In last trading session, On Holding AG (NYSE:ONON) saw 4.33 million shares changing hands with its beta currently measuring 2.17. Company’s recent per share price level of $34.71 trading at -$0.9 or -2.53% at ring of the bell on the day assigns it a market valuation of $11.04B. That closing price of ONON’s stock is at a discount of -6.83% from its 52-week high price of $37.08 and is indicating a premium of 32.56% from its 52-week low price of $23.41. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.57 million shares which gives us an average trading volume of 5.87 million if we extend that period to 3-months.
On Holding AG (NYSE:ONON) trade information
Upright in the red during last session for losing -2.53%, in the last five days ONON remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $34.71 price level, adding 3.98% to its value on the day. On Holding AG’s shares saw a change of 28.70% in year-to-date performance and have moved 4.45% in past 5-day. On Holding AG (NYSE:ONON) showed a performance of 7.59% in past 30-days. Number of shares sold short was 33.15 million shares which calculate 7.16 days to cover the short interests.
On Holding AG (ONON) estimates and forecasts
Statistics highlight that On Holding AG is scoring comparatively higher than the scores of other players of the relevant industry. The company added 20.69% of value to its shares in past 6 months, showing an annual growth rate of 112.82% while that of industry is -5.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 26.80% from the last financial year’s standing.
15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $560.45 million for the same. And 15 analysts are in estimates of company making revenue of $628.31 million in the next quarter that will end on Jun 2024. Company posted $474.41 million and $501.62 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 18.10% while estimating it to be 25.30% for the next quarter.
ONON Dividends
On Holding AG is more likely to be releasing its next quarterly report between May 13 and May 17 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
On Holding AG (NYSE:ONON)’s Major holders
Insiders are in possession of 19.36% of company’s total shares while institution are holding 57.50 percent of that, with stock having share float percentage of 71.31%. Investors also watch the number of corporate investors in a company very closely, which is 57.50% institutions for On Holding AG that are currently holding shares of the company. FMR, LLC is the top institutional holder at ONON for having 28.36 million shares of worth $984.33 million. And as of Dec 30, 2023, it was holding 9.98% of the company’s outstanding shares.
The second largest institutional holder is Morgan Stanley, which was holding about 17.76 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 6.25% of outstanding shares, having a total worth of $616.55 million.
On the other hand, Fidelity Contrafund Inc and Fidelity Growth Company Fund are the top two Mutual Funds which own company’s shares. As of Jan 30, 2024, the former fund manager was holding 8.24 million shares of worth $286.03 million or 2.90% of the total outstanding shares. The later fund manager was in possession of 4.88 million shares on Jan 30, 2024, making its stake of worth around $169.28 million in the company or a holder of 1.72% of company’s stock.
