On Holding AG [ONON] stock is trading at $45.90, up 2.98%. 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 8.13% over the last week, with a monthly amount glided 14.12%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Raymond James started tracking the stock with Outperform rating on July 31, 2024, and set its price target to $46. On June 11, 2024, Bernstein initiated with a Outperform rating and assigned a price target of $50 on the stock. Telsey Advisory Group reiterated its Outperform rating and increased its price target to $47 on June 07, 2024. Truist upgraded its rating to a Buy and raised its price target to $46 on May 28, 2024. Telsey Advisory Group reiterated a Outperform rating for this stock on May 15, 2024, and upped its price target to $40. In a note dated April 16, 2024, William Blair initiated an Outperform rating.
On Holding AG [ONON] stock has fluctuated between $23.41 and $45.06 over the past year. Currently, Wall Street analysts expect the stock to reach $43.47 within the next 12 months. On Holding AG [NYSE: ONON] shares were valued at $45.90 at the most recent close of the market. An investor can expect a potential drop of -5.29% based on the average ONON price forecast.
Analyzing the ONON fundamentals
On Holding AG [NYSE:ONON] reported sales of 2.26B for the trailing twelve months, which represents a growth of 26.98%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.14 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
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 44.66 points at the first support level, and at 43.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.54, and for the 2nd resistance point, it is at 47.17.
Ratios To Look Out For
For context, On Holding AG’s Current Ratio is 2.98. Also, the Quick Ratio is 2.18, while the Cash Ratio stands at 1.29. Considering the valuation of this stock, the price to sales ratio is 6.20, the price to book ratio is 10.73 and price to earnings (TTM) ratio is 85.83.
Transactions by insiders
Recent insider trading involved Marc Maurer, Officer, that happened on Aug 26 ’24 when 71692.0 shares were purchased. Other:Co-Founder, Caspar Coppetti completed a deal on Aug 26 ’24 to buy 0.2 million shares. Meanwhile, Other: Co-Founder Olivier Bernhard bought 0.15 million shares on Aug 23 ’24.
