On Holding AG (ONON): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that On to Release Fourth Quarter and Full Year 2023 Results on Tuesday, March 12, 2024.

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Stocks Info

This NYSE-listed company operates within the Footwear & Accessories industry segment, falling under the Consumer Cyclical sector. The current market capitalization of On Holding AG is $10.85B. A total of 6.46 million shares were traded on the day, compared to an average of 4.93M shares.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ONON in the last 3 months, the mean price target is $30.84 with high estimates of $45.34 and low estimates of $18.13. In terms of 52-week highs and lows, ONON has a high of $37.08 and a low of $19.90.

As of this writing, ONON has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ONON’s latest balance sheet shows that the firm has $683.10M in Cash & Short Term Investments as of fiscal 2021. There were $180.80M in debt and $205.00M in liabilities at the time. Its Book Value Per Share was $3.76, while its Total Shareholder’s Equity was $848.50M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ONON is Buy with a score of 4.53.

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