On Holding AG [ONON] stock prices are down -0.35% to $56.45 at the moment. 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 lost -0.34% over the last week, with a monthly amount drifted -2.89%, and not 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 December 18, 2024, when Citigroup initiated its Neutral rating and assigned the stock a price target of $65. Previously, Needham started tracking the stock with Buy rating on November 22, 2024, and set its price target to $64. On November 21, 2024, upgrade upgraded it’s rating to Strong Buy and revised its price target to $63 on the stock. BTIG Research upgraded its rating to a Buy but stick to its price target of $64 on November 13, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and raised its price target to $62 on November 13, 2024. Telsey Advisory Group reiterated a Outperform rating for this stock on November 06, 2024, and upped its price target to $53. In a note dated September 23, 2024, BofA Securities upgraded an Neutral rating on this stock and boosted its target price from $21 to $55.
The stock price of On Holding AG [ONON] has been fluctuating between $25.78 and $60.12 over the past year. 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 $56.45 at the most recent close of the market. An investor can expect a potential drop of -4.48% 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 0.07%, 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 56.17 points at the first support level, and at 55.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.75, and for the 2nd resistance point, it is at 57.04.
Ratios To Look Out For
It’s worth pointing out that On Holding AG [NYSE:ONON]’s Current Ratio is 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 7.36, the price to book ratio is 12.17 and price to earnings (TTM) ratio is 129.24.
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.
