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As of close of business last night, On Holding AG’s stock clocked out at $37.22, down -2.13% from its previous closing price of $38.03. In other words, the price has decreased by -$2.13 from its previous closing price. On the day, 4.49 million shares were traded. ONON stock price reached its highest trading level at $38.31 during the session, while it also had its lowest trading level at $36.73.
Ratios:
To gain a deeper understanding of ONON’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.09. For the most recent quarter (mrq), Quick Ratio is recorded 2.43 and its Current Ratio is at 3.32. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.23.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Bernstein on June 11, 2024, initiated with a Outperform rating and assigned the stock a target price of $50.
On June 07, 2024, Telsey Advisory Group reiterated its Outperform rating and also lowered its target price recommendation from $40 to $47.
Truist Upgraded its Hold to Buy on May 28, 2024, whereas the target price for the stock was revised from $34 to $46.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ONON now has a Market Capitalization of 12143025152 and an Enterprise Value of 11680404480. As of this moment, On’s Price-to-Earnings (P/E) ratio for their current fiscal year is 84.19, and their Forward P/E ratio for the next fiscal year is 34.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.33 while its Price-to-Book (P/B) ratio in mrq is 9.05. Its current Enterprise Value per Revenue stands at 6.213 whereas that against EBITDA is 55.41.
Stock Price History:
The Beta on a monthly basis for ONON is 2.23, which has changed by 0.12617242 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. Over the past 52 weeks, ONON has reached a high of $44.30, while it has fallen to a 52-week low of $23.41. The 50-Day Moving Average of the stock is -0.93%, while the 200-Day Moving Average is calculated to be 18.89%.
Shares Statistics:
It appears that ONON traded 4.88M shares on average per day over the past three months and 5545510 shares per day over the past ten days. A total of 284.22M shares are outstanding, with a floating share count of 197.43M. Insiders hold about 35.07% of the company’s shares, while institutions hold 57.42% stake in the company. Shares short for ONON as of 1718323200 were 30900855 with a Short Ratio of 6.33, compared to 1715731200 on 36179175. Therefore, it implies a Short% of Shares Outstanding of 30900855 and a Short% of Float of 14.099999999999998.
