The stock of On Holding AG (NYSE:ONON) last traded at $49.95, down -1.96% from the previous session.
ONON stock price is now 8.69% away from the 50-day moving average and 34.54% away from the 200-day moving average. The market capitalization of the company currently stands at $15.99B.
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With the price target enhanced from $21 to $55, BofA Securities Upgraded its rating from Underperform to Neutral for On Holding AG (NYSE: ONON). On September 05, 2024, HSBC Securities recently initiated its ‘Hold’ rating on the stock quoting a target price of $52, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, Olivier Bernhard, Other: Co-Founder bought 841,900 shares of the company’s stock on Oct 01 ’24. The stock was bought for $42,221,285 at an average price of $50.15. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 01 ’24, Officer Marc Maurer bought 524,041 shares of the business’s stock. A total of $26,280,656 was incurred on buying the stock at an average price of $50.15. A total of 34.58% 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 $52.80. 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. According to the stock market information, the enterprise value for the company is $15977729024, which is based on a 93.40 price-to-earnings ratio, a 2.54 price-to-earnings-growth ratio, and a beta of 2.24. The fifty day moving average price for ONON is $45.9566 and a two-hundred day moving average price translates $37.1259 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.