The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, On Holding AG (NYSE: ONON) closed at $32.36 down -0.61% from its previous closing price of $32.56. In other words, the price has decreased by -$0.61 from its previous closing price. On the day, 2.02 million shares were traded. ONON stock price reached its highest trading level at $32.87 during the session, while it also had its lowest trading level at $32.1025.
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 16.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.49. 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 10315041792 and an Enterprise Value of 9976542208. As of this moment, On’s Price-to-Earnings (P/E) ratio for their current fiscal year is 119.50, and their Forward P/E ratio for the next fiscal year is 32.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.90 while its Price-to-Book (P/B) ratio in mrq is 8.61. Its current Enterprise Value per Revenue stands at 5.567 whereas that against EBITDA is 48.359.
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 $23.41. The 50-Day Moving Average of the stock is -2.02%, while the 200-Day Moving Average is calculated to be 7.83%.
Shares Statistics:
For the past three months, ONON has traded an average of 5.20M shares per day and 3844950 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 51.60% stake in the company. Shares short for ONON as of 1711584000 were 29326403 with a Short Ratio of 5.64, compared to 1709164800 on 33151758. Therefore, it implies a Short% of Shares Outstanding of 29326403 and a Short% of Float of 13.420000000000002.
