ONON Stock Recent News
ONON LATEST HEADLINES
Zacks.com users have recently been watching On Holding (ONON) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
On Holding (ONON) reachead $48.75 at the closing of the latest trading day, reflecting a +0.64% change compared to its last close.
On Holding's impressive 18.8% FCF margin and 60.2% gross margin highlight its strong financial performance. International growth, particularly in the APAC region, and the expansion of retail stores and the DTC channel are key drivers for On's future success and can help expand margins further. Despite decelerating top-line growth, On's profitability and operating leverage remain strong, justifying a buy rating after a 23.9% sell-off since January.
TORONTO, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Ralph Ades (the “Acquiror”) announced today that the Acquiror acquired ownership and control of 121,498 common shares (the “Common Shares”) in the capital of RealCap Holdings Limited (the “Issuer”) (the “Acquisition”) as a result of the bequest of the shares to the Acquiror following the passing of the Acquiror's father, David S. Ades. Prior to the Acquisition, the Acquiror directly or indirectly owned 52,902 Common Shares, representing approximately 30.33% of the total issued and outstanding Common Shares. After giving effect to the Acquisition and as at the date hereof, the Acquiror directly or indirectly owns and has control over 174,400 Common Shares, representing 100% of the total issued and outstanding Common Shares.
On Holding (ONON) concluded the recent trading session at $51.21, signifying a -1.65% move from its prior day's close.
ONON shows strong upward momentum, with a recent -21% pullback presenting a buying opportunity, targeting a +45% potential gain to $74. Despite high valuation concerns, ONON's solid revenue growth, high profit margins, and impressive cash flow performance support the upward momentum. The company's solid business model and its innovative technology have driven significant market share growth.
The latest trading day saw On Holding (ONON) settling at $54.04, representing a +0.13% change from its previous close.
On Holding (ONON) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
On Holding stock has done well after bottoming at $15.6 in 2022. It has soared to $56, giving it a market cap of over $18 billion and making it one of the fastest-growing brands in the footwear and apparel industries.
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