Stocks of Celsius Holdings Inc (NASDAQ:CELH) traded higher last session on Wall Street, down -0.04% to $72.00.
CELH stock price is now -8.50% away from the 50-day moving average and 18.00% away from the 200-day moving average. The market capitalization of the company currently stands at $16.76B.
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, Langhans Jarrod, Chief Financial Officer sold 4,079 shares of the company’s stock on Apr 19 ’24. The stock was sold for $283,164 at an average price of $69.42. Upon completion of the transaction, the Chief Financial Officer now directly owns 83,670 shares in the company, valued at $6.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, 10% Owner DeSantis Dean sold 100,000 shares of the business’s stock. A total of $9,575,350 was realized by selling the stock at an average price of $95.75. This leaves the insider owning 219,257 shares of the company worth $15.79 million. A total of 31.43% of the company’s stock is owned by insiders.
During the past 12 months, Celsius Holdings Inc has had a low of $29.91 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.
According to the Beverages – Non-Alcoholic Company, earnings per share came in at 0.13, beating analysts’ expectations of 0.07 by 0.06. 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 $390.97M in revenue.
