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 companyâ€™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 Thatâ€™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 â€śbuy,â€ť while 1 rated the stock as â€śoverweight,â€ť 3 rated it as â€śhold,â€ť and 0 as â€śsell.â€ť
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.
ONONâ€™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.
Analystsâ€™ 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 â€śOverweightâ€ť according to the report published on July 26th, 2022.
BofA Securities gave a rating of â€śUnderperformâ€ť 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.