Are You Looking To Buy On Holding AG (ONON)? First, Read This

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KOSK
KOSK

On Holding AG (NYSE:ONON) finished Wednesday with an addition of $0.01 to close at $17.74, an upside of 0.06 percent. An average of 2,516,920 shares of common stock have been traded in the last five days. There was a fall of -$1.49 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 2,184,420 shares traded, while the 50-day average volume stands at 2,297,786.

ONON stock has decreased by -18.32% in the last month. The company shares reached their 1-month lowest point of $17.67 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $16.16 and a high of $55.87 in 52 weeks. It has reached a new high 1 time so far this year and lost -53.08% or -$20.07 in price. In spite of this, the price is down -68.25% from the 52-week high.


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Financial Health

The quick ratio of On Holding AG for the recent quarter was 3.60, and the current ratio was 4.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.19 and a total debt to equity ratio of 0.22 for the recent quarter. Its gross profit as reported stood at $470.78 million compared to revenue of $792.77 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at On Holding AG (ONON) price momentum. RSI 9-day as of the close on 21 September was 28.56%, suggesting the stock is oversold, with historical volatility in this time frame at 55.81%.

As of today, ONON’s price is $18.09 -7.75% or -$1.49 from its 5-day moving average. ONON is currently trading -18.81% lower than its 20-day SMA and -30.57% lower than its 100-day SMA. However, the stock’s current price level is +2.42% above the SMA50 and -51.79% below the SMA200.

The stochastic %K and %D were 8.00% and 9.37%, respectively, and the average true range (ATR) was 0.94. With the 14-day stochastic at 2.08% and the average true range at 0.97, the RSI (14) stands at 33.22%. The stock has reached -0.98 on the 9-day MACD Oscillator while the 14-day reading was at -1.16.

Analyst Ratings

Exane BNP Paribas launched coverage on On Holding AG (NYSE: ONON) in its analyst report released on September 21, 2022. The firm assigned the stock an Outperform rating. The consensus rating for On Holding AG (ONON) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ONON, while 3 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.

What is ONON’s price target for the next 12 months?

Analysts predict a range of price targets between $15.85 and $35.31, with a median target of $28.52. Taking a look at these predictions, the average price target given by analysts for On Holding AG (ONON) stock is $27.92.

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