In today’s recent session, 2.66 million shares of the On Holding AG (NYSE:ONON) have been traded, and its beta is 2.31. Most recently the company’s share price was $51.68, and it changed around -$2.29 or -4.24% from the last close, which brings the market valuation of the company to $16.54B. ONON at last check was trading at a discount to its 52-week high of $64.05, offering almost -23.94% off that amount. The share price’s 52-week low was $27.37, which indicates that the recent value has risen by an impressive 47.04% since then. We note from On Holding AG’s average daily trading volume that its 10-day average is 4.2 million shares, with the 3-month average coming to 3.30 million.
On Holding AG stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 27 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 3 recommended ONON as a Hold, whereas 16 deemed it a Buy, and 0 rated it as Underweight.
On Holding AG (NYSE:ONON) trade information
Instantly ONON has been showing red trend so far today with a performance of -4.24% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 60.88 on recent trading dayincreased the stock’s daily price by 15.11%. The company’s shares are currently down -5.64% year-to-date, but still down -12.47% over the last five days. On the other hand, On Holding AG (NYSE:ONON) is -6.68% down in the 30-day period. We can see from the shorts that 16.68 million shares have been sold at a short interest cover period of 5.2 day(s).
The consensus price target as assigned by Wall Street analysts is $56, which translates to bulls needing to increase their stock price by 7.71% from its current value. Analyst projections state that ONON is forecast to be at a low of $40 and a high of $64.
On Holding AG (NYSE:ONON)’s Major holders
MORGAN STANLEY, with 6.0946% or 19.64 million shares worth $761.89 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Fidelity Contrafund Inc and Fidelity Growth Company Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 8.26 shares worth $427.34 million, making up 2.91% of all outstanding shares. On the other hand, Fidelity Growth Company Fund held roughly 4.99 shares worth around $257.85 million, which represents about 1.75% of the total shares outstanding.
