On Holding AG [ONON] stock prices are up 3.71% to $53.40 at the moment. 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 1.48% over the last week, with a monthly amount glided 10.54%, 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 13, 2024, when BTIG Research upgraded its rating to a Buy but kept the price target unchanged to $64 for it. Previously, Telsey Advisory Group reaffirmed its Outperform rating on November 13, 2024, and elevated its price target to $62. On November 06, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $53 on the stock. BofA Securities upgraded its rating to a Neutral and increased its price target to $55 on September 23, 2024. HSBC Securities initiated its recommendation with a Hold and recommended $52 as its price target on September 05, 2024. In a note dated July 31, 2024, Raymond James initiated an Outperform rating and provided a target price of $46 on this stock.
The stock price of On Holding AG [ONON] has been fluctuating between $25.78 and $56.44 over the past year. Currently, Wall Street analysts expect the stock to reach $48.59 within the next 12 months. On Holding AG [NYSE: ONON] shares were valued at $53.40 at the most recent close of the market. An investor can expect a potential drop of -9.01% based on the average ONON price forecast.
Analyzing the ONON fundamentals
The On Holding AG [NYSE:ONON] reported sales of 2.45B for trailing twelve months, representing a surge of 34.93%. 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 0.07, Equity is 0.13 and Total Capital is 0.12.
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 51.17 points at the first support level, and at 48.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.75, and for the 2nd resistance point, it is at 56.11.
Ratios To Look Out For
It’s worth pointing out that On Holding AG [NYSE:ONON]’s Current Ratio is 2.91. As well, the Quick Ratio is 2.25, while the Cash Ratio is 1.4. Considering the valuation of this stock, the price to sales ratio is 6.99, the price to book ratio is 11.51 and price to earnings (TTM) ratio is 122.25.
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.
