On Holding AG (NYSE:ONON) shares traded 4.40% higher at $47.92 on Wall Street last session.
ONON stock price is now 20.37% away from the 50-day moving average and 41.34% away from the 200-day moving average. The market capitalization of the company currently stands at $14.61B.
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On July 31, 2024, Raymond James recently initiated its ‘Outperform’ rating on the stock quoting a target price of $46, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, Marc Maurer, Officer bought 71,692 shares of the company’s stock on Aug 26 ’24. The stock was bought for $3,195,312 at an average price of $44.57. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26 ’24, Other:Co-Founder Caspar Coppetti bought 195,000 shares of the business’s stock. A total of $8,691,150 was incurred on buying the stock at an average price of $44.57. A total of 35.05% of the company’s stock is owned by insiders.
During the past 12 months, On Holding AG has had a low of $23.41 and a high of $45.93. As of last week, the company has a debt-to-equity ratio of 0.30, a current ratio of 2.98, and a quick ratio of 2.18. The fifty day moving average price for ONON is $39.9284 and a two-hundred day moving average price translates $34.0019 for the stock.
The latest earnings results from On Holding AG (NYSE: ONON) was released for 2024-06-30. The net profit margin was 7.75% and return on equity was 13.90% for ONON. The company reported revenue of $627.71 million for the quarter, compared to $454.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.23 percent.
