Old National Bancorp (NASDAQ: ONB) has seen a decline in its stock price by -1.70 in relation to its previous close of 12.96. However, the company has experienced a -2.23% decline in its stock price over the last five trading sessions. The Wall Street Journal reported on 04/10/23 that Five Dead After Bank Shooting in Louisville, Ky., Police Say
Is It Worth Investing in Old National Bancorp (NASDAQ: ONB) Right Now?
The price-to-earnings ratio for Old National Bancorp (NASDAQ: ONB) is above average at 6.36x. The 36-month beta value for ONB is also noteworthy at 0.80. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ONB is 289.12M, and at present, short sellers hold a 3.28% of that float. The average trading volume of ONB on May 26, 2023 was 2.46M shares.
ONB’s Market Performance
ONB stock saw a decrease of -2.23% in the past week, with a monthly decline of -6.46% and a quarterly a decrease of -28.51%. The volatility ratio for the week is 3.42%, and the volatility levels for the last 30 days are 3.74% for Old National Bancorp (ONB). The simple moving average for the last 20 days is 0.47% for ONB stock, with a simple moving average of -23.84% for the last 200 days.
ONB Trading at -5.71% from the 50-Day Moving Average
After a stumble in the market that brought ONB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.90% of loss for the given period.
Volatility was left at 3.74%, however, over the last 30 days, the volatility rate increased by 3.42%, as shares sank -5.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.68% lower at present.
During the last 5 trading sessions, ONB fell by -2.23%, which changed the moving average for the period of 200-days by -26.44% in comparison to the 20-day moving average, which settled at $12.65. In addition, Old National Bancorp saw -29.14% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ONB starting from Moran John V, who purchase 2,500 shares at the price of $19.85 back on May 09. After this action, Moran John V now owns 2,500 shares of Old National Bancorp, valued at $49,625 using the latest closing price.
Ryan James C III, the CHIEF EXECUTIVE OFFICER of Old National Bancorp, purchase 8,200 shares at $12.22 during a trade that took place back on May 04, which means that Ryan James C III is holding 625,066 shares at $100,203 based on the most recent closing price.
Stock Fundamentals for ONB
Equity return is now at value 12.00, with 1.30 for asset returns.
Conclusion
In summary, Old National Bancorp (ONB) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
