The stock of On Holding AG (ONON) has gone up by 2.36% for the week, with a 10.27% rise in the past month and a 31.78% rise in the past quarter. The volatility ratio for the week is 2.37%, and the volatility levels for the past 30 days are 3.78% for ONON. The simple moving average for the last 20 days is 6.40% for ONON stock, with a simple moving average of 41.69% for the last 200 days.
Is It Worth Investing in On Holding AG (NYSE: ONON) Right Now?
On Holding AG (NYSE: ONON) has a higher price-to-earnings ratio of 95.61x compared to its average ratio, The 36-month beta value for ONON is at 2.25. Analysts have varying views on the stock, with 12 analysts rating it as a “buy,” 5 rating it as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for ONON is 209.41M, and currently, shorts hold a 14.25% of that float. The average trading volume for ONON on September 30, 2024 was 5.08M shares.
ONON) stock’s latest price update
On Holding AG (NYSE: ONON) has seen a decline in its stock price by -0.85 in relation to its previous close of 51.57. However, the company has experienced a 2.36% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-27 that In the most recent trading session, On Holding (ONON) closed at $51.13, indicating a -0.85% shift from the previous trading day.
Analysts’ Opinion of ONON
Many brokerage firms have already submitted their reports for ONON stocks, with BofA Securities repeating the rating for ONON by listing it as a “Neutral.” The predicted price for ONON in the upcoming period, according to BofA Securities is $55 based on the research report published on September 23, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see ONON reach a price target of $52. The rating they have provided for ONON stocks is “Hold” according to the report published on September 05th, 2024.
Piper Sandler gave a rating of “Overweight” to ONON, setting the target price at $52 in the report published on August 23rd of the current year.
ONON Trading at 16.64% 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 -1.97% of loss for the given period.
Volatility was left at 3.78%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares surge +8.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.44% upper at present.
During the last 5 trading sessions, ONON rose by +2.36%, which changed the moving average for the period of 200-days by +80.93% in comparison to the 20-day moving average, which settled at $48.27. In addition, On Holding AG saw 89.58% 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 Caspar Coppetti, who proposed sale 938,200 shares at the price of $50.57 back on Sep 25 ’24. After this action, Caspar Coppetti now owns shares of On Holding AG, valued at $47,444,774 using the latest closing price.
Martin Hoffman, the Officer of On Holding AG, proposed sale 20,000 shares at $49.25 during a trade that took place back on Sep 18 ’24, which means that Martin Hoffman is holding shares at $985,000 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 11.07.
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 6.76. 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 conclusion, On Holding AG (ONON) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
