On Holding AG (NYSE:ONON) shares, rose in value, with the stock price down by -1.48% to the previous day’s close as strong demand from buyers drove the stock to $59.78.
Actively observing the price movement in the last trading, the stock closed the session at $60.68. The PE ratio was 84.11 over 12-month period. Referring to stock’s 52-week performance, its high was $64.05, and the low was $34.59. On the whole, ONON has fluctuated by 28.31% over the past month.
With the market capitalization of On Holding AG currently standing at about $19.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ONON’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell 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 4.62, with the price of ONON currently trading nearly 9.44% and 23.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.61, while the 7-day volatility ratio is showing 2.37% which for the 30-day chart, stands at 2.98%. Furthermore, On Holding AG (ONON)’s beta value is 2.37, and its average true range (ATR) is 2.23.
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 -1.48% in last session, and over the past year, it grew by 55.64%%.
Data on historical trading for On Holding AG (NYSE:ONON) indicates that the trading volumes over the past 3 months, they’ve averaged 5.86 million. According to company’s latest data on outstanding shares, there are 291.58 million shares outstanding.
Nearly 32.20% of On Holding AG’s shares belong to company insiders and institutional investors own 54.22% of the company’s shares. The stock has risen by 9.15% 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.
