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Reason’s why On Holding AG (ONON) is an asset to your trade with current Target Price of $28.02

For the readers interested in the stock health of On Holding AG (ONON). It is currently valued at $18.17. When the transactions were called off in the previous session, Stock hit the highs of $18.22, after setting-off with the price of $17.05. Company’s stock value dipped to $16.9005 during the trading on the day. When the trading was stopped its value was $17.02.Recently in News on November 18, 2022, PERFORMANCE SPORTSWEAR BRAND ON EXPANDS ITS “ONWARD” RESALE OFFERING TO APPAREL, PARTNERS WITH TROVE TO POWER ELEVATED PROGRAM. Performance sportswear brand On today announced the expansion of its Onward resale program to include the brand’s robust apparel collection. On fans will now be able to shop a wide assortment of pre-owned men’s and women’s performance apparel alongside its footwear offerings. You can read further details here

On Holding AG had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $40.22 on 01/03/22, with the lowest value was $15.44 for the same time period, recorded on 10/11/22.

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On Holding AG (ONON) full year performance was -57.31%

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 -61.13% during the 52-week period from high price, and 17.68% 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 $15.44 and $46.74.

The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 2906019 for the day, which was evidently higher, 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 -51.94%, having the revenues showcasing -16.46% 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 5.86B, as it employees total of 1158 workers.

Market experts do have their say about On Holding AG (ONON)

During the last month, 9 analysts gave the On Holding AG a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 2 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 19.01, with a change in the price was noted +0.51. In a similar fashion, On Holding AG posted a movement of +2.89% for the period of last 100 days, recording 2,314,810 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 0.38 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.36.

Technical breakdown of On Holding AG (ONON)

Raw Stochastic average of On Holding AG in the period of last 50 days is set at 49.55%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 39.96%. In the last 20 days, the company’s Stochastic %K was 24.89% and its Stochastic %D was recorded 26.45%.

Bearing in mind the latest performance of On Holding AG, several 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 -51.94%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -0.82%, alongside a downfall of -57.31% for the period of the last 12 months. The shares increased approximately by -9.87% in the 7-day charts and went down by 8.15% in the period of the last 30 days. Common stock shares were lifted by -16.46% during last recorded quarter.

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