ON HOLDING AG-CLASS A (NYSE:ONON) – A Strong Growth Stock with Bullish Technical Setup

ON HOLDING AG (NYSE:ONON) was identified by our screener as a strong growth stock with a favorable technical setup. The company, known for its performance sports products, combines solid fundamentals with a bullish chart pattern, making it worth a closer look.

Growth and Fundamentals

• Revenue & Earnings Growth: ONON has delivered impressive revenue growth of 29.36% over the past year, with a five-year average growth rate of 54.06%. Earnings per share (EPS) grew by 30.88% in the same period.
• Future Expectations: Analysts project continued growth, with EPS expected to rise by 22.67% annually and revenue by 20.24%.
• Profitability: The company maintains a strong 60.63% gross margin, outperforming 79% of its peers in the textiles and apparel industry.
• Financial Health: ONON scores an 8/10 on financial health, supported by a low debt-to-equity ratio (0.21) and strong liquidity metrics.

Technical Setup

• Bullish Trend: Both short-term and long-term trends are positive, with the stock trading near the upper end of its 52-week range.
• Bull Flag Pattern: The recent pullback after a strong upward move suggests a potential continuation of the uptrend.
• Support & Resistance: Key support lies at $58.25-$58.43, while resistance is found near $59.97-$60.16. A breakout above resistance could signal further upside.

Our Strong Growth Stocks with Good Technical Setup Ratings screener provides more stocks meeting similar criteria.

For a deeper dive, review the full fundamental analysis of ONON and the technical analysis report.

Disclaimer

This is not investment advice. The observations are based on current data, but market conditions can change. Always conduct your own research before making investment decisions.