The price-to-earnings ratio for On Holding AG (NYSE: ONON) is above average at 129.24x. The 36-month beta value for ONON is also noteworthy at 2.30. There are mixed opinions on the stock, with 15 analysts rating it as a “buy,” 8 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for ONON is 213.21M, and at present, short sellers hold a 9.06% of that float. The average trading volume of ONON on December 26, 2024 was 3.42M shares.
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ONON) stock’s latest price update
On Holding AG (NYSE: ONON)’s stock price has gone decline by -0.35 in comparison to its previous close of 56.65, however, the company has experienced a -0.34% decrease in its stock price over the last five trading days. youtube.com reported 2024-12-19 that Nike (NKE) is scheduled to report earnings after hours and has a recent history of making big moves in past quarters. Zach Warring believes the company has room to run up, arguing investor “expectations are too low.
ONON’s Market Performance
On Holding AG (ONON) has experienced a -0.34% fall in stock performance for the past week, with a -2.89% drop in the past month, and a 12.45% rise in the past quarter. The volatility ratio for the week is 3.96%, and the volatility levels for the past 30 days are at 3.31% for ONON. The simple moving average for the last 20 days is -1.50% for ONON’s stock, with a simple moving average of 30.42% for the last 200 days.
Analysts’ Opinion of ONON
Many brokerage firms have already submitted their reports for ONON stocks, with Citigroup repeating the rating for ONON by listing it as a “Neutral.” The predicted price for ONON in the upcoming period, according to Citigroup is $65 based on the research report published on December 18, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see ONON reach a price target of $64. The rating they have provided for ONON stocks is “Buy” according to the report published on November 22nd, 2024.
Raymond James gave a rating of “Strong Buy” to ONON, setting the target price at $63 in the report published on November 21st of the current year.
ONON Trading at 5.89% 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 -6.10% of loss for the given period.
Volatility was left at 3.31%, however, over the last 30 days, the volatility rate increased by 3.96%, as shares sank -3.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.79% upper at present.
During the last 5 trading sessions, ONON fell by -0.34%, which changed the moving average for the period of 200-days by +67.91% in comparison to the 20-day moving average, which settled at $57.31. In addition, On Holding AG saw 109.31% 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 David Allemann, who proposed sale 349,960 shares at the price of $55.02 back on Dec 09 ’24. After this action, David Allemann now owns shares of On Holding AG, valued at $19,254,799 using the latest closing price.
Alexandre Jose Da Costa Perez, the Director of On Holding AG, proposed sale 502,000 shares at $57.64 during a trade that took place back on Dec 06 ’24, which means that Alexandre Jose Da Costa Perez is holding shares at $28,935,280 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 141.0 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 7.2. 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 summary, On Holding AG (ONON) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
