On Holding AG [ONON] stock prices are up 2.57% to $49.88 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ONON shares have gain 12.44% over the last week, with a monthly amount glided 16.73%, 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 September 05, 2024, when HSBC Securities initiated its Hold rating and assigned the stock a price target of $52. On July 31, 2024, Raymond James initiated with a Outperform rating and assigned a price target of $46 on the stock. Bernstein started tracking the stock assigning a Outperform rating and suggested a price target of $50 on June 11, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and raised its price target to $47 on June 07, 2024. Truist upgraded its rating to Buy for this stock on May 28, 2024, and upped its price target to $46. In a note dated May 15, 2024, Telsey Advisory Group reiterated an Outperform rating on this stock and boosted its target price from $37 to $40.
The stock price of On Holding AG [ONON] has been fluctuating between $23.41 and $49.35 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 $49.88 at the most recent close of the market. An investor can expect a potential drop of -12.85% based on the average ONON price forecast.
Analyzing the ONON fundamentals
The On Holding AG [NYSE:ONON] reported sales of 2.26B for trailing twelve months, representing a surge 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 49.00 points at the first support level, and at 48.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.42, and for the 2nd resistance point, it is at 50.97.
Ratios To Look Out For
It’s worth pointing out that On Holding AG [NYSE:ONON]’s Current Ratio is 2.98. On the other hand, the Quick Ratio is 2.18, and the Cash Ratio is 1.29. Considering the valuation of this stock, the price to sales ratio is 7.08, the price to book ratio is 11.66 and price to earnings (TTM) ratio is 93.27.
Transactions by insiders
Recent insider trading involved FOX KENNETH A, Director, that happened on Sep 06 ’24 when 0.4 million shares were purchased. Other: Co-Founder, David Allemann completed a deal on Sep 05 ’24 to buy 0.38 million shares. Meanwhile, Officer Maurer Marc bought 0.12 million shares on Sep 04 ’24.
