As of close of business last night, On Holding AG’s stock clocked out at $32.57, up 1.84% from its previous closing price of $31.98. In other words, the price has increased by $+0.59 from its previous closing price. On the day, 2816079 shares were traded.
Ratios:
To gain a deeper understanding of ONON’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.79. 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.
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, Barclays on April 01, 2024, initiated with a Overweight rating and assigned the stock a target price of $38.
On March 07, 2024, Redburn Atlantic Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $34.
On November 17, 2023, Truist started tracking the stock assigning a Hold rating and target price of $29.Truist initiated its Hold rating on November 17, 2023, with a $29 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 10.38B and an Enterprise Value of 10.05B. As of this moment, On’s Price-to-Earnings (P/E) ratio for their current fiscal year is 120.27, and their Forward P/E ratio for the next fiscal year is 31.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.93 while its Price-to-Book (P/B) ratio in mrq is 8.67. Its current Enterprise Value per Revenue stands at 5.61 whereas that against EBITDA is 71.27.
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 31.93, while the 200-Day Moving Average is calculated to be 29.95.
Shares Statistics:
It appears that ONON traded 5.60M shares on average per day over the past three months and 3.57M shares per day over the past ten days. A total of 302.35M shares are outstanding, with a floating share count of 195.47M. Insiders hold about 35.35% of the company’s shares, while institutions hold 51.27% stake in the company. Shares short for ONON as of Mar 15, 2024 were 29.72M with a Short Ratio of 5.31, compared to 33.16M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.32% and a Short% of Float of 13.60%.
Earnings Estimates
As of right now, 13 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $0.18, with high estimates of $0.21 and low estimates of $0.13.
Analysts are recommending an EPS of between $1 and $0.67 for the fiscal current year, implying an average EPS of $0.81. EPS for the following year is $1.1, with 13 analysts recommending between $1.26 and $0.94.
Revenue Estimates
In the current quarter, 15 analysts expect revenue to total $550.75M. It ranges from a high estimate of $553.63M to a low estimate of $549.08M. As of the current estimate, On Holding AG’s year-ago sales were $466.2M, an estimated increase of 18.10% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $617.44M, an increase of 25.30% over than the figure of $18.10% in the same quarter last year. There is a high estimate of $641.17M for the next quarter, whereas the lowest estimate is $594.6M.
A total of 19 analysts have provided revenue estimates for ONON’s current fiscal year. The highest revenue estimate was $2.61B, while the lowest revenue estimate was $2.47B, resulting in an average revenue estimate of $2.52B. In the same quarter a year ago, actual revenue was $1.99B, up 26.80% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $3.17B in the next fiscal year. The high estimate is $3.27B and the low estimate is $3.09B. The average revenue growth estimate for next year is up 25.90% from the average revenue estimate for this year.
