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The closing price of On Holding AG (NYSE: ONON) was $44.36 for the day, down -0.18% from the previous closing price of $44.44. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 3.29 million shares were traded. ONON stock price reached its highest trading level at $45.2757 during the session, while it also had its lowest trading level at $44.135.
Ratios:
Our analysis of ONON’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.97. For the most recent quarter (mrq), Quick Ratio is recorded 2.18 and its Current Ratio is at 2.98. In the meantime, Its Debt-to-Equity ratio is 0.30 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, HSBC Securities on September 05, 2024, initiated with a Hold rating and assigned the stock a target price of $52.
On July 31, 2024, Raymond James started tracking the stock assigning a Outperform rating and target price of $46.Raymond James initiated its Outperform rating on July 31, 2024, with a $46 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 06 ’24 when FOX KENNETH A bought 400,000 shares for $43.54 per share.
David Allemann bought 377,040 shares of ONON for $17,230,728 on Sep 05 ’24. On Sep 04 ’24, another insider, Maurer Marc, who serves as the Officer of the company, bought 120,000 shares for $45.74 each.
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 14226162688 and an Enterprise Value of 13868136448. As of this moment, On’s Price-to-Earnings (P/E) ratio for their current fiscal year is 82.95, and their Forward P/E ratio for the next fiscal year is 40.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.29 while its Price-to-Book (P/B) ratio in mrq is 10.37. Its current Enterprise Value per Revenue stands at 6.922 whereas that against EBITDA is 64.473.
Stock Price History:
Over the past 52 weeks, ONON has reached a high of $48.08, while it has fallen to a 52-week low of $23.41. The 50-Day Moving Average of the stock is 8.94%, while the 200-Day Moving Average is calculated to be 27.97%.
Shares Statistics:
ONON traded an average of 5.19M shares per day over the past three months and 5694980 shares per day over the past ten days. A total of 284.22M shares are outstanding, with a floating share count of 209.19M. Insiders hold about 34.65% of the company’s shares, while institutions hold 61.21% stake in the company. Shares short for ONON as of 1723680000 were 27779704 with a Short Ratio of 5.35, compared to 1721001600 on 30105506. Therefore, it implies a Short% of Shares Outstanding of 27779704 and a Short% of Float of 12.629999999999999.
