On Holding AG (ONON) concluded trading on Wednesday at a closing price of $41.42, with 5.71 million shares of worth about $236.62 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 50.62% during that period and on July 31, 2024 the price saw a gain of about 6.70%. 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 7.58% in past 5 days and over the past one month there was a price change of 8.91%. Year-to-date (YTD), ONON shares are showing a performance of 53.58% which increased to 15.06% 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 5.21 million. The stock is currently trading 7.39% above its 20-day simple moving average (SMA20), while that difference is up 3.95% for SMA50 and it goes to 27.64% 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 65.14% of that.
The stock has a current market capitalization of $12.59B and its 3Y-monthly beta is at 2.23. PE ratio of stock for trailing 12 months is 93.69, 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 3.83% while standing at 3.84% over the month.
Stock’s fiscal year EPS is expected to rise by 157.91% while it is estimated to increase by 4.42% 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 Raymond James on Aug-01-24 offering an Outperform rating for the stock and assigned a target price of $46 to it. Coverage by Bernstein stated On Holding AG (ONON) stock as an Outperform in their note to investors on June 11, 2024, suggesting a price target of $50 for the stock. On June 07, 2024, Telsey Advisory Group Reiterated their recommendations, while on May 28, 2024, Truist Upgrade their ratings for the stock with a price target of $46. Stock get an Outperform rating from Telsey Advisory Group on May 15, 2024.
