In yesterday’s Wall Street session, Celsius Holdings Inc (NASDAQ:CELH) shares traded at $50.60, down -3.16% from the previous session.
As of this writing, 16 analysts cover Celsius Holdings Inc (NASDAQ:CELH). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $83.33 and a low of $61.69, we find $70.00. Given the previous closing price of $52.25, this indicates a potential upside of 33.97 percent. CELH stock price is now -8.23% away from the 50-day moving average and 9.32% away from the 200-day moving average. The market capitalization of the company currently stands at $11.72B.
There are 2 analysts who have given it a hold rating, whereas 12 have given it a buy rating. Brokers who have rated the stock have averaged $70.82 as their price target over the next twelve months.
With the price target of $217, Jefferies recently initiated with Buy rating for Celsius Holdings Inc (NASDAQ: CELH).
In other news, Guilfoyle Tony, EVP – Domestic Sales sold 10,190 shares of the company’s stock on Nov 20. The stock was sold for $541,497 at an average price of $53.14. Upon completion of the transaction, the EVP – Domestic Sales now directly owns 234,340 shares in the company, valued at $11.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23, Director Castaldo Nicholas sold 55,000 shares of the business’s stock. A total of $9,986,900 was realized by selling the stock at an average price of $181.58. This leaves the insider owning 110,491 shares of the company worth $5.59 million. Insiders disposed of 9,921,166 shares of company stock worth roughly $502.01 million over the past 1 year. A total of 37.76% of the company’s stock is owned by insiders.
Wednesday morning saw Celsius Holdings Inc (NASDAQ: CELH) opened at $52.51. During the past 12 months, Celsius Holdings Inc has had a low of $26.75 and a high of $68.95. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.58, and a quick ratio of 2.99. The fifty day moving average price for CELH is $54.83 and a two-hundred day moving average price translates $46.38 for the stock.
The latest earnings results from Celsius Holdings Inc (NASDAQ: CELH) was released for Sep, 2023. According to the Beverages – Non-Alcoholic Company, earnings per share came in at $0.3, beating analysts’ expectations of $0.16 by 0.14. This compares to -$0.80 EPS in the same period last year. The net profit margin was 10.25% and return on equity was 16.18% for CELH. The company reported revenue of $384.76 million for the quarter, compared to $188.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 104.4 percent. For the current quarter, analysts expect CELH to generate $332.34M in revenue.
