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In the latest session, On Holding AG (NYSE: ONON) closed at $33.37 up 2.49% from its previous closing price of $32.56. In other words, the price has increased by $2.49 from its previous closing price. On the day, 4.43 million shares were traded. ONON stock price reached its highest trading level at $33.82 during the session, while it also had its lowest trading level at $32.76.
Ratios:
For a deeper understanding of On Holding AG’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.97. For the most recent quarter (mrq), Quick Ratio is recorded 2.60 and its Current Ratio is at 3.77. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.18.
On April 01, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $38.
Redburn Atlantic Downgraded its Buy to Neutral on March 07, 2024, while the target price for the stock was maintained at $34.
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 10636987392 and an Enterprise Value of 10298488832. As of this moment, On’s Price-to-Earnings (P/E) ratio for their current fiscal year is 123.23, and their Forward P/E ratio for the next fiscal year is 33.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.05 while its Price-to-Book (P/B) ratio in mrq is 8.88. Its current Enterprise Value per Revenue stands at 5.747 whereas that against EBITDA is 49.92.
Stock Price History:
The Beta on a monthly basis for ONON is 2.16, which has changed by 0.046409488 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, ONON has reached a high of $37.08, while it has fallen to a 52-week low of $23.41. The 50-Day Moving Average of the stock is 2.37%, while the 200-Day Moving Average is calculated to be 11.19%.
Shares Statistics:
For the past three months, ONON has traded an average of 5.30M shares per day and 4407140 over the past ten days. A total of 302.35M shares are outstanding, with a floating share count of 196.04M. Insiders hold about 35.16% of the company’s shares, while institutions hold 51.25% stake in the company. Shares short for ONON as of 1711584000 were 29326403 with a Short Ratio of 5.53, compared to 1709164800 on 33151758. Therefore, it implies a Short% of Shares Outstanding of 29326403 and a Short% of Float of 13.420000000000002.
Earnings Estimates
The stock of On Holding AG (ONON) is currently drawing attention from 14 analysts actively involved in the ongoing evaluation and rating process.On average, analysts expect EPS of $0.16 for the current quarter, with a high estimate of $0.21 and a low estimate of $0.12, while EPS last year was –$. The consensus estimate for the next quarter is $0.18, with high estimates of $0.21 and low estimates of $0.13.
Analysts are recommending an EPS of between $0.99 and $0.59 for the fiscal current year, implying an average EPS of $0.79. EPS for the following year is $1.07, with 14 analysts recommending between $1.25 and $0.78.
Revenue Estimates
A total of 16 analysts believe the company’s revenue will be $544.27M this quarter.It ranges from a high estimate of $547.17M to a low estimate of $542.67M. As of the current estimate, On Holding AG’s year-ago sales were $460.76M, an estimated increase of 18.10% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $610.51M, an increase of 25.30% over than the figure of $18.10% in the same quarter last year. There is a high estimate of $633.69M for the next quarter, whereas the lowest estimate is $587.67M.
A total of 21 analysts have provided revenue estimates for ONON’s current fiscal year. The highest revenue estimate was $2.63B, while the lowest revenue estimate was $2.44B, resulting in an average revenue estimate of $2.5B. In the same quarter a year ago, actual revenue was $1.97B, up 27.10% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $3.14B in the next fiscal year. The high estimate is $3.31B and the low estimate is $3.05B. The average revenue growth estimate for next year is up 25.90% from the average revenue estimate for this year.
