At the time of writing, On Holding AG [ONON] stock is trading at $57.88, up 1.01%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ONON shares have gain 5.20% over the last week, with a monthly amount glided 8.49%, and seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of On Holding AG fluctuated between $25.78 and $60.12. Currently, Wall Street analysts expect the stock to reach $53.92 within the next 12 months. On Holding AG [NYSE: ONON] shares were valued at $57.88 at the most recent close of the market. An investor can expect a potential drop of -6.84% based on the average ONON price forecast.
Analyzing the ONON fundamentals
According to On Holding AG [NYSE:ONON], the company’s sales were 2.45B for trailing twelve months, which represents an 34.93% jump. 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 56.69 points at the first support level, and at 55.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.00, and for the 2nd resistance point, it is at 60.12.
Ratios To Look Out For
It is important to note that On Holding AG [NYSE:ONON] has a current ratio of 2.91. Further, the Quick Ratio stands at 2.25, while the Cash Ratio is 1.4. Considering the valuation of this stock, the price to sales ratio is 7.53, the price to book ratio is 12.47 and price to earnings (TTM) ratio is 132.51.
Transactions by insiders
Recent insider trading involved David Allemann, Other: Co-Founder, that happened on Dec 09 ’24 when 0.35 million shares were purchased. Director, Alexandre Jose Da Costa Perez completed a deal on Dec 06 ’24 to buy 0.5 million shares. Meanwhile, Other: Co-Founder Olivier Bernhard bought 0.84 million shares on Oct 01 ’24.
