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On Holding AG’s Banking’s 100-Day Moving Average at 32.18: Will the Stock Break Through?

The market performance of On Holding AG has been somewhat stable. Over the past year, the company’s stock achieved a high of $42.10 on 05/29/24, with the lowest value for the same timeframe being $23.41, recorded on 10/13/23.

52-week price history of ONON Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. On Holding AG’s current trading price is 0.33% away from its 52-week high, while its distance from the 52-week low is 80.44%. The stock’s price range during this period has fluctuated between $23.41 and $42.10. Shares of the company, which operates in the Consumer Cyclical sector, recorded a trading volume of around 1.88 million for the day, which was evidently lower than the average daily volume of 5.62 million over the last three months.

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Financial Performance and Market Capitalization

On Holding AG (ONON) has experienced a quarterly rise of 23.33% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 12.82B and boasts a workforce of 2353 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 32.18, with a change in price of +15.96. Similarly, On Holding AG recorded 5,365,545 in trading volume during the last 100 days, posting a change of +60.75%.

ONON Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ONON stands at 0.29. Similarly, the long-term debt-to-equity ratio is also 0.23.

ONON Stock Stochastic Average

On Holding AG’s raw stochastic average for the past 50 days is currently at 98.80%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 98.80%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 98.55% and 98.24%, respectively.

ONON Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 56.62%.However, over the last six months, we can see a weaker performance of 49.73%. Over the last 30 days, the price of ONON has fallen by 29.53%. And in the last five days, it has surged by 13.21%.

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