In yesterday’s Wall Street session, On Holding AG (NYSE:ONON) shares traded at $52.62, down -0.17% from the previous session.
ONON stock price is now 7.18% away from the 50-day moving average and 32.82% away from the 200-day moving average. The market capitalization of the company currently stands at $16.84B.
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With the price target enhanced from $47 to $53, Telsey Advisory Group maintained Outperform rating for On Holding AG (NYSE: ONON). On September 23, 2024, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock increasing its target price from $21 to quote $55, while ‘HSBC Securities’ rates the stock as ‘Hold’
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 40.78% of the company’s stock is owned by insiders.
During the past 12 months, On Holding AG has had a low of $24.15 and a high of $53.72. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 2.91, and a quick ratio of 2.25. According to the stock market information, the enterprise value for the company is $16512329728, which is based on a 120.47 price-to-earnings ratio, a 5.02 price-to-earnings-growth ratio, and a beta of 2.25. The fifty day moving average price for ONON is $48.9654 and a two-hundred day moving average price translates $39.491 for the stock.
The latest earnings results from On Holding AG (NYSE: ONON) was released for 2024-06-30. The net profit margin was 5.87% and return on equity was 10.66% 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.
