The price of On Holding AG (NYSE:ONON) shares last traded on Wall Street rose 4.04% to $27.58.
Based on available information, 18 analysts follow On Holding AG (NYSE:ONON). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $42.14 and a low of $18.48, we find $32.45. Given the previous closing price of $26.51, this indicates a potential upside of 22.41 percent. ONON stock price is now 1.56% away from the 50-day moving average and -2.68% away from the 200-day moving average. The market capitalization of the company currently stands at $8.77B.
Among analysts, 2 rate the stock a hold while 13 rate it a buy. Brokers who have rated the stock have averaged $32.04 as their price target over the next twelve months.
With the price target of $33, Redburn Atlantic recently initiated with Overweight rating for On Holding AG (NYSE: ONON).
A total of 41.59% of the company’s stock is owned by insiders.
A candlestick chart of On Holding AG (NYSE: ONON) showed a price of $27.07 on Thursday morning. During the past 12 months, On Holding AG has had a low of $15.91 and a high of $37.08. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 3.51, and a quick ratio of 2.19. The fifty day moving average price for ONON is $27.11 and a two-hundred day moving average price translates $28.37 for the stock.
The latest earnings results from On Holding AG (NYSE: ONON) was released for Jun, 2023. The net profit margin was 2.73% and return on equity was 4.29% for ONON. The company reported revenue of $494.24 million for the quarter, compared to $302.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 63.63 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.
