Navigating ONON Stock – An Editor's Insight

By Tamara Parker • Tuesday, December 17 15:11 • Permanent Link

Large-cap Consumer Discretionary company On has moved -2.8% so far today on a volume of 2,464,498, compared to its average of 3,615,336. In contrast, the S&P 500 index moved -1.0%.

On trades -5.97% away from its average analyst target price of $59.82 per share. The 24 analysts following the stock have set target prices ranging from $47.832077 to $66.22774, and on average have given On a rating of buy.

Anyone interested in buying ONON should be aware of the facts below:

On has moved 84.6% over the last year, and the S&P 500 logged a change of 27.4%
Based on its trailing earnings per share of 0.44, On has a trailing 12 month Price to Earnings (P/E) ratio of 127.8 while the S&P 500 average is 29.3
ONON has a forward P/E ratio of 51.1 based on its forward 12 month price to earnings (EPS) of $1.1 per share
Its Price to Book (P/B) ratio is 14.37 compared to its sector average of 3.19
On Holding AG engages in the development and distribution of sports products worldwide.
Based in Zurich, the company has 2,353 full time employees and a market cap of $18.19 Billion.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.