In yesterday’s Wall Street session, On Holding AG (NYSE:ONON) shares traded at $63.62, up 0.92% from the previous session.
ONON stock price is now 11.52% away from the 50-day moving average and 38.18% away from the 200-day moving average. The market capitalization of the company currently stands at $20.37B.
On December 18, 2024, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $65, while ‘Needham’ rates the stock as ‘Buy’
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 33.40% of the company’s stock is owned by insiders.
During the past 12 months, On Holding AG has had a low of $26.22 and a high of $63.80. 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 fifty day moving average price for ONON is $56.842 and a two-hundred day moving average price translates $45.8865 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.
