A new trading day began on Friday, with On Holding AG (NYSE: ONON) stock price up 3.20% from the previous day of trading, before settling in for the closing price of $43.19. ONON’s price has ranged from $23.41 to $44.58 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 65.20% over the past five years. Meanwhile, its annual earnings per share averaged 142.02%. With a float of $198.03 million, this company’s outstanding shares have now reached $284.22 million.
Let’s look at the performance matrix of the company that is accounted for 2353 employees. In terms of profitability, gross margin is 59.96%, operating margin of 9.2%, and the pretax margin is 9.46%.
On Holding AG (ONON) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Footwear & Accessories Industry. The insider ownership of On Holding AG is 35.05%, while institutional ownership is 64.40%. The most recent insider transaction that took place on Aug 23 ’24, was worth 6,478,500. Before that another transaction happened on Aug 22 ’24, when Company’s Other: Co-Founder proposed sale 160,000 for $43.35, making the entire transaction worth $6,936,000.
On Holding AG (ONON) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 142.02% per share during the next fiscal year.
On Holding AG (NYSE: ONON) Trading Performance Indicators
Here are On Holding AG’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.02. Likewise, its price to free cash flow for the trailing twelve months is 34.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.53, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 1.08 in one year’s time.
Technical Analysis of On Holding AG (ONON)
On Holding AG (NYSE: ONON) saw its 5-day average volume 4.79 million, a negative change from its year-to-date volume of 5.24 million. As of the previous 9 days, the stock’s Stochastic %D was 84.26%. Additionally, its Average True Range was 1.92.
During the past 100 days, On Holding AG’s (ONON) raw stochastic average was set at 96.78%, which indicates a significant increase from 94.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.79% in the past 14 days, which was lower than the 47.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $39.75, while its 200-day Moving Average is $33.82. Nevertheless, the first resistance level for the watch stands at $45.26 in the near term. At $45.94, the stock is likely to face the second major resistance level. The third major resistance level sits at $46.83. If the price goes on to break the first support level at $43.69, it is likely to go to the next support level at $42.80. The third support level lies at $42.12 if the price breaches the second support level.
On Holding AG (NYSE: ONON) Key Stats
With a market capitalization of 13.59 billion, the company has a total of 629,653K Shares Outstanding. Currently, annual sales are 1,996 M while annual income is 88,670 K. The company’s previous quarter sales were 627,710 K while its latest quarter income was 34,060 K.
