ONON Stock Summary and Trading Ideas (On Holding Ag Class A | NYSE:ONON)

On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoes, apparel, and accessories products are designed predominantly for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and relies instead on third-party suppliers and contract manufacturers. Geographically, it derives a majority of its revenue from the Americas and rest from Europe, Middle East and Africa, and Asia-Pacific region.

On Holding Ag Class A trades on the NYSE stock market under the symbol ONON.

As of December 10, 2024, ONON stock price climbed to $55.18 with 2,424,173 million shares trading.

ONON has a beta of 1.32, meaning it tends to be more sensitive to market movements. ONON has a correlation of 0.14 to the broad based SPY ETF.

ONON has a market cap of $17.62 billion. This is considered a Large Cap stock.

Last quarter On Holding Ag Class A reported $735 million in Revenue and $.17 earnings per share. This beat revenue expectation by $30 million and missed earnings estimates by -$.06.

In the last 3 years, ONON traded as high as $60.12 and as low as $15.44.

The top ETF exchange traded funds that ONON belongs to (by Net Assets): SPDW, VT, FPXI, ESGV, SMLF.

ONON has outperformed the market in the last year with a return of +92.7%, while the SPY ETF gained +32.5%. In the last 3 month period, ONON beat the market returning +21.9%, while SPY returned +10.2%. However, in the most recent 2 weeks ONON has underperformed the stock market by returning -4.8%, while SPY returned +0.4%.

ONON support price is $53.51 and resistance is $56.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ONON shares will trade within this expected range on the day.