The stock of On Holding AG (NYSE:ONON) last traded at $35.71, down -2.19% from the previous session.
Data from the available sources indicates that On Holding AG (NYSE:ONON) is covered by 15 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $40.27 and a low of $17.76, we find $32.54. Given the previous closing price of $36.51, this indicates a potential downside of -10.87 percent. ONON stock price is now 10.97% away from the 50-day moving average and 40.47% away from the 200-day moving average. The market capitalization of the company currently stands at $11.38B.
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In total, 2 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $31.62 as their price target over the next twelve months.
A total of 33.06% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ONON stock. A new stake in On Holding AG shares was purchased by JERICHO CAPITAL ASSET MANAGEMENT L.P. during the first quarter worth $98,478,000. D. E. SHAW & CO., INC. invested $68,253,000 in shares of ONON during the first quarter. In the first quarter, ANOMALY CAPITAL MANAGEMENT, LP acquired a new stake in On Holding AG valued at approximately $57,070,000. VICTORY CAPITAL MANAGEMENT INC acquired a new stake in ONON for approximately $15,665,000. MANCHESTER GLOBAL MANAGEMENT (UK) LTD purchased a new stake in ONON valued at around $13,281,000 in the second quarter. In total, there are 293 active investors with 39.60% ownership of the company’s stock.
With an opening price of $36.70 on Thursday morning, On Holding AG (NYSE: ONON) set off the trading day. During the past 12 months, On Holding AG has had a low of $15.44 and a high of $36.83. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 3.40, and a quick ratio of 2.10. The fifty day moving average price for ONON is $32.35 and a two-hundred day moving average price translates $25.52 for the stock.
The latest earnings results from On Holding AG (NYSE: ONON) was released for Mar, 2023. The net profit margin was 6.20% and return on equity was 9.00% for ONON. The company reported revenue of $454.11 million for the quarter, compared to $255.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 77.93 percent.
On Holding AG(ONON) Company Profile
On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company offers its products through independent retailers and distributors, online, and stores. The company was founded in 2010 and is headquartered in Zurich, Switzerland.
