In the last trading session, 3.84 million shares of the On Holding AG (NYSE:ONON) were traded, and its beta was 2.30. Most recently the company’s share price was $42.67, and it changed around -$0.5 or -1.16% from the last close, which brings the market valuation of the company to $13.82B. ONON currently trades at a discount to its 52-week high of $64.05, offering almost -50.11% off that amount. The share price’s 52-week low was $29.84, which indicates that the current value has risen by an impressive 30.07% since then. We note from On Holding AG’s average daily trading volume that its 10-day average is 10.61 million shares, with the 3-month average coming to 5.59 million.
On Holding AG stock received a consensus recommendation rating of Buy, based on a mean score of 1.43. If we narrow it down even further, the data shows that 0 out of 30 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 4 recommended ONON as a Hold, whereas 18 deemed it a Buy, and 0 rated it as Underweight. On Holding AG is expected to report earnings per share of 0.22 for the current quarter.
On Holding AG (NYSE:ONON) trade information
Instantly ONON has showed a red trend with a performance of -1.16% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 46.35 on recent trading dayincreased the stock’s daily price by 7.94%. The company’s shares are currently down -22.09% year-to-date, but still up 9.66% over the last five days. On the other hand, On Holding AG (NYSE:ONON) is -11.22% down in the 30-day period. We can see from the shorts that 14.9 million shares have been sold at a short interest cover period of 3.04 day(s).
The consensus price target as assigned by Wall Street analysts is $62, which translates to bulls needing to increase their stock price by 31.18% from its current value. Analyst projections state that ONON is forecast to be at a low of $40 and a high of $73.
On Holding AG (ONON) estimates and forecasts
The year-over-year growth rate is expected to be 28.28%, up from the previous year.
Consensus estimates provided by 18 financial analysts predict the company will bring in an average of 676.32M in revenue for the current quarter. 18 analysts expect On Holding AG to make 731.92M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 508.2M and 567.7M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 33.08%. Forecasts for the next quarter put sales growth at 28.93%.
On Holding AG earnings are expected to increase by -3.79% in 2025, but the outlook is positive 17.17% per year for the next five years.
ONON Dividends
On Holding AG’s next quarterly earnings report is expected to be released on 2025-Mar-03.
On Holding AG (NYSE:ONON)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 22.87% of On Holding AG shares, and 61.19% of them are in the hands of institutional investors. The stock currently has a share float of 79.33%. On Holding AG stock is held by 629.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 8.6835% of the shares, which is about 28.42 million shares worth $1.1 billion.
MORGAN STANLEY, with 5.9994% or 19.64 million shares worth $761.89 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Fidelity Contrafund and Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund were the top two Mutual Funds as of Feb 28, 2025 . The former held 8.26 shares worth $352.55 million, making up 2.91% of all outstanding shares. On the other hand, Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund held roughly 5.0 shares worth around $213.39 million, which represents about 1.76% of the total shares outstanding.
