On Holding AG (NYSE:ONON) saw a downside of -1.72% to close Monday at $29.74 after subtracting -$0.52 on the day. The 5-day average trading volume is 9,629,480 shares of the company’s common stock. It has gained $31.98 in the past week and touched a new high 2 times within the past 5 days. An average of 4,893,420 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,238,728.
ONON’s 1-month performance is -14.10% or -$4.88 on its low of $28.55 reached on 08/15/23. The company’s shares have touched a 52-week low of $15.44 and high of $37.08, with the stock’s rally to the 52-week high happening on 08/10/23. YTD, ONON has achieved 73.31% or $12.58 and has reached a new high 31 times. However, the current price is down -19.80% from the 52-week high price.
Valuation Metrics
ONON stock has a beta of 2.27. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.39 while the price-to-book (PB) in the most recent quarter is 8.10.
On Holding AG’s quick ratio for the recent period was 2.20, with the current ratio over the same period at 3.50. In terms of profitability, the gross margin trailing 12 months is 58.50%. The trailing 12-month EBITDA margin is 10.76%. The firm’s gross profit as reported stood at $717.71 million against revenue of $1.28 billion.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 395.03% to $57.7 million, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than $60.06 million. ONON stock balance sheet for the recent quarter shows that total liabilities totaled 567.77 million, with total debt at $164.3 million.
Let’s look briefly at On Holding AG (ONON) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 27.65% to suggest the stock is trending oversold, with historical volatility in this time period at 76.72%.
The stock’s 5-day moving average is $30.15, reflecting a -14.07% or -$4.87 change from its current price. ONON is currently trading -16.15% above its 20-day SMA, +0.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.55% and SMA200 by+67.93%.
Stochastic %K and %D was 19.58% and 20.45% and the average true range (ATR) pointed at 1.76. The RSI (14) points at 34.42%, while the 14-day stochastic is at 13.95% with the period’s ATR at 1.69. The stock’s 9-day MACD Oscillator is pointing at -2.24 and -3.26 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for On Holding AG (NYSE: ONON), BTIG Research upgraded it to a Neutral rating. They previously had a Sell rating on the stock. Analysts offering their rating for ONON stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate ONON as a “sell,”, while 2 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 11 have offered a “buy” rating.
What is ONON’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $17.93 and a high of $42.14, with their median price target at $31.53. Looking at these predictions, the average price target given by analysts is for On Holding AG (ONON) stock is $31.28.
