On Holding AG [ONON] stock prices are down -0.08% to $50.61 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 4.76% over the last week, with a monthly amount drifted -1.02%, and not 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 23, 2024, when BofA Securities upgraded its rating to a Neutral and also boosted its price target to $55 from $21. Previously, HSBC Securities started tracking the stock with Hold rating on September 05, 2024, and set its price target to $52. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $46 on July 31, 2024. Bernstein initiated its recommendation with a Outperform and recommended $50 as its price target on June 11, 2024. Telsey Advisory Group reiterated a Outperform rating for this stock on June 07, 2024, and upped its price target to $47. In a note dated May 28, 2024, Truist upgraded an Buy rating on this stock and boosted its target price from $34 to $46.
The stock price of On Holding AG [ONON] has been fluctuating between $24.15 and $52.80 over the past year. Currently, Wall Street analysts expect the stock to reach $46 within the next 12 months. On Holding AG [NYSE: ONON] shares were valued at $50.61 at the most recent close of the market. An investor can expect a potential drop of -9.11% 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 50.17 points at the first support level, and at 49.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.21, and for the 2nd resistance point, it is at 51.80.
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 7.18, the price to book ratio is 11.83 and price to earnings (TTM) ratio is 94.63.
Transactions by insiders
Recent insider trading involved Olivier Bernhard, Other: Co-Founder, that happened on Oct 01 ’24 when 0.84 million shares were purchased. Officer, Marc Maurer completed a deal on Oct 01 ’24 to buy 0.52 million shares. Meanwhile, Officer Martin Hoffman bought 0.34 million shares on Oct 01 ’24.
