On Holding AG [ONON] stock prices are up 4.74% to $40.23 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ONON shares have gain 5.54% over the last week, with a monthly amount glided 25.95%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On Holding AG [NYSE: ONON] stock has seen the most recent analyst activity on May 15, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $40 from $37. On April 01, 2024, Barclays initiated with a Overweight rating and assigned a price target of $38 on the stock. Redburn Atlantic downgraded its rating to a Neutral but stick to its price target of $34 on March 07, 2024. Truist initiated its recommendation with a Hold and recommended $29 as its price target on November 17, 2023. Evercore ISI started tracking with a Outperform rating for this stock on November 07, 2023, and assigned it a price target of $38. In a note dated October 24, 2023, Redburn Atlantic initiated an Overweight rating and provided a target price of $33 on this stock.
The stock price of On Holding AG [ONON] has been fluctuating between $23.41 and $38.94 over the past year. Currently, Wall Street analysts expect the stock to reach $38.38 within the next 12 months. On Holding AG [NYSE: ONON] shares were valued at $40.23 at the most recent close of the market. An investor can expect a potential drop of -4.6% based on the average ONON price forecast.
Analyzing the ONON fundamentals
The On Holding AG [NYSE:ONON] reported sales of 2.12B for trailing twelve months, representing a surge of 27.98%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.12 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.
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 39.23 points at the first support level, and at 38.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.77, and for the 2nd resistance point, it is at 41.32.
Ratios To Look Out For
It’s worth pointing out that On Holding AG [NYSE:ONON]’s Current Ratio is 3.32. Further, the Quick Ratio stands at 2.43, while the Cash Ratio is 1.43. Considering the valuation of this stock, the price to sales ratio is 5.75, the price to book ratio is 9.78 and price to earnings (TTM) ratio is 91.00.
