The stock of On Holding AG (ONON) has gone up by 13.56% for the week, with a 15.44% rise in the past month and a 22.02% rise in the past quarter. The volatility ratio for the week is 4.01%, and the volatility levels for the past 30 days are 4.00% for ONON. The simple moving average for the last 20 days is 13.42% for ONON’s stock, with a simple moving average of 43.25% for the last 200 days.
Is It Worth Investing in On Holding AG (NYSE: ONON) Right Now?
The price-to-earnings ratio for On Holding AG (NYSE: ONON) is above average at 133.86x, Company’s 36-month beta value is 2.30.Analysts have differing opinions on the stock, with 15 analysts rating it as a “buy,” 8 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for ONON is 213.21M, and currently, short sellers hold a 10.60% ratio of that floaft. The average trading volume of ONON on November 26, 2024 was 4.20M shares.
ONON) stock’s latest price update
On Holding AG (NYSE: ONON)’s stock price has soared by 0.58 in relation to previous closing price of 58.13. Nevertheless, the company has seen a gain of 13.56% in its stock price over the last five trading days. fool.com reported 2024-11-23 that 2 Supercharged Growth Stocks That Are Crushing the Market
Analysts’ Opinion of ONON
Many brokerage firms have already submitted their reports for ONON stocks, with Needham repeating the rating for ONON by listing it as a “Buy.” The predicted price for ONON in the upcoming period, according to Needham is $64 based on the research report published on November 22, 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 $63, previously predicting the price at $58. The rating they have provided for ONON stocks is “Strong Buy” according to the report published on November 21st, 2024.
BTIG Research gave a rating of “Buy” to ONON, setting the target price at $64 in the report published on November 13th of the current year.
ONON Trading at 15.75% 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 -0.06% of loss for the given period.
Volatility was left at 4.00%, however, over the last 30 days, the volatility rate increased by 4.01%, as shares surge +15.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.22% upper at present.
During the last 5 trading sessions, ONON rose by +13.56%, which changed the moving average for the period of 200-days by +98.20% in comparison to the 20-day moving average, which settled at $51.55. In addition, On Holding AG saw 116.80% 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 0.06. The total capital return value is set at 0.13. 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 -3.15. When we switch over and look at the enterprise to sales, we see a ratio of 7.37. The receivables turnover for the company is 6.71for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.91.
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.
