The Business Case For Buying Celsius Holdings Inc (NASDAQ: CELH) Stock Now

Celsius Holdings Inc (NASDAQ:CELH) price is hovering lower on Tuesday, April 16, dropping -0.13% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $73.49. The company’s P/E ratio in the trailing 12-month period read 93.59. 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 $28.10. The stock subtracted -21.00% on its value in the past month.

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 50% Buy 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 100% Buy.

The overview shows that CELH’s price is at present -13.02% off the SMA20 and -4.62% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 37.29, with weekly volatility standing at 5.55%. The indicator jumps to 4.80% when calculated based on the past 30 days. Celsius Holdings Inc (NASDAQ:CELH)’s beta value is holding at 1.91, while the average true range (ATR) indicator is currently reading 4.23.

An analysis of the Celsius Holdings Inc (NASDAQ:CELH) stock in terms of its daily trading volume indicates that the 3-month average is 4.86 million.

Current records show that the company has 231.79M in outstanding shares. The insiders’ percentage holdings are 31.43% of outstanding shares while the percentage share held by institutions stands at 62.95%. But the 34.62% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

Most Popular