ONON Stock Update: On Holding AG’s Banking’s Market Struggles and Potential Opportunities

On Holding AG ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $44.30 on 06/12/24, while the lowest value for the same period was recorded at $23.41 on 10/13/23.

52-week price history of ONON Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. On Holding AG’s current trading price is -15.28% away from its 52-week high, while its distance from the 52-week low is 60.32%. The stock’s price range during the 52-week period has remained between $23.41 and $44.30. In the Consumer Cyclical sector, the company’s shares saw a trading volume of around 1.0 million for the day, which was evidently lower than the average daily volume of 4.91 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

On Holding AG (ONON) has experienced a quarterly rise of 15.23% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 11.41B and boasts a workforce of 2353 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 35.60, with a change in price of +7.65. Similarly, On Holding AG recorded 5,222,341 in trading volume during the last 100 days, posting a change of +25.52%.

Examining ONON’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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

As of today, On Holding AG’s raw stochastic average for the last 50 days stands at 53.70%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 18.85%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 18.48% and 12.74%, respectively.

ONON Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. This year’s metric has recorded a Price increase of 39.15%. However, over the past six months, we’ve seen a weaker performance of 41.25%. The price of ONON leaped by -11.07% over the last 30 days. And in the last five days, it has fallen by -1.31%.

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