ONON vs. Nike: Comparing Athletic Wear Stocks
The ONON stock and ON Holding AG Company have recently generated significant buzz in investment circles. As investors consider profitable opportunities for the second half of 2024, this intriguing offer has caught the attention of many.
Whether you’re a seasoned stock investor or just entering the dynamic world of trading, it’s worth taking a closer look at this compelling stock. To make an informed decision, let’s start by examining the company behind the ticker.
We’ll explore all the essential information about ON Holding AG before delving into the current market conditions and ONON stock forecast. This comprehensive overview will provide valuable insights for anyone considering this investment opportunity.
Overview of On Holding AG
On Holding AG is a global Swiss company in the athletic sportswear sector, operating as a holding company.
Through its subsidiaries, On Holding AG provides a range of high-quality footwear and sports apparel, renowned for its performance and comfort and enjoyed by customers worldwide.
The company designs and distributes high-performance sports items through independent retailers and international distributors. Its product lineup includes lightweight and stretchable accessories and other advanced fabrics. On Holding AG holds the fifth position in its industry worldwide.
Their products are available both online and in physical stores. Here are a few key facts about the company:
Sector: Consumer Discretionary
Sub-industry: Apparel and Textile Products
Employees: 2,353
Having reviewed the company’s core details, let’s now examine the current performance of ONON stock.
ONON/USD 5-Day Chart
ONON Stock Statistics in Detail
For those curious about the ONON stock price today and considering whether to buy or sell ONON stock, here are the key statistics as of August 6, 2024:
Current Quote: 38.01
Change: +0.77 (+2.07%)
Volume: 1,662
Previous Close: 37.24
Change: -1.43 (-3.70%)
Volume: 5,343,169
52 Week Range: 23.41 – 44.30
Market Cap: 11.891B
Shares Out: 319.30M
Prev Close: 37.24
52 Week High: 44.30
52 Week High Date: 06/12/24
52 Week Low Date: 10/13/23
YTD % Change: 38.08
Beta: 2.23
10-Day Average Volume: 3.82M
Open: 0.00
Day High: 0.00
Day Low: 0.00
Dividend: –
Dividend Yield: –
Ratios/Profitability
Profitability ratios represent a specific kind of financial metrics. It is mostly used to assess the ability of a particular business to produce profit about metrics like revenue or assets.
EPS (TTM): 0.43
P/E (TTM): 86.85
Forward P/E (NTM): 59.47
EBITDA (TTM): 291.195M
Revenue (TTM): 2.193B
Gross Margin (TTM): 59.87%
Net Margin (TTM): 6.73%
ROE (TTM): 11.51%
Debt to Equity (MRQ): 29.31%
Events
Earnings Date: 08/12/2024 (estimated)
Ex-Div Date: –
Div Amount: –
It is also crucial to note that this particular stock does not pay dividends.
ONON Stock News: Key Updates to Keep in Mind
As a dynamic and highly successful company, On Holding AG continues to attract growing interest from investors. Staying informed about the latest developments is essential for those following ONON stock.
Featured in IBD 50 Growth Stocks to Watch
Yahoo Finance highlights On Holding AG as a key pick in the renowned IBD 50 Growth Stocks To Watch list. The stock has formed a cup base with a buy point of 44.30. After a slight pullback following a recent gain, ONON stock is currently holding steady at its moving average.
Despite a 2.6% drop after a mixed report from Crocs, the stock rebounded 6.7% last Wednesday. However, it is now testing its support levels.
Nearly 50% Growth in 2024
On Holding AG has demonstrated impressive performance, with its stock gaining nearly 50% in 2024 so far. The company reported a 123% profit increase in Q1.
ONON stock currently has an EPS ratio of 38, and analysts forecast a profit growth of 155% by the end of 2024. Additionally, mutual funds are increasing their holdings, reflecting strong accumulation and distribution trends.
ONON Stock: Buy or Sell?
One of the most common questions about ONON stock is whether it’s a good stock to buy. According to ratings from sixteen different Wall Street analysts, ONON is considered a strong buy.
If you’re someone deciding whether to buy or sell, you should consider purchasing this stock, as its future outlook is very promising. More details are provided below.
ONON Stock Prediction and Crucial Information
According to short-term price targets from various industry analysts, the consensus average target for On Holding AG is $42.89. This forecast can fluctuate, with estimates ranging from a low of $21.00 to a high of $55.00.
The average target suggests a potential increase of 6.56% from the most recent closing price of $40.25.
Prediction for 2025
Experts anticipate that by 2025, On Holding AG’s stock will likely reach $40.94.
Forecast for 2030
Analysts predict that On Holding AG’s stock could reach approximately $42.65 by 2030, assuming it continues to grow at its current 10-year average rate.
If this forecast holds true, ONON stock would experience an 11.24% increase from its current value.
ONON Stock Versus Nike Stock – What to Note?
If you’re uncertain about investing in sports companies, we’ve compiled a helpful comparison of ONON and Nike stocks.
Growth Potential: Nike vs. On Holding
ONON stock is growing at a faster rate than Nike’s. However, with around $2 billion in revenue, it remains much smaller than Nike’s $50 billion.
On Holding is expanding rapidly, diversified into tennis cross-training and running shoes. The company aims to double its sales between 2023 and 2026, targeting a 26% annual growth rate and an 18% adjusted EBITDA margin.
Nike, on the other hand, continues to strengthen its position in the market with stable industry growth and strong consumer demand. However, it has reduced production in response to a decline in demand.
Valuation: Nike vs. On Holding
Nike’s stock is currently about 60% off its peak and trades at a price-to-earnings ratio of 20. In contrast, ONON stock has a higher price-to-earnings ratio of 89, reflecting its rapid growth and expected market share gains.
Which Stock is the Better Option?
For those in the sports industry debating between ONON and Nike stock, the latest expert data suggests that ONON is a “strong buy” compared to Nike.
ONON Stock is one of the most profitable stocks in its industry. Numerous stock professionals find it a strong buy that would benefit investors. Take advantage of the opportunity!
The post ONON Stock Deep Dive: Growth, Forecasts, and Comparisons appeared first on FinanceBrokerage.