The stock of On Holding AG (NYSE: ONON) has decreased by -0.55 when compared to last closing price of 32.79.Despite this, the company has seen a gain of 2.13% in its stock price over the last five trading days. InvestorPlace reported 2024-04-23 that Given the stickiness in inflation, avoiding consumer discretionary stocks like athleisure is more prudent. However, with U.S. retail sales showing remarkable resilience in the past few months, you should consider betting on the best athleisure stocks.
Is It Worth Investing in On Holding AG (NYSE: ONON) Right Now?
On Holding AG (NYSE: ONON) has a price-to-earnings ratio that is above its average at 120.33x. The stock has a 36-month beta value of 2.17. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ONON is 196.50M, and at present, short sellers hold a 15.18% of that float. On April 30, 2024, the average trading volume of ONON was 5.07M shares.
ONON’s Market Performance
ONON stock saw a decrease of 2.13% in the past week, with a monthly decline of -7.83% and a quarterly a decrease of 18.62%. The volatility ratio for the week is 2.93%, and the volatility levels for the last 30 days are 3.48% for On Holding AG (ONON). The simple moving average for the past 20 days is -0.36% for ONON’s stock, with a 8.67% 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 -1.57% 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 -12.06% of loss for the given period.
Volatility was left at 3.48%, however, over the last 30 days, the volatility rate increased by 2.93%, as shares sank -7.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.93% upper at present.
During the last 5 trading sessions, ONON rose by +2.13%, which changed the moving average for the period of 200-days by -2.80% in comparison to the 20-day moving average, which settled at $32.60. In addition, On Holding AG saw 20.91% 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 7.57, with 5.15 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 5.21. 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 sum up, On Holding AG (ONON) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
