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After finishing at $50.57 in the prior trading day, On Holding AG (NYSE: ONON) closed at $50.20, down -0.73%. In other words, the price has decreased by -$0.73 from its previous closing price. On the day, 3.46 million shares were traded. ONON stock price reached its highest trading level at $50.8595 during the session, while it also had its lowest trading level at $49.8026.
Ratios:
Our goal is to gain a better understanding of ONON by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.71. 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 the company, BofA Securities on September 23, 2024, Upgraded its rating to Neutral and sets its target price to $55 from $21 previously.
On September 05, 2024, HSBC Securities started tracking the stock assigning a Hold rating and target price of $52.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 25 ’24 when Caspar Coppetti bought 938,200 shares for $50.57 per share.
Martin Hoffman bought 20,000 shares of ONON for $985,000 on Sep 18 ’24. On Sep 06 ’24, another insider, FOX KENNETH A, who serves as the Director of the company, bought 400,000 shares for $43.54 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 16070024192 and an Enterprise Value of 15737638912. As of this moment, On’s Price-to-Earnings (P/E) ratio for their current fiscal year is 93.87, and their Forward P/E ratio for the next fiscal year is 45.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.12 while its Price-to-Book (P/B) ratio in mrq is 11.73. Its current Enterprise Value per Revenue stands at 7.855 whereas that against EBITDA is 73.164.
Stock Price History:
Over the past 52 weeks, ONON has reached a high of $52.16, while it has fallen to a 52-week low of $23.41. The 50-Day Moving Average of the stock is 15.69%, while the 200-Day Moving Average is calculated to be 39.99%.
Shares Statistics:
The stock has traded on average 5.10M shares per day over the past 3-months and 4715310 shares per day over the last 10 days, according to various share statistics. A total of 284.22M shares are outstanding, with a floating share count of 209.41M. Insiders hold about 34.58% of the company’s shares, while institutions hold 56.20% stake in the company. Shares short for ONON as of 1724976000 were 31032958 with a Short Ratio of 5.85, compared to 1722384000 on 30095762. Therefore, it implies a Short% of Shares Outstanding of 31032958 and a Short% of Float of 14.109999.
