On Holding AG (NYSE:ONON) finished Thursday with a subtraction of -$1.48 to close at $28.40, a downside of -4.95 percent. An average of 4,438,620 shares of common stock have been traded in the last five days. There was a fall of -$2.26 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 5,051,280 shares traded, while the 50-day average volume stands at 4,181,838.
ONON stock has decreased by -21.50% in the last month. The company shares reached their 1-month lowest point of $27.21 on 08/23/23. With the stock rallying to its 52-week high on 08/10/23, shares of the company touched a low of $15.44 and a high of $37.08 in 52 weeks. It has reached a new high 31 times so far this year and achieved 65.50% or $11.24 in price. In spite of this, the price is down -23.41% from the 52-week high.
Valuation Metrics
On Holding AG (ONON) has a trailing price-to-earnings (P/E) ratio of 193.20. The stock’s beta is 2.28. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.14, the price-to-book (PB) ratio at 7.74.
Financial Health
The quick ratio of On Holding AG for the recent quarter was 2.20, and the current ratio was 3.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.14 and a total debt to equity ratio of 0.16 for the recent quarter. On Holding AG’s EBITDA margin is 10.76%, while its operating margin for the same period stands at 8.80%. Its gross profit as reported stood at $717.71 million compared to revenue of $1.28 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $57.7 million in the quarter, while revenues were grew 395.03%.
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 24 August was 25.49%, suggesting the stock is oversold, with historical volatility in this time frame at 77.12%.
As of today, ONON’s price is $29.53 -7.37% or -$2.26 from its 5-day moving average. ONON is currently trading -16.15% lower than its 20-day SMA and -8.48% lower than its 100-day SMA. However, the stock’s current price level is -4.51% below the SMA50 and +61.09% above the SMA200.
The stochastic %K and %D were 16.28% and 15.92%, respectively, and the average true range (ATR) was 1.80. With the 14-day stochastic at 12.06% and the average true range at 1.73, the RSI (14) stands at 31.73%. The stock has reached -1.12 on the 9-day MACD Oscillator while the 14-day reading was at -2.98.
Analyst Ratings
BTIG Research upgraded On Holding AG (NYSE: ONON) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Sell. The consensus rating for On Holding AG (ONON) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell ONON, while 2 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 11 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 $17.93 and $42.14, with a median target of $31.53. Taking a look at these predictions, the average price target given by analysts for On Holding AG (ONON) stock is $31.28.
