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Reason’s why On Holding AG (ONON) is an asset to your trade with current Target Price of $27.60

At the end of the latest market close, On Holding AG (ONON) was valued at $21.69. In that particular session, Stock kicked-off at the price of $21.84 while reaching the peak value of $22.79 and lowest value recorded on the day was $21.795. The stock current value is $22.45.Recently in News on August 2, 2022, On to Release Second Quarter 2022 Results on Tuesday, August 16, 2022. Swiss performance sportswear brand On (NYSE: ONON) announced today that the Company will release its second quarter 2022 financial results on Tuesday, August 16, 2022, before U.S. financial markets open. You can read further details here

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, On Holding AG shares are logging -59.82% during the 52-week period from high price, and 38.92% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $16.16 and $55.87.

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The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 2474707 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the On Holding AG (ONON) recorded performance in the market was -40.62%, having the revenues showcasing -14.61% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 6.18B, as it employees total of 1158 workers.

On Holding AG (ONON) in the eye of market guru’s

During the last month, 6 analysts gave the On Holding AG a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 21.57, with a change in the price was noted -0.60. In a similar fashion, On Holding AG posted a movement of -2.60% for the period of last 100 days, recording 2,630,930 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ONON is recording 0.26 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.19.

On Holding AG (ONON): Stocks Technical analysis and Trends

Raw Stochastic average of On Holding AG in the period of last 50 days is set at 91.56%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 94.87%. In the last 20 days, the company’s Stochastic %K was 90.63% and its Stochastic %D was recorded 92.40%.

If we look into the earlier routines of On Holding AG, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -40.62%. The shares increased approximately by 17.48% in the 7-day charts and went down by 21.02% in the period of the last 30 days. Common stock shares were lifted by -14.61% during last recorded quarter.

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