At the time of writing, On Holding AG [ONON] stock is trading at $41.42, up 6.70%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ONON shares have gain 7.58% over the last week, with a monthly amount glided 8.91%, 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 July 31, 2024, when Raymond James initiated its Outperform rating and assigned the stock a price target of $46. Previously, Bernstein started tracking the stock with Outperform rating on June 11, 2024, and set its price target to $50. On June 07, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $47 on the stock. Truist upgraded its rating to a Buy and increased its price target to $46 on May 28, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and raised its price target to $40 on May 15, 2024. In a note dated April 01, 2024, Barclays initiated an Overweight rating and provided a target price of $38 on this stock.
For the past year, the stock price of On Holding AG fluctuated between $23.41 and $44.30. Currently, Wall Street analysts expect the stock to reach $40.6 within the next 12 months. On Holding AG [NYSE: ONON] shares were valued at $41.42 at the most recent close of the market. An investor can expect a potential drop of -1.98% based on the average ONON price forecast.
Analyzing the ONON fundamentals
According to On Holding AG [NYSE:ONON], the company’s sales were 2.12B for trailing twelve months, which represents an 27.98% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.29.
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 40.25 points at the first support level, and at 39.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.14, and for the 2nd resistance point, it is at 42.87.
Ratios To Look Out For
It is important to note that On Holding AG [NYSE:ONON] has a current ratio of 3.32. Also, the Quick Ratio is 2.43, while the Cash Ratio stands at 1.43. Considering the valuation of this stock, the price to sales ratio is 5.93, the price to book ratio is 10.07 and price to earnings (TTM) ratio is 93.69.
