A share price of On Holding AG [ONON] is currently trading at $52.62, down -0.17%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ONON shares have gain 9.90% over the last week, with a monthly amount glided 6.07%, 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 November 06, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $53 from $47. Previously, BofA Securities upgraded its rating to Neutral on September 23, 2024, and elevated its price target to $55. On September 05, 2024, HSBC Securities initiated with a Hold rating and assigned a price target of $52 on the stock. Raymond James initiated its recommendation with a Outperform and recommended $46 as its price target on July 31, 2024. Bernstein started tracking with a Outperform rating for this stock on June 11, 2024, and assigned it a price target of $50. In a note dated June 07, 2024, Telsey Advisory Group reiterated an Outperform rating on this stock and boosted its target price from $40 to $47.
On Holding AG experienced fluctuations in its stock price throughout the past year between $24.15 and $53.72. Currently, Wall Street analysts expect the stock to reach $46.44 within the next 12 months. On Holding AG [NYSE: ONON] shares were valued at $52.62 at the most recent close of the market. An investor can expect a potential drop of -11.74% based on the average ONON price forecast.
Analyzing the ONON fundamentals
Trailing Twelve Months sales for On Holding AG [NYSE:ONON] were 2.45B which represents 34.93% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.07.
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 50.37 points at the first support level, and at 48.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.43, and for the 2nd resistance point, it is at 56.25.
Ratios To Look Out For
To put it in perspective, the Current Ratio for On Holding AG [NYSE:ONON] is 2.91. As well, the Quick Ratio is 2.25, while the Cash Ratio is 1.29. Considering the valuation of this stock, the price to sales ratio is 6.88, the price to book ratio is 12.30 and price to earnings (TTM) ratio is 120.47.
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.
