On Holding AG (NYSE: ONON) has a price-to-earnings ratio that is above its average at 117.88x. The stock has a 36-month beta value of 2.26. Opinions on the stock are mixed, with 14 analysts rating it as a “buy,” 8 as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for ONON is 213.21M, and at present, short sellers hold a 10.60% of that float. On November 19, 2024, the average trading volume of ONON was 4.29M shares.
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ONON) stock’s latest price update
On Holding AG (NYSE: ONON) has seen a decline in its stock price by -0.83 in relation to its previous close of 51.92. However, the company has experienced a -2.31% decline in its stock price over the last five trading sessions. youtube.com reported 2024-11-18 that The Investment Committee give you their top stocks to watch for the second half.
ONON’s Market Performance
ONON’s stock has fallen by -2.31% in the past week, with a monthly rise of 6.54% and a quarterly rise of 23.39%. The volatility ratio for the week is 5.02% while the volatility levels for the last 30 days are 3.97% for On Holding AG The simple moving average for the past 20 days is 3.40% for ONON’s stock, with a 28.34% simple moving average for the past 200 days.
Analysts’ Opinion of ONON
Many brokerage firms have already submitted their reports for ONON stocks, with BTIG Research repeating the rating for ONON by listing it as a “Buy.” The predicted price for ONON in the upcoming period, according to BTIG Research is $64 based on the research report published on November 13, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see ONON reach a price target of $62, previously predicting the price at $53. The rating they have provided for ONON stocks is “Outperform” according to the report published on November 13th, 2024.
Telsey Advisory Group gave a rating of “Outperform” to ONON, setting the target price at $53 in the report published on November 06th of the current year.
ONON Trading at 3.60% 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 -8.77% of loss for the given period.
Volatility was left at 3.97%, however, over the last 30 days, the volatility rate increased by 5.02%, as shares surge +6.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.07% upper at present.
During the last 5 trading sessions, ONON fell by -2.31%, which changed the moving average for the period of 200-days by +85.88% in comparison to the 20-day moving average, which settled at $49.80. In addition, On Holding AG saw 90.92% 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 10.66, with 6.59 for asset returns.
Currently, EBITDA for the company is 229.72 million with net debt to EBITDA at -2.83. When we switch over and look at the enterprise to sales, we see a ratio of 6.91. The receivables turnover for the company is 6.23for trailing twelve months and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.91.
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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
