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The price of On Holding AG (NYSE: ONON) closed at $40.52 in the last session, down -0.15% from day before closing price of $40.58. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 2.83 million shares were traded. ONON stock price reached its highest trading level at $41.8599 during the session, while it also had its lowest trading level at $40.28.
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 18.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 41.47. 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 12957243392 and an Enterprise Value of 12743649280. As of this moment, On’s Price-to-Earnings (P/E) ratio for their current fiscal year is 91.65, and their Forward P/E ratio for the next fiscal year is 38.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.80 while its Price-to-Book (P/B) ratio in mrq is 9.85. Its current Enterprise Value per Revenue stands at 6.778 whereas that against EBITDA is 60.454.
Stock Price History:
The Beta on a monthly basis for ONON is 2.23, which has changed by 0.11995578 over the last 52 weeks, in comparison to a change of 0.21656322 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 3.48%, while the 200-Day Moving Average is calculated to be 26.56%.
Shares Statistics:
According to the various share statistics, ONON traded on average about 5.12M shares per day over the past 3-months and 5134960 shares per day over the past 10 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 57.51% stake in the company. Shares short for ONON as of 1719532800 were 30809347 with a Short Ratio of 6.02, compared to 1717113600 on 32896383. Therefore, it implies a Short% of Shares Outstanding of 30809347 and a Short% of Float of 14.060001.
