Let’s look at the key reasons that are pushing On Holding AG (ONON) to new highs

On Holding AG (NYSE: ONON) kicked off on Monday, down -0.18% from the previous trading day, before settling in for the closing price of $44.44. Over the past 52 weeks, ONON has traded in a range of $23.41-$48.08.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 65.20%. While this was happening, its average annual earnings per share was recorded 146.24%. With a float of $209.19 million, this company’s outstanding shares have now reached $284.22 million.

Let’s determine the extent of company efficiency that accounts 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) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Footwear & Accessories Industry. The insider ownership of On Holding AG is 34.65%, while institutional ownership is 61.21%. The most recent insider transaction that took place on Sep 06 ’24, was worth 17,417,562. Before that another transaction happened on Sep 05 ’24, when Company’s Other: Co-Founder proposed sale 377,040 for $45.70, making the entire transaction worth $17,230,728.

On Holding AG (ONON) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.07 earnings per share (EPS), lower than consensus estimate (set at 0.12) by -0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.21 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 146.24% per share during the next fiscal year.

On Holding AG (NYSE: ONON) Trading Performance Indicators

Take a look at On Holding AG’s (ONON) current performance indicators. Last quarter, 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 6.29. Likewise, its price to free cash flow for the trailing twelve months is 35.97.

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 1.10 in one year’s time.

Technical Analysis of On Holding AG (ONON)

Looking closely at On Holding AG (NYSE: ONON), its last 5-days average volume was 4.16 million, which is a drop from its year-to-date volume of 5.26 million. As of the previous 9 days, the stock’s Stochastic %D was 41.56%. Additionally, its Average True Range was 1.97.

During the past 100 days, On Holding AG’s (ONON) raw stochastic average was set at 79.61%, which indicates a significant increase from 46.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.17% in the past 14 days, which was lower than the 47.81% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $40.83, while its 200-day Moving Average is $34.74. However, in the short run, On Holding AG’s stock first resistance to watch stands at $45.05. Second resistance stands at $45.73. The third major resistance level sits at $46.19. If the price goes on to break the first support level at $43.90, it is likely to go to the next support level at $43.44. Now, if the price goes above the second support level, the third support stands at $42.76.

On Holding AG (NYSE: ONON) Key Stats

The company with the Market Capitalisation of 14.20 billion has total of 629,653K Shares Outstanding. Its annual sales at the moment are 1,996 M in contrast with the sum of 88,670 K annual income. Company’s last quarter sales were recorded 627,710 K and last quarter income was 34,060 K.