The price-to-earnings ratio for On Holding AG (NYSE: ONON) is above average at 83.99x, Company’s 36-month beta value is 2.23.Analysts have differing opinions on the stock, with 11 analysts rating it as a “buy,” 5 as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for ONON is 198.03M, and currently, short sellers hold a 15.20% ratio of that floaft. The average trading volume of ONON on August 26, 2024 was 5.07M shares.
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ONON) stock’s latest price update
On Holding AG (NYSE: ONON)’s stock price has gone rise by 0.78 in comparison to its previous close of 44.57, however, the company has experienced a 5.81% increase in its stock price over the last five trading days. fool.com reported 2024-08-24 that According to some reports, consumers are looking for cheaper prices, which might not be in On’s favor in the back half of 2024. One of On’s rivals is intent on reasserting its dominance in the space, which means things aren’t going to be easy.
ONON’s Market Performance
ONON’s stock has risen by 5.81% in the past week, with a monthly rise of 11.68% and a quarterly rise of 11.65%. The volatility ratio for the week is 3.59% while the volatility levels for the last 30 days are 4.50% for On Holding AG The simple moving average for the past 20 days is 10.59% for ONON’s stock, with a 32.82% simple moving average for the past 200 days.
Analysts’ Opinion of ONON
Many brokerage firms have already submitted their reports for ONON stocks, with Piper Sandler repeating the rating for ONON by listing it as a “Overweight.” The predicted price for ONON in the upcoming period, according to Piper Sandler is $52 based on the research report published on August 23, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see ONON reach a price target of $46. The rating they have provided for ONON stocks is “Outperform” according to the report published on July 31st, 2024.
Bernstein gave a rating of “Outperform” to ONON, setting the target price at $50 in the report published on June 11th of the current year.
ONON Trading at 13.00% 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 -0.32% of loss for the given period.
Volatility was left at 4.50%, however, over the last 30 days, the volatility rate increased by 3.59%, as shares surge +11.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.93% upper at present.
During the last 5 trading sessions, ONON rose by +5.03%, which changed the moving average for the period of 200-days by +55.29% in comparison to the 20-day moving average, which settled at $40.85. In addition, On Holding AG saw 66.54% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ONON starting from Olivier Bernhard, who proposed sale 150,000 shares at the price of $43.19 back on Aug 23 ’24. After this action, Olivier Bernhard now owns shares of On Holding AG, valued at $6,478,500 using the latest closing price.
David Allemann, the Other: Co-Founder of On Holding AG, proposed sale 160,000 shares at $43.35 during a trade that took place back on Aug 22 ’24, which means that David Allemann is holding shares at $6,936,000 based on the most recent closing price.
Stock Fundamentals for ONON
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.6 for the gross margin
The net margin for On Holding AG stands at 0.08. The total capital return value is set at 0.12. Equity return is now at value 13.90, with 8.76 for asset returns.
Based on On Holding AG (ONON), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 4.93. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 10.06.
Currently, EBITDA for the company is 229.72 million with net debt to EBITDA at -1.07. When we switch over and look at the enterprise to sales, we see a ratio of 6.01. The receivables turnover for the company is 5.4for trailing twelve months and the total asset turnover is 0.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.98.
Conclusion
In a nutshell, On Holding AG (ONON) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
