On Holding AG (NYSE:ONON) finished Friday with an addition of $1.59 to close at $27.82, an upside of 6.06 percent. An average of 6,109,500 shares of common stock have been traded in the last five days. There was a fall of -$0.26 in the past week, and it reached a new high 33 times over the past 12 months. The last 20 days have seen an average of 4,184,895 shares traded, while the 50-day average volume stands at 4,342,000.
ONON stock has decreased by -3.84% in the last month. The company shares reached their 1-month lowest point of $25.51 on 09/28/23. 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 62.12% or $10.66 in price. In spite of this, the price is down -24.97% from the 52-week high.
Valuation Metrics
On Holding AG (ONON) has a trailing price-to-earnings (P/E) ratio of 198.15. The stock’s beta is 2.27. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.30, the price-to-book (PB) ratio at 7.71.
Financial Health
The quick ratio of On Holding AG for the recent quarter was 2.19, and the current ratio was 3.51, 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 0.17 for the recent quarter. 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 29 September was 45.14%, suggesting the stock is Neutral, with historical volatility in this time frame at 45.17%.
As of today, ONON’s price is $26.72 -0.93% or -$0.26 from its 5-day moving average. ONON is currently trading -3.50% lower than its 20-day SMA and -19.06% lower than its 100-day SMA. However, the stock’s current price level is -18.94% below the SMA50 and +57.00% above the SMA200.
The stochastic %K and %D were 20.70% and 12.37%, respectively, and the average true range (ATR) was 1.36. With the 14-day stochastic at 41.71% and the average true range at 1.34, the RSI (14) stands at 43.08%. The stock has reached -1.04 on the 9-day MACD Oscillator while the 14-day reading was at -1.81.
Analyst Ratings
Needham launched coverage on On Holding AG (NYSE: ONON) in its analyst report released on September 20, 2023. The firm assigned the stock a Buy rating.
