A new trading day began on Friday, with On Holding AG (NYSE: ONON) stock price up 6.43% from the previous day of trading, before settling in for the closing price of $47.59. ONON’s price has ranged from $24.15 to $52.80 over the past 52 weeks.
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A company in the Consumer Cyclical sector has jumped its sales by 65.20% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 146.64%. With a float of $209.41 million, this company’s outstanding shares have now reached $284.22 million.
In an organization with 2353 employees, it is important to assess its efficiency. 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 34.58%, while institutional ownership is 55.42%. The most recent insider transaction that took place on Oct 01 ’24, was worth 42,221,285. Before that another transaction happened on Oct 01 ’24, when Company’s Officer proposed sale 524,041 for $50.15, making the entire transaction worth $26,280,656.
On Holding AG (ONON) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.07 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 146.64% 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 7.18. Likewise, its price to free cash flow for the trailing twelve months is 41.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.53, a number that is poised to hit 0.22 in the next quarter and is forecasted to reach 1.07 in one year’s time.
Technical Analysis of On Holding AG (ONON)
Let’s dig in a bit further. During the last 5-days, its volume was 3.53 million. That was inferior than the volume of 5.02 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 44.86%. Additionally, its Average True Range was 1.77.
During the past 100 days, On Holding AG’s (ONON) raw stochastic average was set at 87.75%, which indicates a significant increase from 65.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.25% in the past 14 days, which was lower than the 38.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $48.01, while its 200-day Moving Average is $38.31. However, in the short run, On Holding AG’s stock first resistance to watch stands at $51.78. Second resistance stands at $52.92. The third major resistance level sits at $54.33. If the price goes on to break the first support level at $49.23, it is likely to go to the next support level at $47.82. The third support level lies at $46.68 if the price breaches the second support level.
On Holding AG (NYSE: ONON) Key Stats
With a market capitalization of 16.21 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.
