On Holding AG’s Shares Slip 2.07% as Stock Ranks 440th in $280M Turnover

On Holding AG (ONON) closed July 30, 2025, with a 2.07% decline, trading at $51.75 per share. The stock ranked 440th in trading volume for the day, with $280 million in turnover. The company, founded in 2010 and headquartered in Zurich, operates in 55 countries through 6,000 retail outlets, specializing in high-performance running, outdoor, and training footwear.

Analyst expectations highlight ONON’s upcoming earnings report on August 12, 2025. The Zacks Earnings ESP model indicates a potential positive surprise, with an expected surprise prediction of +14.89%. This metric is derived from the disparity between the Most Accurate Estimate of $0.27 and the Zacks Consensus Estimate of $0.24. The company currently holds a Zacks Rank #3 (Hold), reflecting in-line market expectations.

Financial metrics show ONON trading at a price-to-earnings ratio of 66.35x, significantly above industry and market averages. Despite a strong operating margin of 9.46% and $3.09 billion in annual revenue, valuation indicators suggest the stock is overpriced relative to intrinsic value. Recent market activity has seen mixed performance, with a 29.93% gain over one year but a 0.58% decline in the past month.

The strategy of buying the top 500 stocks by daily trading volume and holding for one day generated a 166.71% return from 2022 to the present, outperforming the benchmark by 137.53%. This approach achieved a compound annual growth rate of 31.89% and a Sharpe ratio of 1.14, underscoring robust risk-adjusted returns over the period.