On Holding AG [ONON] stock is trading at $58.13, up 3.45%. 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 11.96% over the last week, with a monthly amount glided 22.15%, 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 22, 2024, when Needham initiated its Buy rating and assigned the stock a price target of $64. Previously, Raymond James upgraded its rating to Strong Buy on November 21, 2024, and elevated its price target to $63. On November 13, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $64 on the stock. Telsey Advisory Group reiterated its Outperform rating and increased its price target to $62 on November 13, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and raised its price target to $53 on November 06, 2024. BofA Securities upgraded its rating to Neutral for this stock on September 23, 2024, and upped its price target to $55. In a note dated September 05, 2024, HSBC Securities initiated an Hold rating and provided a target price of $52 on this stock.
On Holding AG [ONON] stock has fluctuated between $25.78 and $56.66 over the past year. Currently, Wall Street analysts expect the stock to reach $49.39 within the next 12 months. On Holding AG [NYSE: ONON] shares were valued at $58.13 at the most recent close of the market. An investor can expect a potential drop of -15.04% based on the average ONON price forecast.
Analyzing the ONON fundamentals
On Holding AG [NYSE:ONON] reported sales of 2.45B for the trailing twelve months, which represents a growth 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 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.11 and Total Capital is 0.13.
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 57.17 points at the first support level, and at 56.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.80, and for the 2nd resistance point, it is at 59.47.
Ratios To Look Out For
For context, On Holding AG’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 7.87, the price to book ratio is 12.53 and price to earnings (TTM) ratio is 133.08.
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.
