In yesterday’s Wall Street session, On Holding AG (NYSE:ONON) shares traded at $44.78, down -2.01% from the previous session.
ONON stock price is now 10.62% away from the 50-day moving average and 29.82% away from the 200-day moving average. The market capitalization of the company currently stands at $14.33B.
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With the price target of $52, HSBC Securities recently initiated with Hold rating for On Holding AG (NYSE: ONON). , while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, David Allemann, Other: Co-Founder bought 377,040 shares of the company’s stock on Sep 05 ’24. The stock was bought for $17,230,728 at an average price of $45.70. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 04 ’24, Officer Maurer Marc bought 120,000 shares of the business’s stock. A total of $5,488,816 was incurred on buying the stock at an average price of $45.74. A total of 34.65% 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 $48.08. 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 $40.4824 and a two-hundred day moving average price translates $34.4928 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.
