On Holding AG (NYSE:ONON) shares, rose in value on Friday, April 05, with the stock price down by -2.18% to the previous day’s close as strong demand from buyers drove the stock to $31.45.
Actively observing the price movement in the recent trading, the stock is buoying the session at $32.15. The value of beta (5-year monthly) is 2.18 whereas the PE ratio is 116.14 over 12-month period. Referring to stock’s 52-week performance, its high was $37.08, and the low was $23.41. On the whole, ONON has fluctuated by -3.65% over the past month.
With the market capitalization of On Holding AG currently standing at about $9.51 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 13, 2024 – May 17, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.16, which is expected to increase to $0.21 for fiscal year $0.81 and then to about $1.1 by fiscal year 2025. Data indicates that the EPS growth is expected to be 92.90% in 2025, while the next year’s EPS growth is forecast to be 35.80%.
Analysts have estimated the company’s revenue for the quarter at $549.7 million, with a low estimate of $548.04 million and a high estimate of $552.58 million. According to the average forecast, sales growth in current quarter could jump up 18.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $2.52 billion, representing an increase of 26.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ONON’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ONON currently trading nearly -6.75% and -0.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.06, while the 7-day volatility ratio is showing 3.66% which for the 30-day chart, stands at 4.30%. Furthermore, On Holding AG (ONON)’s beta value is 2.18, and its average true range (ATR) is 1.35.
A comparison of On Holding AG (ONON) with its peers suggests the former has fared considerably weaker in the market. ONON showed an intraday change of -2.18% in today’s session so far, and over the past year, it shrunk by -3.26%%.
Data on historical trading for On Holding AG (NYSE:ONON) indicates that the trading volumes over the past 10 days have averaged 3.84 million and over the past 3 months, they’ve averaged 5.60 million. According to company’s latest data on outstanding shares, there are 302.35 million shares outstanding.
Nearly 35.35% of On Holding AG’s shares belong to company insiders and institutional investors own 51.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 29.72 million shares as on Mar 15, 2024, resulting in a short ratio of 4.3. According to the data, the short interest in On Holding AG (ONON) stood at 9.32% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 33.16 million. The stock has risen by 16.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ONON stock heading into the next quarter.
