ONON develops and distributes footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. The Switzerland-based company is known for its CloudTec sole, which is distinctive for its huge holes in a foam cushion, and popular among runners. It’s also known for innovation, like its LightSpray product, which uses robotics to spray a shoe onto a mold.

While it’s a young company, ONON has been able to greatly grow sales, especially in its native country. But beyond those borders is where the company thinks the growth lies, and it is strategically planning to capture more market share, especially from larger peers.

It’s no wonder ONON shares are up 120% this year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Big Money Loves On Holding

Institutional volumes reveal plenty. Recently, ONON has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in ONON shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of discretionary names are under accumulation right now. But there’s a powerful fundamental story happening with On Holding.

On Holding Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, ONON has had strong sales growth:

• 1-year sales growth rate (+55.8%)

• 3-year sales growth rate (+64.1%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +14.2%.

Now it makes sense why the stock has been powering to new heights. ONON has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

On Holding has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times in the last year. The blue bars below show when ONON was a top pick…with shares rising over time:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

On Holding Price Prediction

The ONON rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.