With 3.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.55 million shares. During the session, the Footwear & Accessories company that operates in wider Consumer Cyclical sector, reached to the highest price of $47.48 whereas the lowest price it dropped to was $46.28. The 52-week range on ONON shows that it touched its highest point at $52.80 and its lowest point at $24.15 during that stretch. It currently has a 1-year price target of $51.16. Beta for the stock currently stands at 2.25.
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 down-trending over the past week, with a drop of -8.52%, but this was down by -10.46% over a month. Three-month performance surged to 22.39% while six-month performance rose 36.02%. The stock gained 67.88% in the past year, while it has gained 71.67% so far this year. A look at the trailing 12-month EPS for ONON yields 0.53 with Next year EPS estimates of 1.07. For the next quarter, that number is 0.22. This implies an EPS growth rate of 146.98% for this year and 7.34% for next year.
Float and Shares Shorts:
At present, 284.22 million ONON shares are outstanding with a float of 209.41 million shares on hand for trading. On 2024-10-15, short shares totaled 23.12 million, which was 722.0 higher than short shares on 1726185600. 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 0.67732 of ONON’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, ONON reported revenue of $567700000.0 and operating income of $47300000.0. The EBITDA in the recently reported quarter was $77800000.0 and diluted EPS was $0.09.
