The price of On Holding AG (NYSE: ONON) closed at $30.64 in the last session, down -8.86% from day before closing price of $33.62. In other words, the price has decreased by -$2.98 from its previous closing price. On the day, 33880708 shares were traded. ONON stock price reached its highest trading level at $30.90 during the session, while it also had its lowest trading level at $27.37.
Ratios:
We take a closer look at ONON’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.31. 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 November 17, 2023, Truist started tracking the stock assigning a Hold rating and target price of $29.
On November 07, 2023, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $38.Evercore ISI initiated its Outperform rating on November 07, 2023, with a $38 target price.
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 9.77B and an Enterprise Value of 9.43B. As of this moment, On’s Price-to-Earnings (P/E) ratio for their current fiscal year is 113.15, and their Forward P/E ratio for the next fiscal year is 27.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.88 while its Price-to-Book (P/B) ratio in mrq is 8.15. Its current Enterprise Value per Revenue stands at 5.51 whereas that against EBITDA is 61.80.
Stock Price History:
Over the past 52 weeks, ONON has reached a high of $37.08, while it has fallen to a 52-week low of $19.90. The 50-Day Moving Average of the stock is 29.61, while the 200-Day Moving Average is calculated to be 29.49.
Shares Statistics:
According to the various share statistics, ONON traded on average about 5.20M shares per day over the past 3-months and 8.83M shares per day over the past 10 days. A total of 281.98M shares are outstanding, with a floating share count of 187.60M. Insiders hold about 41.03% of the company’s shares, while institutions hold 48.74% stake in the company. Shares short for ONON as of Feb 29, 2024 were 33.15M with a Short Ratio of 6.37, compared to 33.49M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.42% and a Short% of Float of 16.81%.
Earnings Estimates
The company has 5 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $0.17, with high estimates of $0.22 and low estimates of $0.11.
Analysts are recommending an EPS of between $0.63 and $0.42 for the fiscal current year, implying an average EPS of $0.55. EPS for the following year is $0.81, with 14 analysts recommending between $0.96 and $0.7.
Revenue Estimates
A total of 20 analysts have provided revenue estimates for ONON’s current fiscal year. The highest revenue estimate was $2.31B, while the lowest revenue estimate was $2.01B, resulting in an average revenue estimate of $2.06B. In the same quarter a year ago, actual revenue was $1.36B, up 51.40% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $2.65B in the next fiscal year. The high estimate is $3.04B and the low estimate is $2.52B. The average revenue growth estimate for next year is up 28.80% from the average revenue estimate for this year.
