In yesterday’s Wall Street session, Celsius Holdings Inc (NASDAQ:CELH) shares traded at $76.65, down -2.84% from the previous session.
CELH stock price is now 6.79% away from the 50-day moving average and 30.06% away from the 200-day moving average. The market capitalization of the company currently stands at $17.84B.
With the price target enhanced from $100 to $110, Maxim Group maintained Buy rating for Celsius Holdings Inc (NASDAQ: CELH). On March 04, 2024, Wedbush reiterated its ‘Outperform’ rating on the stock by increasing its target price from $75 to quote $90, while ‘Maxim Group’ rates the stock as ‘Buy’
In other news, DeSantis Dean, 10% Owner sold 100,000 shares of the company’s stock on Mar 13 ’24. The stock was sold for $9,575,350 at an average price of $95.75. Upon completion of the transaction, the 10% Owner now directly owns 219,257 shares in the company, valued at $16.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, Director Levy Caroline S sold 20,000 shares of the business’s stock. A total of $1,895,400 was realized by selling the stock at an average price of $94.77. This leaves the insider owning 37,891 shares of the company worth $2.9 million. A total of 31.58% of the company’s stock is owned by insiders.
During the past 12 months, Celsius Holdings Inc has had a low of $28.08 and a high of $99.62. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.30, and a quick ratio of 3.48. The fifty day moving average price for CELH is $73.08 and a two-hundred day moving average price translates $59.53 for the stock.
The latest earnings results from Celsius Holdings Inc (NASDAQ: CELH) was released for Dec, 2023. According to the Beverages – Non-Alcoholic Company, earnings per share came in at $0.17, beating analysts’ expectations of $0.15 by 0.02. This compares to -$0.09 EPS in the same period last year. The net profit margin was 14.03% and return on equity was 23.22% for CELH. The company reported revenue of $347.44 million for the quarter, compared to $177.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 95.23 percent. For the current quarter, analysts expect CELH to generate $392.21M in revenue.
Celsius Holdings Inc(CELH) Company Profile
Celsius Holdings, Inc. develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products. It distributes its products through direct-to-store delivery, distributors, supermarkets, convenience stores, drug stores, nutritional stores, and mass merchants, as well as health clubs, 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.
