With 2.92 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.25 million shares. During the session, the Footwear & Accessories company that operates in wider Consumer Cyclical sector, reached to the highest price of $56.4 whereas the lowest price it dropped to was $54.91. The 52-week range on ONON shows that it touched its highest point at $60.12 and its lowest point at $26.03 during that stretch. It currently has a 1-year price target of $61.38. Beta for the stock currently stands at 2.30.
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 0.16%, but this was down by -6.89% over a month. Three-month performance surged to 9.68% while six-month performance rose 48.60%. The stock gained 108.05% in the past year, while it has gained 0.93% so far this year. A look at the trailing 12-month EPS for ONON yields 0.44 with Next year EPS estimates of 1.03. For the next quarter, that number is 0.17. This implies an EPS growth rate of 134.28% for this year and 13.87% for next year.
Float and Shares Shorts:
At present, 288.76 million ONON shares are outstanding with a float of 213.21 million shares on hand for trading. On 2024-12-13, short shares totaled 19.32 million, which was 596.99997 higher than short shares on 1731628800. 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 0.65296996 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 2024-09-30, ONON reported revenue of $635800000.0 and operating income of $72600000.0. The EBITDA in the recently reported quarter was $106100000.0 and diluted EPS was $0.09.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ONON since 20 analysts follow the stock currently. There are 20 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 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 66.012 and a low target of 42.682, the average target price over the next 12 months is 54.51131. Based on these targets, ONON could surge 19.41% to reach the target high and fall by -22.79% to reach the target low. Reaching the average price target will result in a decline of -1.39% from current levels.
Analysts have provided yearly estimates in a range of $0.91513 being high and $0.70489 being low. For ONON, this leads to a yearly average estimate of $0.8162.
