In Wednesday’s Wall Street session, On Holding AG (NYSE:ONON) shares traded at $52.48, up 3.65% from the previous session.
ONON stock price is now -5.15% away from the 50-day moving average and 8.49% away from the 200-day moving average. The market capitalization of the company currently stands at $16.97B.
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 33.32% 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.
The net profit margin was 5.87% and return on equity was 10.66% for ONON. The company reported revenue of $690.06 million for the quarter, compared to $543.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.89 percent.
