As of Friday close, On Holding AG’s (NYSE:ONON) stock was down -$0.68, moving down -2.36 percent to $28.08. The average number of shares traded per day over the past five days has been 3,136,120 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.87 fall in that time frame. In the last twenty days, the average volume was 3,415,035, while in the previous 50 days, it was 4,122,950.
Since last month, ONON stock retreated -6.02%. Shares of the company fell to $27.21 on 08/23/23, the lowest level in the past month. A 52-week high of $37.08 was reached on 08/10/23 after having rallying from a 52-week low of $15.44. Since the beginning of this year, ONON’s stock price has risen by 63.64% or $10.92, and marked a new high 31 times. However, the stock has declined by -24.27% since its 52-week high.
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Valuation Metrics
Right now, On Holding AG (ONON) has a P/E ratio of about 195.00. The stock’s beta is 2.22. Besides these, the trailing price-to-sales (P/S) ratio of 5.24, the price-to-book (PB) ratio of 7.80.
Financial Health
In the recent quarter, On Holding AG’s quick ratio stood at 2.20, while its current ratio was 3.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.14, and the total debt-to-equity ratio was 0.16. On the profitability front, the trailing twelve-month gross margin is 58.50% percent. In the recent year, EBITDA margin amounted to 10.76%, whereas operating margins totaled 8.80%. Based on annual data, ONON earned $717.71 million in gross profit and brought in $1.28 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.70%. Return on equity (ROE) for the past 12 months was 4.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ONON’s revenue rose 40.71% during the quarter, while net income inched up to $1.22 billion. During the quarter, the company generated $60.06 million in EBITDA. The liabilities of On Holding AG were 567.77 million at the end of its most recent quarter, and its total debt was $164.3 million.
Technical Picture
This quick technical analysis looks at On Holding AG’s (ONON) price momentum. With a historical volatility rate of 39.89%, the RSI 9-day stood at 34.56% on 22 September.
With respect to its five-day moving average, the current On Holding AG price is down by -6.24% percent or -$1.87. At present, ONON shares trade -1.13% below its 20-day simple moving average and -13.39% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.30% below its SMA50 and +48.89% above its SMA200.
Stochastic coefficient K was 18.52% and Stochastic coefficient D was 38.98%, while ATR was 1.18. Given the Stochastic reading of 2.30% for the 14-day period, the RSI (14) reading has been calculated as 38.13%. As of today, the MACD Oscillator reading stands at -0.72, while the 14-day reading stands at -0.84.
Analyst Ratings
Needham launched its rating on On Holding AG (NYSE: ONON) to a Buy in a note to investors on September 20, 2023. On Holding AG (ONON) has been rated Overweight by analysts. According to 1 brokerage firm, ONON is a sell, and 2 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate On Holding AG stock as buy, with 12 recommending it as overweight.
With a median target price of $31.53, the current consensus forecast for the stock is $17.93 – $42.14. Based on these forecasts, analysts predict On Holding AG (ONON) will achieve an average price target of $31.41.
