ONON setting upONON coming back to test IPO start price with nice daily consolidation. Look for a bounce Risk would be no larger then 1.5% - 2%. I'm seeing rotation out of the large semi.
ONON
👟💡 On Holding (ONON) Analysis 📈🔍Market Insights:
On Holding NYSE:ONON , a global sports product developer, is demonstrating strong potential as it approaches a crucial resistance level within a bullish cup and handle formation, signaling possible substantial gains.
Endorsements and Analyst Sentiment:
The brand benefits from endorsements by high-profile athletes, including Roger Federer. Analysts like TD Cowen's John Kernan are bullish, with raised price targets and maintained buy ratings, indicating strong growth prospects.
Expansion Plans:
ONON's expansion into the Asia-Pacific market presents significant opportunities, with plans to open 100 new stores. The successful Cloudmonster franchise has driven robust sales, positioning ONON for further growth.
Investment Outlook:
Bullish Outlook: We are bullish on ONON above the $30.50-$31.00 range.
Upside Potential: With an upside target set at $51.00-$52.00, investors should monitor technical patterns and earnings reports for confirmation of this growth potential.
📊👟 Keep a close watch on On Holding's performance for investment opportunities! #ONON #SportsProducts 📉🔍
On Running Stock Leaps 18.28% On Earnings BeatOn Holding ( NYSE:ONON ), the parent company of On Running, has reported earnings of 36 cents per share, more than doubling from the 17 cents reported last year. Revenue jumped nearly 20% to a record $561 million, although sales growth slowed for the fifth quarter in a row. FactSet analysts expected adjusted earnings to tick down 2 cents to 15 cents per share. On's direct-to-consumer sales increased 48.7% year-over-year on a constant currency basis, making up 37.5% of On's total net sales.
On maintained its outlook of at least 30% net sales growth for the year and expects to achieve a gross profit margin of around 60% for the year. FactSet predicts 2024 an 87.5% earnings increase, to 75 cents per share, on 23% revenue growth to $2.511 billion.
On Holdings ( NYSE:ONON ) reports first quarter 2024 results, with On surpassing CHF 500 million in a single quarter for the first time in its history. Total net sales reached CHF 508.2 million, a growth of 20.9% year-over-year and by 29.2% on a constant currency basis. The significant increase in DTC net sales, which now make up 37.5% of On's total net sales, and efficient inventory management support On's further expansion of its premium gross profit margin to 59.7%.
The continued high demand for the On brand provides further confidence in the stated goals for 2024 and beyond. On reiterates its full year expectation of at least 30% growth in net sales on a constant currency basis, which translates to reported net sales of at least CHF 2.29 billion at current spot rates.
Technical Outlook
On Holdings shares ( NYSE:ONON ) closed up 18.28% on Tuesday's market trading which is moderately overbought with a Relative Strength Index (RSI) of 63. The stock has concurrently being in consolidation zones but has managed a 34.6% gain for the year through Tuesday's close.
ON Holding Faces Hurdles as Q4 Fall Short of ExpectationsOn Holding ( NYSE:ONON ), the parent company behind the Swiss shoemaker On Running, finds itself at a crossroads as its fourth-quarter earnings report disappoints investors, sending its stock price tumbling from near a buy point. Despite its optimistic outlook for 2024, the company's failure to meet earnings forecasts and sluggish revenue growth cast a shadow over its near-term prospects.
Disappointing Financial Performance:
On Running's Q4 earnings report revealed a stark contrast to expectations, with a quarterly loss of 6 cents per share compared to the anticipated 500% earnings growth to 12 cents per share. Revenue growth, albeit still positive, fell short of estimates for the fourth consecutive quarter, increasing by about 28% to $509 million, missing estimates of $516.8 million. This marked a significant deviation from the company's previous quarters of exceptional growth, signaling potential headwinds ahead.
Optimistic Outlook Amid Challenges:
Despite the setback, On Running ( NYSE:ONON ) remains optimistic about its future prospects, forecasting a net sales growth rate of 30% for 2024 to reach 2.25 billion Swiss francs ($2.57 billion). The company attributes this growth to strong demand for its brand and product pipeline. Additionally, it anticipates direct-to-consumer net sales to grow by 26% in the first quarter, driven by strategic shifts in its distribution strategy.
Mixed Analyst Sentiment:
Analysts' views on On Holding's ( NYSE:ONON ) stock vary, reflecting the uncertainty surrounding its future performance. While Wedbush and Baird raised their price targets on NYSE:ONON stock, citing positive momentum and strong fundamentals, Redburn Atlantic downgraded the stock to neutral from buy. Redburn Atlantic's cautious stance underscores concerns about the company's valuation and the challenges facing the sportswear category in 2024.
Navigating Forward:
As On Holding ( NYSE:ONON ) navigates through turbulent waters, its strategic decisions regarding distribution channels and product launches will be closely scrutinized. The company's ability to address the discrepancies between its optimistic outlook and its recent financial performance will be critical in restoring investor confidence and sustaining its long-term growth trajectory.
NYSE:ONON stock plummeted by about 16.41% on Tuesday market trading before the Q4 Results.
Conclusion:
On Holding's ( NYSE:ONON ) recent earnings miss underscores the challenges it faces in maintaining its growth momentum amidst evolving market dynamics. While optimism surrounding its brand and product offerings remains intact, the company must address investor concerns and demonstrate tangible progress in aligning its performance with its ambitious forecasts. As the sportswear industry navigates through uncertainty, On Holding's ability to adapt and execute its strategic initiatives will determine its success in the competitive landscape.
ONON On Holding AG Options Ahead of EarningsIf you haven`t sold ONON ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of ONON On Holding AG prior to the earnings report this week,
I would consider purchasing the 50usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $2.16.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ONON On Holding AG Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ONON On Holding AG prior to the earnings report this week,
I would consider purchasing the 35usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $2.42.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ONON Possible bullish breakI am currently watching Swiss shoe maker company called On Holding AG, ticker ONON. The price action of the stock is forming one of my favorite patterns, Cup with Handle.
Things to consider:
1. My first buy point is sitting just below current price level, at $33.67 price.
2. Once I enter this position, my stop loss will be set at $30.30 level, just below 50MA.
3. Additional buying for the stock will be done once the previous high is broken, sitting around $34.4-34.8 price level, which is acting as resistance at the moment.
4. Ultimate price goal for this stock would be the first high after IPO, price around $40, if price action is bullish and I see a healthy uptrend, I will surely continue holding this stock.
Of course, as always, this is my personal opinion. Please do your due diligence before investing.
Long trade in ONONUBS analysts doubled down on its bullish view on the stock today. They have Buy rating on ONON and a price target of $42. Shares are up 5% today on the news.
This stock has been a favorite of mine for several months. It went public in late 2021. It performed great initially. But the 2022 bear market gave it a beating.
ONON has more than doubled off its 2022 lows and the company is growing sales at an astounding 80% quarterly rate.
Shares dipped below the 50-day moving average (red line on chart) in May and did an “undercut & rally.” This is where a stock will breach a previous support area triggering thousands of stop losses and taking investors out. Institutions often buy here and drive the price back above support (dashed line on chart) to continue the move higher.
Investors may consider buying here with a 10% stop loss near 27.25.
ONON Setting up for a profit run Post I made on 5.13.23 "4 hour i think you have plenty of absorption on the larger time frames too
— 05/13/2023 5:55 PM
most likely willl stall this at or around 32-34 for earnings or pre launch it which i dont like..."
The end result was better it didnt launch and they pushed it down now its prime for a launch as you are force feeding the absorption and priming the launch.
Should have $3-6 dollars in leg...I have it set to hit $42 which might be reaching, but do able.
My indicators, ESVO is all the lines from different timeframes where price and volume meet in the middle....cradling price is where you want this to be and all together. which creates a synergy between buyers and sellers and the volume between the two is also cohesive at this area. might see some resistance at 28.24 but nothing serious.... $31 as well.
NPVR : Square box at price action is a Hi lo channel when the price is inside the box and hugging the top or bottom its basically going in the opposite direction.
HILO support line right under @27.27 and bullish candles on the last 4 candles since the spike up with the wick. @ 06/02/23 9:30am
Volume profile sellectable session anchor: Whats really nice about this is that no matter what anchor you use... HI / low volume, highest volume, week, session, day, earnings, etc..... every single one is either right under the current price or as low as $27 so a significant amount of support under it.
$ONON 30 min I am currently down in NYSE:ONON but not selling due to nice strength this morning after it opened lower from earnings. Patience is key here.
Long Trade in ONONOn Holdings, the maker of OnCloud tennis shoes found on soccer moms everywhere, is one of the hottest stocks in the market right now.
It went public in 2021, just in time to get hammered in the bull market.
But shares have come back with a vengeance.
ONON has already doubled this year and is making new all-time highs as I write this.
Notice the textbook consolidation pattern followed by a pocket pivot breakout through resistance. This is healthy action and exactly what we expect from stocks under institutional accumulation.
We have a little time before this one reports earnings. The announcement is scheduled for a week from Tuesday on May 16th before market open. If I had a profit cushion of at least 10%, I’d probably hold this one through the report.
Taking a walk with ON'sThanks to one of my Stream viewers @Casey_Louis for bringing NYSE:ONON to my attention. Many folks in my family love these shoes (my nephew even has the toddler versions).
I like the initial survival of the 50% Pullback to $20/share. Now price is heading up for another leg. I do not like the breakout for myself... the reason being the initial IPO price just slightly overhead. This is yet another reason why we DO NOT BUY IPOs... very often you get a much better opportunity!
How I want to play it: I want to look for a pullback to the next 50% Retracement level at $24. I hope we get it because trendy consumer goods have a good track record of yielding big gains.
Long Trade in ONONONON is the maker of the popular OnCloud running shoes.
The company has experienced tremendous growth over the last few years. I even see it here. They are on the feet on every soccer mom in town.
Last month’s earnings report blew away expectations and shares advanced almost 50% in a week.
Since then, pullbacks have been minimal.
This is a recent IPO, and it is quickly becoming a true market leader.
I am writing this at noon on Friday, and the stock is currently trading near $31. I believe the stock is buyable here with a stop loss at 28.20 to risk 8% on the trade.
