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Highlights from the Ratings and Financial Report for On Holding AG (ONON)

On Holding AG (NYSE:ONON) went up by 0.06% from its latest closing price compared to the recent 1-year high of $55.87. The company’s stock price has collected -7.75% of loss in the last five trading sessions. The Wall Street Journal reported on 07/07/22 that The 100% Recyclable Running Shoe That’s Only Available by Subscription

Is It Worth Investing in On Holding AG (NYSE :ONON) Right Now?

Opinions of the stock are interesting as 8 analysts out of 13 who provided ratings for On Holding AG declared the stock was a “buy,” while 1 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $27.92, which is $11.69 above the current price. ONON currently public float of 175.26M and currently shorts hold a 7.06% ratio of that float. Today, the average trading volume of ONON was 2.14M shares.

ONON’s Market Performance

ONON stocks went down by -7.75% for the week, with a monthly drop of -18.32% and a quarterly performance of 1.78%, while its annual performance rate touched -54.09%. The volatility ratio for the week stands at 4.32% while the volatility levels for the past 30 days are set at 4.30% for On Holding AG. The simple moving average for the period of the last 20 days is -10.58% for ONON stocks with a simple moving average of -27.41% for the last 200 days.

Analysts’ Opinion of ONON

Piper Sandler, on the other hand, stated in their research note that they expect to see ONON reach a price target of $28. The rating they have provided for ONON stocks is “Overweight” according to the report published on July 26th, 2022.

BofA Securities gave a rating of “Underperform” to ONON, setting the target price at $16 in the report published on May 09th of the current year.

ONON Trading at -14.00% from the 50-Day Moving Average

After a stumble in the market that brought ONON to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -68.25% of loss for the given period.

Volatility was left at 4.30%, however, over the last 30 days, the volatility rate increased by 4.32%, as shares sank -18.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.42% upper at present.

During the last 5 trading sessions, ONON fell by -7.75%, which changed the moving average for the period of 200-days by -51.79% in comparison to the 20-day moving average, which settled at $19.63. In addition, On Holding AG saw -53.08% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for ONON

Current profitability levels for the company are sitting at:

  • -19.47 for the present operating margin
  • +55.43 for the gross margin

The net margin for On Holding AG stands at -23.49. Equity return is now at value -12.40, with -8.50 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 4.71.

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