While On Holding AG has overperformed by 0.17%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ONON rose by 98.46%, with highs and lows ranging from $54.00 to $24.15, whereas the simple moving average jumped by 32.63% in the last 200 days.
On Nov-14-24, BTIG Research Upgraded On Holding AG (NYSE: ONON) to Buy. A report published by Telsey Advisory Group on November 14, 2024, Reiterated its previous ‘Outperform’ rating for ONON. Telsey Advisory Group also reiterated ONON shares as ‘Outperform’, quoting a target price of $53 on the company’s shares in a report dated November 06, 2024. BofA Securities September 23, 2024d the rating to Neutral on September 23, 2024, and set its price target from $21 to $55. HSBC Securities initiated its ‘Hold’ rating for ONON, as published in its report on September 05, 2024. Piper Sandler’s report from August 23, 2024 suggests a price prediction of $52 for ONON shares, giving the stock a ‘Overweight’ rating. Raymond James also rated the stock as ‘Outperform’.
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Analysis of On Holding AG (ONON)
Further, the quarter-over-quarter increase in sales is 34.93%, showing a positive trend in the upcoming months.
In order to gain a clear picture of On Holding AG’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 10.66% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.25, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 4.58M can be a very valuable indicator of volatility for ONON stock. On a monthly basis, the volatility of the stock is set at 3.92%, whereas on a weekly basis, it is put at 5.67%, with a gain of 10.81% over the past seven days. Furthermore, long-term investors anticipate a median target price of $58.60, showing growth from the present price of $52.71, which can serve as yet another indication of whether ONON is worth investing in or should be passed over.
How Do You Analyze On Holding AG Shares?
The Switzerland based company On Holding AG (ONON) is one of the biggest names in Footwear & Accessories. When comparing On Holding AG shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 120.67, there is a growth in quarterly earnings of -47.71%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 34.58%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 53.64% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ONON shares are owned by institutional investors to the tune of 53.64% at present.
