On Holding AG (NYSE: ONON) stock jumped 3.12% on Monday to $28.46 against a previous-day closing price of $27.60. With 3.69 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.66 million shares. During the session, the Footwear & Accessories company that operates in wider Consumer Cyclical sector, reached to the highest price of $28.54 whereas the lowest price it dropped to was $27.60. The 52-week range on ONON shows that it touched its highest point at $37.08 and its lowest point at $15.91 during that stretch. It currently has a 1-year price target of $34.71. Beta for the stock currently stands at 2.14.
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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 7.15%, but this was up by 13.66% over a month. Three-month performance dropped to -3.13% while six-month performance rose 3.57%. The stock gained 64.32% in the past year, while it has gained 65.85% so far this year. A look at the trailing 12-month EPS for ONON yields 0.28 with Next year EPS estimates of 0.77. For the next quarter, that number is 0.13. This implies an EPS growth rate of 66.43% for this year and 46.82% for next year.
Float and Shares Shorts:
At present, 281.98 million ONON shares are outstanding with a float of 185.82 million shares on hand for trading. On Oct 30, 2023, short shares totaled 18.33 million, which was 5.76% higher than short shares on Sep 28, 2023. In addition to Mr. David Allemann as the firm’s Co-Founder & Executive Co-Chairman, Mr. Caspar Coppetti serves as its Co-Founder & Executive Co-Chairman.
Institutional Ownership:
Through their ownership of 42.16% of ONON’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 25.01% of ONON, in contrast to 20.91% held by mutual funds. As the largest shareholder in ONON with 9.98% of the stake, Fidelity Management & Research Co holds 28,139,719 shares worth 28,139,719. A second-largest stockholder of ONON, Jennison Associates LLC, holds 7,887,000 shares, controlling over 2.80% of the firm’s shares. American Century Investment Manag is the third largest shareholder in ONON, holding 6,566,787 shares or 2.33% stake. With a 2.91% stake in ONON, the Fidelity Contrafund is the largest stakeholder. A total of 8,215,449 shares are owned by the mutual fund manager. The Fidelity Growth Company Fund, which owns about 1.73% of ONON stock, is the second-largest Mutual Fund holder. It holds 4,876,070 shares valued at 125.17 million. American Century Heritage Fund holds 1.35% of the stake in ONON, owning 3,799,454 shares worth 97.53 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ONON since 0 analysts follow the stock currently. 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 $45.34 and a low target of $18.61, the average target price over the next 12 months is $31.10. Based on these targets, ONON could surge 59.31% to reach the target high and fall by -34.61% to reach the target low. Reaching the average price target will result in a growth of 9.28% from current levels.
