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After finishing at $32.98 in the prior trading day, On Holding AG (NYSE: ONON) closed at $31.30, down -5.09%. In other words, the price has decreased by -$5.09 from its previous closing price. On the day, 6.99 million shares were traded. ONON stock price reached its highest trading level at $32.53 during the session, while it also had its lowest trading level at $31.14.
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 16.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.00. 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 10512667648 and an Enterprise Value of 10174173184. As of this moment, On’s Price-to-Earnings (P/E) ratio for their current fiscal year is 115.50, and their Forward P/E ratio for the next fiscal year is 30.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.75 while its Price-to-Book (P/B) ratio in mrq is 7.82. Its current Enterprise Value per Revenue stands at 5.677 whereas that against EBITDA is 49.317.
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 -5.76%, while the 200-Day Moving Average is calculated to be 4.55%.
Shares Statistics:
The stock has traded on average 4.90M shares per day over the past 3-months and 2727680 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 196.50M. Insiders hold about 35.14% of the company’s shares, while institutions hold 52.39% stake in the company. Shares short for ONON as of 1713139200 were 29832935 with a Short Ratio of 6.08, compared to 1710460800 on 29722924. Therefore, it implies a Short% of Shares Outstanding of 29832935 and a Short% of Float of 13.65.
