The stock of Celsius Holdings Inc. (NASDAQ:CELH) increased by $4.37 on Friday to finish at $181.99, up 2.46 percent. The last five days have seen an average of 910,740 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $77.95. The average number of shares traded over the last 20 days was 1,546,655, while the average volume over the last 50 days totaled 1,331,330.
CELH stock appreciated 26.01% since last month. On 08/02/23, the company’s shares reached a one-month low of $135.09. The stock touched a high of $185.05 on 08/23/23, after rallying from a low of $78.25 in 52 weeks. The price of CELH stock has risen by 74.92% or $77.95 this year, reaching a new high 20 times. Still, the stock price is down -1.65% from the 52-week high.
Insider Transactions
CELH stock investors should be aware that Celsius Holdings Inc. (CELH) stock had its last reported insider trading activity 5 days ago on Aug 23. On Aug 23, Director Castaldo Nicholas sold 55,000 shares at $181.58 each. This transaction resulted in the insider making $9,986,900. On Aug 22, David Toby sold 54,941 shares at a price of US$178.28. After the transaction, the insider now owns 37,576 shares. Sr. Vice President, Operations Storey Paul H. had earlier sold 1,055 shares on Aug 22 for $179.60 a share. The transaction was completed for $189,483.
Valuation Metrics
Beta for the stock is 1.74. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 14.35, the price-to-book (PB) ratio of 106.43, and the price-to-cash flow ratio of 138.64.
Financial Health
For the three months ended June 29, Celsius Holdings Inc.’s quick ratio was 3.40, while its current ratio was 4.00, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 45.20% percent. Celsius Holdings Inc.’s EBITDA margin for the year ended June 29 was -23.85%, whereas its operating margin stood at -7.40% for the same period. Based on annual data, it had gross profit of $270.87 million and revenue of $653.6 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CELH’s return on assets (ROA) during the last 12 months has been -10.90%. There was a -476.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -182.60%.
Earnings Surprise
According to Celsius Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $325.88 million, while revenues rose by 59.07% to $259.94 million. It was predicted that Celsius Holdings Inc.’s quarterly earnings would be $0.52, but it ended up being $0.28, beating the consensus by 85.70%. EBITDA was $69.04 million for the quarter. At the end of Celsius Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 1.27 billion, while its total debt was $0.97 million. Equity owned by shareholders amounts to $76.89 million.
Technical Picture
Here’s a quick look at Celsius Holdings Inc.’s (CELH) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 68.39%, suggesting the stock is Neutral, with a 40.30% historical volatility rate.
The stochastic %K and %D were 89.28% and 88.41% respectively, while the average true range (ATR) was 7.48. Based on the 14-day stochastic reading of 93.18%, the RSI (14) reading is 67.65%. On the 9-day MACD Oscillator, the stock is at 2.04, and the 14-day reading is at 5.09.
Analyst Ratings
In a note to investors, Wedbush maintained its an Outperform rating on Celsius Holdings Inc. (NASDAQ: CELH). However, the firm raised their price target to $180, indicating a possible decrease of -17.41% in the stock price. Analysts have assigned Celsius Holdings Inc. (CELH) an Buy rating. CELH is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 9 others recommend it as a buy.
What is CELH’s price target for the next 12 months?
The current consensus forecast for the stock is between $175.00 and $209.00, with a median target price of $185.00. In analyzing these forecasts, the average price target given by analysts for Celsius Holdings Inc. (CELH) is $187.78.
