In the latest session, On Holding AG (NYSE: ONON) closed at $34.74 up 2.03% from its previous closing price of $34.05. In other words, the price has increased by $+0.69 from its previous closing price. On the day, 3560665 shares were traded. ONON stock price reached its highest trading level at $34.81 during the session, while it also had its lowest trading level at $33.67.
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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 18.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 53.64. 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 November 17, 2023, Truist started tracking the stock assigning a Hold rating and target price of $29.
On November 07, 2023, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $38.Evercore ISI initiated its Outperform rating on November 07, 2023, with a $38 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 11.07B and an Enterprise Value of 10.74B. As of this moment, On’s Price-to-Earnings (P/E) ratio for their current fiscal year is 128.29, and their Forward P/E ratio for the next fiscal year is 32.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.54 while its Price-to-Book (P/B) ratio in mrq is 9.25. Its current Enterprise Value per Revenue stands at 5.99 whereas that against EBITDA is 76.17.
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 31.08, while the 200-Day Moving Average is calculated to be 29.82.
Shares Statistics:
For the past three months, ONON has traded an average of 5.69M shares per day and 4.41M over the past ten days. A total of 281.98M shares are outstanding, with a floating share count of 206.99M. Insiders hold about 34.94% of the company’s shares, while institutions hold 48.65% stake in the company. Shares short for ONON as of Feb 29, 2024 were 33.15M with a Short Ratio of 5.23, compared to 33.49M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.42% and a Short% of Float of 16.81%.
Earnings Estimates
There are 12 different market analysts currently analyzing its stock. 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 $0.82. EPS for the following year is $1.11, with 12 analysts recommending between $1.27 and $0.94.
Revenue Estimates
A total of 15 analysts believe the company’s revenue will be $551.79M this quarter.It ranges from a high estimate of $554.68M to a low estimate of $550.12M. As of the current estimate, On Holding AG’s year-ago sales were $467.09M, an estimated increase of 18.10% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $618.61M, an increase of 25.30% over than the figure of $18.10% in the same quarter last year. There is a high estimate of $642.39M for the next quarter, whereas the lowest estimate is $595.73M.
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 $2.48B, resulting in an average revenue estimate of $2.53B. 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 $3.18B 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.
