In the latest trading session, 0.79 million On Holding AG (NYSE:ONON) shares changed hands as the company’s beta touched 2.23. With the company’s most recent per share price at $43.63 changed hands at -$1.63 or -3.60% at last look, the market valuation stands at $13.97B. ONON’s current price is a discount, trading about -10.2% off its 52-week high of $48.08. The share price had its 52-week low at $23.41, which suggests the last value was 46.34% up since then. When we look at On Holding AG’s average trading volume, we note the 10-day average is 5.3 million shares, with the 3-month average coming to 5.18 million.
Analysts gave the On Holding AG (ONON) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.55. If we narrow down to specifics, the data shows that 0 out of 20 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ONON as a Hold, 20 felt it is a Buy and 0 rated the stock as Underweight.
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On Holding AG (NYSE:ONON) trade information
Instantly ONON was in red as seen in intraday trades today. With action -4.53%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 61.77%, with the 5-day performance at -4.53% in the red. However, in the 30-day time frame, On Holding AG (NYSE:ONON) is 10.32% up. Looking at the short shares, we see there were 27.78 million shares sold at short interest cover period of 4.98 days.
The consensus price target for the stock as assigned by Wall Street analysts is 47, meaning bulls need an upside of 7.17% from its recent market value. According to analyst projections, ONON’s forecast low is 26 with 52 as the target high. To hit the forecast high, the stock’s price needs a -19.18% plunge from its current level, while the stock would need to tank 40.41% for it to hit the projected low.
On Holding AG (ONON) estimates and forecasts
Data shows that the On Holding AG share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 42.40% over the past 6 months, a 153.85% in annual growth rate that is considerably higher than the industry average of -12.30%.
On Holding AG (NYSE:ONON)’s Major holders
MORGAN STANLEY holds the second largest percentage of outstanding shares, with 6.0946% or 19.64 million shares worth $761.89 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jul 31, 2024 were Fidelity Contrafund Inc and Fidelity Growth Company Fund. With 8.23 shares estimated at $357.81 million under it, the former controlled 2.90% of total outstanding shares. On the other hand, Fidelity Growth Company Fund held about 1.71% of the shares, roughly 4.86 shares worth around $211.14 million.
