As the S&P 500 reaches record highs, driven by strong performances in chipmakers and China-facing stocks, investors are increasingly looking for growth opportunities in companies with solid fundamentals. In this thriving market environment, stocks with high insider ownership often signal confidence from those who know the company best and can be a key indicator of potential long-term success.
Top 10 Growth Companies With High Insider Ownership In The United States
Overview: Viemed Healthcare, Inc., with a market cap of $276.05 million, provides home medical equipment and post-acute respiratory healthcare services to patients in the United States.
Operations: Revenue from the Sleep and Respiratory Disorders Sector amounted to $205.70 million.
Insider Ownership: 12.7%
Revenue Growth Forecast: 11.8% p.a.
Viemed Healthcare is a growth company with high insider ownership, presenting strong earnings and revenue growth potential. The company's revenue for Q2 2024 increased to US$54.97 million from US$43.31 million a year ago, although net income slightly decreased to US$1.47 million from US$2.33 million. Analysts forecast Viemed's annual earnings to grow significantly at 32.5%, outpacing the broader market's 15.3%. Recent events include a shelf registration filing of US$56.63 million and upcoming presentations at the Lake Street Best Ideas Growth Conference in New York on September 12, 2024.
Overview: Canadian Solar Inc., with a market cap of $924.30 million, provides solar energy and battery energy storage products and solutions across Asia, the Americas, Europe, and internationally.
Operations: Canadian Solar generates revenue primarily from its CSI Solar segment, which brought in $6.58 billion, and its Recurrent Energy segment, which contributed $207.51 million.
Insider Ownership: 21.2%
Revenue Growth Forecast: 13.9% p.a.
Canadian Solar, a growth company with high insider ownership, recently reported Q2 2024 earnings showing a decline in sales to US$1.64 billion from US$2.36 billion year-over-year and net income dropping to US$3.82 million from US$169.97 million. Despite this, the company's earnings are forecast to grow significantly at 73.35% annually over the next three years, outpacing the broader market's growth rate of 15.2%. Canadian Solar also entered into an agreement for issuing convertible secured notes worth $200 million with PAG as a new investor.
Overview: On Holding AG develops and distributes sports products globally, with a market cap of $16.07 billion.
Operations: On Holding's revenue primarily comes from its Athletic Footwear segment, generating CHF 2003.50 million.
Insider Ownership: 28.4%
Revenue Growth Forecast: 20.3% p.a.
On Holding AG, with substantial insider ownership, reported strong Q2 2024 earnings with sales of CHF 567.7 million and net income of CHF 30.8 million, showing significant year-over-year growth. The company reiterated its full-year guidance for a constant currency growth rate of at least 30%, translating to net sales of CHF 2.26 billion. Analysts forecast robust annual earnings and revenue growth rates of 24.2% and 20.3%, respectively, outpacing the US market averages.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.
