Celsius Holdings Inc (NASDAQ:CELH) shares, rose in value on Thursday, April 04, with the stock price up by 4.63% to the previous day’s close as strong demand from buyers drove the stock to $80.20.
Actively observing the price movement in the recent trading, the stock is buoying the session at $76.65. The value of beta (5-year monthly) is 1.88 whereas the PE ratio is 102.27 over 12-month period. Referring to stock’s 52-week performance, its high was $99.62, and the low was $28.08. On the whole, CELH has fluctuated by -7.53% over the past month.
With the market capitalization of Celsius Holdings Inc currently standing at about $18.67 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.19, which is expected to increase to $0.31 for fiscal year $1.1 and then to about $1.54 by fiscal year 2025. Data indicates that the EPS growth is expected to be 42.90% in 2025, while the next year’s EPS growth is forecast to be 40.00%.
Analysts have estimated the company’s revenue for the quarter at $392.21 million, with a low estimate of $375.77 million and a high estimate of $414.54 million. According to the average forecast, sales growth in current quarter could jump up 79.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.88 billion, representing an increase of 42.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CELH’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CELH currently trading nearly -8.97% and 11.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.32, while the 7-day volatility ratio is showing 4.89% which for the 30-day chart, stands at 4.90%. Furthermore, Celsius Holdings Inc (CELH)’s beta value is 1.89, and its average true range (ATR) is 4.37.
A comparison of Celsius Holdings Inc (CELH) with its peers suggests the former has fared considerably weaker in the market. CELH showed an intraday change of 4.63% in today’s session so far, and over the past year, it grew by 161.13%%.
Data on historical trading for Celsius Holdings Inc (NASDAQ:CELH) indicates that the trading volumes over the past 10 days have averaged 3.13 million and over the past 3 months, they’ve averaged 4.92 million. According to company’s latest data on outstanding shares, there are 231.79 million shares outstanding.
Nearly 31.58% of Celsius Holdings Inc’s shares belong to company insiders and institutional investors own 63.04% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.16 million shares as on Mar 15, 2024, resulting in a short ratio of 2.74. According to the data, the short interest in Celsius Holdings Inc (CELH) stood at 7.80% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 36.31 million. The stock has risen by 47.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CELH stock heading into the next quarter.
