On Holding AG [ONON] stock is trading at $32.79, up 1.83%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ONON shares have gain 3.31% over the last week, with a monthly amount glided 23.13%, and seem to be holding up well over a long-time horizon.
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On 20, February 2024, On to Release Fourth Quarter and Full Year 2023 Results on Tuesday, March 12, 2024. In a post published today on Yahoo Finance, Swiss performance sportswear brand On (NYSE: ONON) announced today that the Company will release its fourth quarter and full year 2023 financial results on Tuesday, Mar. 12, 2024 before U.S. financial markets open.
From an analyst’s perspective:
On Holding AG [NYSE: ONON] stock has seen the most recent analyst activity on November 17, 2023, when Truist initiated its Hold rating and assigned the stock a price target of $29. Previously, Evercore ISI started tracking the stock with Outperform rating on November 07, 2023, and set its price target to $38. On October 24, 2023, Redburn Atlantic initiated with a Overweight rating and assigned a price target of $33 on the stock. Robert W. Baird upgraded its rating to a Outperform but stick to its price target of $33 on October 09, 2023. Needham initiated its recommendation with a Buy and recommended $40 as its price target on September 20, 2023. BTIG Research upgraded its rating to Neutral for this stock on July 31, 2023. In a note dated July 31, 2023, BTIG Research initiated an Neutral rating.
On Holding AG [ONON] stock has fluctuated between $19.90 and $37.08 over the past year. Currently, Wall Street analysts expect the stock to reach $32.71 within the next 12 months. On Holding AG [NYSE: ONON] shares were valued at $32.79 at the most recent close of the market. An investor can expect a potential drop of -0.24% based on the average ONON price forecast.
Analyzing the ONON fundamentals
On Holding AG [NYSE:ONON] reported sales of 1.87B for the trailing twelve months, which represents a growth of 60.29%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 32.35 points at the first support level, and at 31.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.26, and for the 2nd resistance point, it is at 33.74.
Ratios To Look Out For
For context, On Holding AG’s Current Ratio is 3.35. In addition, the Quick Ratio stands at 2.21 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 5.57, the price to book ratio is 8.73 and price to earnings (TTM) ratio is 117.61.
