The trading price of On Holding AG (NYSE:ONON) floating higher at last check on current market day and closing at $49.69, 3.85% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 113.76. In examining the 52-week price action we see that the stock hit a 52-week high of $64.05 and a 52-week low of $27.37. Over the past month, the stock has lost -17.02% in value.
On Holding AG, whose market valuation is $16.06 billion at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.2 per share this quarter, however they have predicted annual earnings per share of 1.02 for current year and 1.39 for next year.
Analysts have forecast the company to bring in revenue of 669.01M for the current quarter, with the likely lows of 658.6M and highs of 686M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 2.98B.
On the technical side, indicators suggest ONON has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently Hold.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ONON a recommendation rating is 20. Out of them, 0 rate it a Hold, while 20 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged On Holding AG (ONON) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 4.40, which symbolizes a positive outlook. A quick review shows that ONON’s price is currently -5.03% off the SMA20 and -10.23% off the SMA50. The RSI metric on the 14-day chart is currently showing 41.54, and weekly volatility stands at 4.84%. When measured over the past 30 days, the indicator reaches 4.77%. On Holding AG (NYSE:ONON)’s beta value is currently sitting at 2.34, while the Average True Range indicator is currently displaying 2.58. With analysts defining $40-$64 as the low and high price targets, we arrive at a consensus price target of $58 for the trailing 12-month period. The current price is about 19.5% off the estimated low and -28.8% off the forecast high, based on this estimate. Investors will be thrilled if ONON’s share price rises to $58, which is the median consensus price. At that level, ONON’s share price would be -16.72% below current price.
To see how On Holding AG stock has been performing today in comparison to its peers in the industry, here are the numbers: ONON stock’s performance was 3.85% at last check in today’s session, and 41.89% in the past year. On Holding AG has a P/E ratio of 113.76.
An evaluation of the daily trading volume of On Holding AG (NYSE:ONON) indicates that the 3-month average is 3.63 million.
Currently, records show that 288.76 million of the company’s shares remain outstanding. The insiders hold 33.32% of outstanding shares, whereas institutions hold 52.25%. However, since the stock’s price has seen -9.28% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
