Currently, there are 284.22M common shares owned by the public and among those 198.03M shares have been available to trade.
The company’s stock has a 5-day price change of 8.13% and 14.09% over the past three months. ONON shares are trading 70.19% year to date (YTD), with the 12-month market performance up to 61.62% higher. It has a 12-month low price of $23.41 and touched a high of $45.06 over the same period. ONON has an average intraday trading volume of 5.07 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 13.01%, 15.47%, and 35.73% respectively.
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Institutional ownership of On Holding AG (NYSE: ONON) shares accounts for 64.40% of the company’s 284.22M shares outstanding.
It has a market capitalization of $13.99B and a beta (3y monthly) value of 2.23. The stock’s trailing 12-month PE ratio is 85.83, while the earnings-per-share (ttm) stands at $0.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.98% over the week and 4.58% over the month.
Earnings per share for the fiscal year are expected to increase by 141.91%, and 8.17% over the next financial year.
Looking at the support for the ONON, a number of firms have released research notes about the stock. Piper Sandler stated their Overweight rating for the stock in a research note on August 23, 2024, with the firm’s price target at $52. Raymond James coverage for the On Holding AG (ONON) stock in a research note released on July 31, 2024 offered a Outperform rating with a price target of $46. Bernstein was of a view on June 11, 2024 that the stock is Outperform, while Telsey Advisory Group gave the stock Outperform rating on June 07, 2024, issuing a price target of $40- $47. Truist on their part issued Buy rating on May 28, 2024.
