On Holding AG (NYSE: ONON) has a higher price-to-earnings ratio of 117.91x compared to its average ratio. ONON has 36-month beta value of 2.16. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ONON is 196.04M, and currently, short sellers hold a 14.96% ratio of that float. The average trading volume of ONON on April 23, 2024 was 5.23M shares.
ONON) stock’s latest price update
On Holding AG (NYSE: ONON) has experienced a rise in its stock price by 1.11 compared to its previous closing price of 31.58. However, the company has seen a fall of -0.87% in its stock price over the last five trading days. InvestorPlace reported 2024-04-15 that Popular activewear stocks have really taken a beating over the past several months, led lower by such names as yoga top dog Lululemon (NASDAQ: LULU ), which is now down a whopping 34% from its late-2023 high, and sneaker behemoth Nike (NYSE: NKE ), down 48% from its late-2021 peak. Undoubtedly, the period of weakness has caused some to draw comparisons to perpetual apparel underperformer Under Armor (NYSE: UA ), which is off more than 85% from its 2016 all-time high.
ONON’s Market Performance
ONON’s stock has fallen by -0.87% in the past week, with a monthly drop of -10.33% and a quarterly rise of 13.23%. The volatility ratio for the week is 3.72% while the volatility levels for the last 30 days are 3.50% for On Holding AG The simple moving average for the past 20 days is -4.18% for ONON’s stock, with a 6.42% simple moving average for the past 200 days.
Analysts’ Opinion of ONON
Barclays, on the other hand, stated in their research note that they expect to see ONON reach a price target of $38. The rating they have provided for ONON stocks is “Overweight” according to the report published on April 01st, 2024.
Redburn Atlantic gave a rating of “Neutral” to ONON, setting the target price at $34 in the report published on March 07th of the current year.
ONON Trading at -2.95% 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 -13.89% of loss for the given period.
Volatility was left at 3.50%, however, over the last 30 days, the volatility rate increased by 3.72%, as shares sank -8.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.76% upper at present.
During the last 5 trading sessions, ONON fell by -0.87%, which changed the moving average for the period of 200-days by +0.41% in comparison to the 20-day moving average, which settled at $33.18. In addition, On Holding AG saw 18.39% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ONON
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.6 for the gross margin
The net margin for On Holding AG stands at 0.05. The total capital return value is set at 0.14. Equity return is now at value 7.56, with 5.16 for asset returns.
Based on On Holding AG (ONON), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.91. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 16.86.
Currently, EBITDA for the company is 229.72 million with net debt to EBITDA at -1.01. When we switch over and look at the enterprise to sales, we see a ratio of 5.11. The receivables turnover for the company is 8.64for trailing twelve months and the total asset turnover is 1.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.77.
Conclusion
To put it simply, On Holding AG (ONON) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
