Celsius Holdings Inc (NASDAQ:CELH) price closed lower on Monday, March 25, dropping -0.91% below its previous close.
A look at the daily price movement shows that the last close reads $92.46. The company’s 5Y monthly beta was ticking 1.86 while its P/E ratio in the trailing 12-month period read 116.83. Taking into account the 52-week price action we note that the stock hit a 52-week high of $99.62 and 52-week low of $28.08. The stock added 43.04% on its value in the past month.
Celsius Holdings Inc, which has a market valuation of $21.33 billion, is expected to release its quarterly earnings report May 07, 2024 – May 13, 2024. Analysts tracking CELH have forecast the quarterly EPS to grow by 0.19 per share this quarter, while the same analysts predict the annual EPS to hit $1.11 for the year 2024 and up to $1.55 for 2025. In this case, analysts estimate an annual EPS growth of 44.20% for the year and 39.60% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $392.21 million, with the likely lows of $375.77 million and highs of $414.54 million. The average estimate suggests sales growth for the quarter will likely rise by 79.20% 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 $1.88 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 42.40% above that which the company brought in 2024.
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 no upward and no downward reviews. On the technical perspective front, indicators give CELH a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that CELH’s price is at present 7.15% off the SMA20 and 33.60% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 65.42, with weekly volatility standing at 4.12%. The indicator jumps to 6.46% when calculated based on the past 30 days. Celsius Holdings Inc (NASDAQ:CELH)’s beta value is holding at 1.86, while the average true range (ATR) indicator is currently reading 4.47.
An analysis of the Celsius Holdings Inc (NASDAQ:CELH) stock in terms of its daily trading volume indicates that the 3-month average is 5.05 million. However, this figure increases on the past 10-day timeline to an average of 3.86 million.
Current records show that the company has 231.79M in outstanding shares. The insiders’ percentage holdings are 31.58% of outstanding shares while the percentage share held by institutions stands at 63.00%. The stats also highlight that short interest as of Feb 29, 2024, stood at 38.53 million shares, which puts the short ratio at the time at 7.52. From this we can glean that short interest is 16.55% of company’s current outstanding shares. Notably, we see that shares short in February rose slightly given the previous month’s figure stood at 36.4 million. But the 68.05% 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.
