On Holding AG (ONON) concluded trading on Wednesday at a closing price of $38.50, with 3.73 million shares of worth about $143.64 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 38.84% during that period and on July 24, 2024 the price saw a loss of about -4.99%. Currently the company’s common shares owned by public are about 284.22M shares, out of which, 197.43M shares are available for trading.
Stock saw a price change of -4.61% in past 5 days and over the past one month there was a price change of -1.36%. Year-to-date (YTD), ONON shares are showing a performance of 42.75% which increased to 8.54% 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 $44.30 during that period. The average intraday trading volume for On Holding AG shares is 5.12 million. The stock is currently trading 0.13% above its 20-day simple moving average (SMA20), while that difference is down -2.14% for SMA50 and it goes to 19.96% higher than SMA200.
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On Holding AG (NYSE: ONON) currently have 284.22M outstanding shares and institutions hold larger chunk of about 64.75% of that.
The stock has a current market capitalization of $11.71B and its 3Y-monthly beta is at 2.23. PE ratio of stock for trailing 12 months is 87.08, while it has posted earnings per share of $0.44 in the same period. It has Quick Ratio of 2.43 while making debt-to-equity ratio of 0.29. 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 4.22% while standing at 3.80% over the month.
Stock’s fiscal year EPS is expected to rise by 159.38% while it is estimated to increase by 3.03% 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 Bernstein on June 11, 2024 offering an Outperform rating for the stock and assigned a target price of $50 to it. Coverage by Telsey Advisory Group stated On Holding AG (ONON) stock as an Outperform in their note to investors on June 07, 2024, suggesting a price target of $47 for the stock. On May 28, 2024, Truist Upgrade their recommendations, while on May 15, 2024, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $40. Stock get an Outperform rating from William Blair on April 16, 2024.
