In the last trading session, 4.87 million On Holding AG (NYSE:ONON) shares changed hands as the company’s beta touched 2.31. With the company’s per share price at $46.59 changed hands at $1.56 or 3.46% during last session, the market valuation stood at $15.09B. ONON’s last price was a discount, traded about -37.48% off its 52-week high of $64.05. The share price had its 52-week low at $29.84, which suggests the last value was 35.95% up since then. When we look at On Holding AG’s average trading volume, we note the 10-day average is 3.89 million shares, with the 3-month average coming to 5.59 million.
Analysts gave the On Holding AG (ONON) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.36. 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. On Holding AG’s EPS for the current quarter is expected to be 0.22.
On Holding AG (NYSE:ONON) trade information
Instantly ONON was in green as seen at the end of in last trading. With action 12.78%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -14.94%, with the 5-day performance at 12.78% in the green. However, in the 30-day time frame, On Holding AG (NYSE:ONON) is 1.28% up. Looking at the short shares, we see there were 13.5 million shares sold at short interest cover period of 1.93 days.
The consensus price target for the stock as assigned by Wall Street analysts is 62, meaning bulls need an upside of 24.85% from its current market value. According to analyst projections, ONON’s forecast low is 40 with 73 as the target high. To hit the forecast high, the stock’s price needs a -56.69% plunge from its current level, while the stock would need to tank 14.14% for it to hit the projected low.
On Holding AG (ONON) estimates and forecasts
Year-over-year growth is forecast to reach 27.83% up from the last financial year.
Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of 677.22M. 18 analysts are of the opinion that On Holding AG’s revenue for the current quarter will be 726.7M. The company’s revenue for the corresponding quarters a year ago was 508.2M and 567.7M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 33.26%. The estimates for the next quarter sales put growth at 28.01%.
The 2025 estimates are for On Holding AG earnings to decrease by -2.20%, but the outlook for the next 5-year period is at 17.70% per year.
ONON Dividends
On Holding AG is expected to release its next quarterly earnings report on 2025-Mar-03.
On Holding AG (NYSE:ONON)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 22.87% of On Holding AG shares while 61.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.27%. There are 61.15% institutions holding the On Holding AG stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 8.6835% of the shares, roughly 28.42 million ONON shares worth $1.1 billion.
MORGAN STANLEY holds the second largest percentage of outstanding shares, with 5.9994% or 19.64 million shares worth $761.89 million as of 2024-06-30.
