In yesterday’s Wall Street session, On Holding AG (NYSE:ONON) shares traded at $25.65, down -3.43% from the previous session.
19 analysts cover On Holding AG (NYSE:ONON), according to research data. The consensus rating among analysts is ‘Buy’. 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 $31.67. Given the previous closing price of $26.56, this indicates a potential upside of 19.24 percent. ONON stock price is now -4.88% away from the 50-day moving average and -10.23% away from the 200-day moving average. The market capitalization of the company currently stands at $8.16B.
The stock has received a hold rating from 2 analysts and a buy rating from 14. Brokers who have rated the stock have averaged $31.42 as their price target over the next twelve months.
With the price target of $38, Evercore ISI recently initiated with Outperform rating for On Holding AG (NYSE: ONON).
A total of 41.59% of the company’s stock is owned by insiders.
On Tuesday morning On Holding AG (NYSE: ONON) stock kicked off with the opening price of $25.23. 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 $26.97 and a two-hundred day moving average price translates $28.57 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.