The stock of On Holding AG (NYSE:ONON) decreased by -$0.56 on Monday to $28.19, down -1.95 percent. The last five days have seen an average of 3,527,290 shares of common stock traded. 31 times new highs were reached in the current year, with a gain of $11.06. The average number of shares traded over the last 20 days was 4,783,788, while the average volume over the last 50 days totaled 4,079,743.
ONON stock dropped -19.98% since last month. On 08/23/23, the company’s shares reached a one-month low of $27.21. The stock touched a high of $37.08 on 08/10/23, after rallying from a low of $15.44 in 52 weeks. The price of ONON stock has risen by 64.28% or $11.06 this year, reaching a new high 31 times. Still, the stock price is down -23.98% from the 52-week high.
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Valuation Metrics
On Holding AG (ONON) has a trailing price-to-earnings (P/E) ratio of 193.08. Beta for the stock is 2.29. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.01, the price-to-book (PB) ratio of 7.74.
Financial Health
For the recent quarter, On Holding AG’s quick ratio was 2.20, while its current ratio was 3.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.14, and the total debt to equity ratio is 0.16. As far as profitability goes, gross margin for the trailing twelve months is 58.50% percent. On Holding AG’s EBITDA margin for the recent year was 10.76%, whereas its operating margin stood at 8.80% for the same period. Based on annual data, it had gross profit of $717.71 million and revenue of $1.28 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ONON’s return on assets (ROA) during the last 12 months has been 2.80%. There was a 5.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 4.20%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.22 billion, while revenues rose by 40.71% to $0.0. EBITDA was $60.06 million for the quarter. At the end of On Holding AG’s most recent quarter, its liabilities totaled 567.77 million, while its total debt was $164.3 million.
Technical Picture
Here’s a quick look at On Holding AG’s (ONON) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 26.89%, suggesting the stock is oversold, with a 33.63% historical volatility rate.
The stochastic %K and %D were 12.63% and 15.72% respectively, while the average true range (ATR) was 1.63. Based on the 14-day stochastic reading of 10.23%, the RSI (14) reading is 32.23%. On the 9-day MACD Oscillator, the stock is at -1.06, and the 14-day reading is at -2.74.
Analyst Ratings
In its most recent analyst report, BTIG Research raised its rating on On Holding AG (NYSE: ONON) to a Neutral. Prior to this, analysts firm rated the stock as a Sell. Analysts have assigned On Holding AG (ONON) an Overweight rating. ONON is a stock that is recommended for selling by 1 brokerage firm, while 2 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 11 others recommend it as a buy.
What is ONON’s price target for the next 12 months?
The current consensus forecast for the stock is between $17.93 and $42.14, with a median target price of $31.53. In analyzing these forecasts, the average price target given by analysts for On Holding AG (ONON) is $31.28.
