The time has not yet come to remove your chips from the table: On Holding AG (ONON)

On Holding AG (NYSE: ONON) stock jumped 0.80% on Friday to $22.63 against a previous-day closing price of $22.45. With 1.24 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.59 million shares. During the session, the Apparel Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $22.76 whereas the lowest price it dropped to was $22.07. The 52-week range on ONON shows that it touched its highest point at $55.87 and its lowest point at $16.16 during that stretch. It currently has a 1-year price target of $27.60.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ONON was up-trending over the past week, with a rise of 6.90%, but this was up by 27.78% over a month. Three-month performance dropped to -12.05% while six-month performance fell -21.12%. A look at the trailing 12-month EPS for ONON yields -0.58 with Next year EPS estimates of 0.35.

Float and Shares Shorts:

At present, 315.39 million ONON shares are outstanding with a float of 172.51 million shares on hand for trading. On Jul 14, 2022, short shares totaled 15.8 million, which was 5.02% higher than short shares on Jun 14, 2022. In addition to Mr. David Allemann as the firm’s Co-Founder & Exec. Co-Chairman, Mr. Caspar Coppetti serves as its Co-Founder & Exec. Co-Chairman.

Institutional Ownership:

Through their ownership of 34.05% of ONON’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 18.91% of ONON, in contrast to 13.06% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in ONON with 3.98% of the stake, Durable Capital Partners LP holds 11,028,390 shares worth 11,028,390. A second-largest stockholder of ONON, Fidelity Management & Research Co, holds 10,769,879 shares, controlling over 3.89% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in ONON, holding 9,884,175 shares or 3.57% stake. With a 2.99% stake in ONON, the Fidelity Contrafund is the largest stakeholder. A total of 8,277,204 shares are owned by the mutual fund manager. The T Rowe Price New Horizons Fund, which owns about 2.43% of ONON stock, is the second-largest Mutual Fund holder. It holds 6,735,662 shares valued at 119.15 million. Fidelity Growth Company Fund holds 1.64% of the stake in ONON, owning 4,542,127 shares worth 80.35 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ONON since 12 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ONON analysts setting a high price target of $36.74 and a low target of $16.00, the average target price over the next 12 months is $26.57. Based on these targets, ONON could surge 62.35% to reach the target high and fall by -29.3% to reach the target low. Reaching the average price target will result in a growth of 17.41% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ONON will report FY 2022 earnings on 03/17/2023. Analysts have provided yearly estimates in a range of $0.29 being high and $0.20 being low. For ONON, this leads to a yearly average estimate of $0.25. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. On Holding AG surprised analysts by $0.13 when it reported $0.05 EPS against a consensus estimate of -$0.08. The surprise factor in the prior quarter was -$0.37. Based on analyst estimates, the high estimate for the next quarter is $0.05. The average estimate for the next quarter is thus $0.03.

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