While On Holding AG has underperformed by -2.64%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ONON rose by 11.26%, with highs and lows ranging from $37.08 to $23.41, whereas the simple moving average jumped by 14.78% in the last 200 days.
On April 01, 2024, Barclays started tracking On Holding AG (NYSE: ONON) recommending Overweight. A report published by Redburn Atlantic on March 07, 2024, Downgraded its rating to ‘Neutral’ for ONON. Truist also rated ONON shares as ‘Hold’, setting a target price of $29 on the company’s shares in an initiating report dated November 17, 2023. Evercore ISI Initiated an Outperform rating on November 07, 2023, and assigned a price target of $38. Redburn Atlantic initiated its ‘Overweight’ rating for ONON, as published in its report on October 24, 2023. Robert W. Baird’s report from October 09, 2023 suggests a price prediction of $33 for ONON shares, giving the stock a ‘Outperform’ rating. Needham also rated the stock as ‘Buy’.
Analysis of On Holding AG (ONON)
Further, the quarter-over-quarter increase in sales is 32.47%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of On Holding AG’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 7.56% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.60, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and ONON is recording an average volume of 5.69M. On a monthly basis, the volatility of the stock is set at 4.21%, whereas on a weekly basis, it is put at 3.29%, with a loss of -0.87% over the past seven days. Furthermore, long-term investors anticipate a median target price of $35.36, showing growth from the present price of $34.29, 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?
On Holding AG (ONON) is based in the Switzerland and is one of the most prominent companies operating in the Footwear & Accessories market. 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 126.62, there is a growth in quarterly earnings of -9.24%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 35.35%. 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 51.27% 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 51.27% at present.
