The price of On Holding AG (NYSE:ONON) shares last traded on Wall Street rose 0.13% to $54.04.
ONON stock price is now -5.81% away from the 50-day moving average and 14.59% away from the 200-day moving average. The market capitalization of the company currently stands at $17.30B.
With the price target maintained at $57, Goldman recently Downgraded its rating from Buy to Neutral for On Holding AG (NYSE: ONON). , while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Olivier Bernhard, Other: Co-Founder bought 375,400 shares of the company’s stock on Jan 30 ’25. The stock was bought for $23,665,216 at an average price of $63.04. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06 ’25, Other: Co-Founder Olivier Bernhard bought 234,050 shares of the business’s stock. A total of $12,783,811 was incurred on buying the stock at an average price of $54.62. A total of 33.56% of the company’s stock is owned by insiders.
During the past 12 months, On Holding AG has had a low of $27.37 and a high of $64.05. 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 $16998411264, which is based on a 123.72 price-to-earnings ratio, a 2.37 price-to-earnings-growth ratio, and a beta of 2.31. The fifty day moving average price for ONON is $57.4528 and a two-hundred day moving average price translates $47.0503 for the stock.
The latest earnings results from On Holding AG (NYSE: ONON) was released for 2024-09-30. The net profit margin was 5.87% and return on equity was 10.66% for ONON. The company reported revenue of $734.67 million for the quarter, compared to $494.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 48.65 percent.
