. Year-to-date (YTD), ONON shares are showing a performance of 23.03% which increased to 6.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $23.41 but also hit the highest price of $37.08 during that period. The average intraday trading volume for On Holding AG shares is 5.63 million. The stock is currently trading -1.67% below its 20-day simple moving average (SMA20), while that difference is up 5.31% for SMA50 and it goes to 10.98% higher than SMA200.

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On Holding AG (NYSE: ONON) currently have 302.35M outstanding shares and institutions hold larger chunk of about 51.27% of that.

The stock has a current market capitalization of $10.03B and its 3Y-monthly beta is at 2.17. PE ratio of stock for trailing 12 months is 122.53, while it has posted earnings per share of $0.27 in the same period. It has Quick Ratio of 2.60 while making debt-to-equity ratio of 0.23. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ONON, volatility over the week remained 3.34% while standing at 4.26% over the month.

Stock’s fiscal year EPS is expected to rise by 101.72% while it is estimated to increase by 34.00% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on April 01, 2024 offering an Overweight rating for the stock and assigned a target price of $38 to it. Coverage by Redburn Atlantic stated On Holding AG (ONON) stock as a Neutral in their note to investors on March 07, 2024, suggesting a price target of $34 for the stock. On November 17, 2023, Truist Initiated their recommendations, while on November 07, 2023, Evercore ISI Initiated their ratings for the stock with a price target of $38. Stock get an Overweight rating from Redburn Atlantic on October 24, 2023.

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