Stocks of Celsius Holdings Inc (NASDAQ:CELH) traded higher last session on Wall Street, down -1.91% to $50.90.
CELH stock price is now -5.09% away from the 50-day moving average and 7.41% away from the 200-day moving average. The market capitalization of the company currently stands at $11.79B.
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With the price target of $217, Jefferies recently initiated with Buy rating for Celsius Holdings Inc (NASDAQ: CELH).
In other news, Kravitz Hal, Director sold 172,000 shares of the company’s stock on Dec 06. The stock was sold for $8,882,080 at an average price of $51.64. Upon completion of the transaction, the Director now directly owns 216,206 shares in the company, valued at $11.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06, Chief Executive Officer Fieldly John sold 13,842 shares of the business’s stock. A total of $720,476 was realized by selling the stock at an average price of $52.05. This leaves the insider owning 508,260 shares of the company worth $25.87 million. Insiders disposed of 9,850,166 shares of company stock worth roughly $501.37 million over the past 1 year. A total of 37.43% of the company’s stock is owned by insiders.
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 $53.63 and a two-hundred day moving average price translates $47.39 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.
Celsius Holdings Inc(CELH) Company Profile
Celsius Holdings, Inc. develops, processes, markets, distributes, and sells functional drinks and liquid supplements in the United States and internationally. The company offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack’d, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name. It also provides CELSIUS On-the-Go, a powdered form of the active ingredients in functional energy drinks in individual On-The-Go packets and canisters; and sparkling grapefruit, cucumber lime, and orange pomegranate, as well as pineapple coconut, watermelon berry, and strawberries and cream non-carbonated functional energy drinks under the CELSIUS Sweetened name; and CELSIUS ready-to drink products. It distributes its products through direct-to-store delivery distributors and direct to retailers, include supermarkets, convenience stores, drug stores, nutritional stores, and mass merchants, as well as health clubs, spas, gyms, the military, and e-commerce websites. The company was formerly known as Vector Ventures, Inc. and changed its name to Celsius Holdings, Inc. in January 2007. Celsius Holdings, Inc. was founded in 2004 and is headquartered in Boca Raton, Florida.
