Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate On Holding AG before investing.

In this article, we go over a few key elements for understanding On Holding AG’s stock price such as:

• On Holding AG’s current stock price and volume
• Why On Holding AG’s stock price changed recently
• Upgrades and downgrades for ONON from analysts
• ONON’s stock price momentum as measured by its relative strength

About On Holding AG (ONON)

Before we jump into On Holding AG’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

On Holding AG is a Switzerland-based company active in athletic sports accesories industry. The Company provides footwear and sports apparel and is engaged in developing and distributing performance sports products, through independent retailers and global distributors. The Company sells its products trough the internet and its own stores.

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On Holding AG’s Stock Price as of Market Close

As of June 21, 2024, 4:00 PM, CST, On Holding AG’s stock price was $39.72.

On Holding AG is down 4.82% from its previous closing price of $41.73.

During the last market session, On Holding AG’s stock traded between $40.92 and $42.00. Currently, there are 322.20 million shares of On Holding AG stock available for purchase.

On Holding AG’s price-earnings (P/E) ratio is currently at 95.2, which is high compared to the Footwear industry median of 19.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

On Holding AG Stock Price History

On Holding AG’s (ONON) price is currently down 6.63% so far this month.

During the month of June, On Holding AG’s stock price has reached a high of $44.30 and a low of $38.19.

Over the last year, On Holding AG has hit prices as high as $44.30 and as low as $23.41. Year to date, On Holding AG’s stock is up 131.47%.

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What Caused On Holding AG Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 20, 2024, there were 0 analysts who downgraded On Holding AG’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate On Holding AG’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on On Holding AG’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

On Holding AG’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about On Holding AG (ONON) by visiting AAII Stock Evaluator.

Relative Price Strength of On Holding AG

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 20, 2024, On Holding AG has a weighted four-quarter relative price strength of 5.52%, which translates to a Momentum Score of 85 and is considered to be Very Strong.

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On Holding AG Stock Price: Bottom Line

As of June 21, 2024, On Holding AG’s stock price is $39.72, which is down 4.82% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like On Holding AG stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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