The stock of On Holding AG (NYSE: ONON) has decreased by -0.43 when compared to last closing price of 46.50. Despite this, the company has experienced a -8.52% fall in its stock price over the last five trading sessions. zacks.com reported 2024-11-01 that In the closing of the recent trading day, On Holding (ONON) stood at $46.50, denoting a -1.94% change from the preceding trading day.
Is It Worth Investing in On Holding AG (NYSE: ONON) Right Now?
The price-to-earnings ratio for On Holding AG (NYSE: ONON) is 86.57x, which is above its average ratio. Moreover, the 36-month beta value for ONON is 2.25. Analysts have varying opinions on the stock, with 14 analysts rating it as a “buy,” 5 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for ONON is 209.41M and currently, short sellers hold a 11.04% of that float. On November 05, 2024, ONON’s average trading volume was 4.55M shares.
ONON’s Market Performance
ONON’s stock has seen a -8.52% decrease for the week, with a -10.46% drop in the past month and a 22.39% gain in the past quarter. The volatility ratio for the week is 3.24%, and the volatility levels for the past 30 days are at 3.23% for On Holding AG The simple moving average for the past 20 days is -5.45% for ONON’s stock, with a 18.98% simple moving average for the past 200 days.
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 -4.82% 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 -12.31% of loss for the given period.
Volatility was left at 3.23%, however, over the last 30 days, the volatility rate increased by 3.24%, as shares sank -8.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.88% upper at present.
During the last 5 trading sessions, ONON fell by -8.52%, which changed the moving average for the period of 200-days by +65.59% in comparison to the 20-day moving average, which settled at $48.97. In addition, On Holding AG saw 71.67% 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 841,900 shares at the price of $50.15 back on Oct 01 ’24. After this action, Olivier Bernhard now owns shares of On Holding AG, valued at $42,221,285 using the latest closing price.
Marc Maurer, the Officer of On Holding AG, proposed sale 524,041 shares at $50.15 during a trade that took place back on Oct 01 ’24, which means that Marc Maurer is holding shares at $26,280,656 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 6.28. 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
To wrap up, the performance of On Holding AG (ONON) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
