Celsius Holdings Inc (NASDAQ:CELH) price closed lower on Friday, November 17, dropping -0.14% below its previous close.
A look at the daily price movement shows that the last close reads $50.04, with intraday deals fluctuated between $49.53 and $50.8999. The company’s 5Y monthly beta was ticking 1.85 while its P/E ratio in the trailing 12-month period read 101.48. Taking into account the 52-week price action we note that the stock hit a 52-week high of $68.95 and 52-week low of $26.75. The stock subtracted -12.81% on its value in the past month.
Celsius Holdings Inc, which has a market valuation of $11.58 billion, is expected to release its quarterly earnings report Nov 07, 2023. Analysts tracking CELH have forecast the quarterly EPS to grow by 0.16 per share this quarter, while the same analysts predict the annual EPS to hit $0.75 for the year 2023 and up to $0.97 for 2024. In this case, analysts estimate an annual EPS growth of 185.20% for the year and 29.30% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $332.85 million, with the likely lows of $294.99 million and highs of $373 million. The average estimate suggests sales growth for the quarter will likely rise by 87.00% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.3 billion for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow 99.60% above that which the company brought in 2023.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and no downward reviews. On the technical perspective front, indicators give CELH a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as Hold.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 15 analysts have assigned CELH a recommendation rating as follows: 2 rate it as a Hold; 12 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Celsius Holdings Inc (CELH) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that CELH’s price is at present -8.89% off the SMA20 and -12.46% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 37.41, with weekly volatility standing at 6.97%. The indicator jumps to 6.28% when calculated based on the past 30 days. Celsius Holdings Inc (NASDAQ:CELH)’s beta value is holding at 1.77, while the average true range (ATR) indicator is currently reading 3.33. Considering analysts have assigned the stock a price target range of $61.69-$83.33 as the low and high respectively, we find the trailing 12-month average consensus price target to be $71.08. Based on this estimate, we see that current price is roughly -23.45% off the estimated low and -66.76% off the forecast high. Investors will no doubt be excited to see the share price fall to $72.00, which is the median consensus price, and at that level CELH would be -44.09% from current price.
Turning out attention to how the Celsius Holdings Inc stock has performed in comparison to its peers in the industry, here’s what we find: CELH’s stock is -0.14% on the day and 48.91% in the past 12 months. Turning out attention to how the Celsius Holdings Inc stock has performed in comparison to its peers in the industry, here’s what we find: CELH’s stock is -0.14% on the day and 48.91% in the past 12 months. Another comparison is with Coca-Cola Europacific Partners PLC (CCEP) whose stock price was down -0.13%% in the last trading session, and has flourished 18.29% over the past year. Also, Coca-Cola Consolidated Inc. (COKE) showed up trend of 1.94%% while its price kept floating at 52.22% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.13% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.01%.
An analysis of the Celsius Holdings Inc (NASDAQ:CELH) stock in terms of its daily trading volume indicates that the 3-month average is 4.48 million. However, this figure increases on the past 10-day timeline to an average of 9.64 million.
Current records show that the company has 229.15M in outstanding shares. The insiders’ percentage holdings are 40.22% of outstanding shares while the percentage share held by institutions stands at 60.60%. The stats also highlight that short interest as of Oct 30, 2023, stood at 33.02 million shares, which puts the short ratio at the time at 9.49. From this we can glean that short interest is 14.25% of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 32.15 million. But the 44.09% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.