On Holding AG Slips to 400th in Trading Volume Despite Strong Financial Performance

On June 17, 2025, On Holding AG (ONON) experienced a significant decline in trading volume, with a total of 1.92 billion shares traded, marking a 39.06% decrease from the previous day. This drop in volume placed ONON at the 400th position in terms of trading volume for the day. The stock price of ONON also decreased by 1.79%.

On Holding AG has demonstrated strong financial performance, with revenue surging by 29.4% year-over-year in 2024. The company's diversified revenue streams, including a significant contribution from Direct-to-Consumer (DTC) sales, have positioned it as a leader in the premium athletic apparel market. The company's strategic agility and focus on premium innovation have allowed it to achieve an EBITDA margin of 16.7%, reflecting a leaner business model compared to its peers.

ON Holding's regulatory challenges are primarily operational, such as currency fluctuations and supply chain bottlenecks, which are manageable through geographic diversification. This contrasts sharply with the regulatory scrutiny faced by tech giants like Meta, which are subject to significant legal and financial risks. ON Holding's focus on sustainability reporting and compliance with geopolitical disruptions further enhances its resilience in the market.

Analysts have given ON Holding AG a mean price target of $65.45, reflecting a positive outlook on the company's growth prospects. The company's disciplined execution, including its DTC expansion, brand partnerships, and EBITDA margin targets, offers visibility and stability for investors. With a 27% revenue growth target for 2025, ON Holding presents a compelling "growth at a reasonable price" (GARP) investment opportunity.