The Vanguard Group, Inc. has recently announced that it has increased stake in Celsius Holdings Inc (NASDAQ:CELH) by 18.78%. After grabbing 14.31 million shares, the institutional investor is now in possession of 2.26 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 6.18% having worth around $708.71 million. Moreover, BlackRock Fund Advisors increased its share by 1.15 million to have a control over 12.08 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.36 million shares by acquiring 4.12 million shares or 1.78% of the stake.
Celsius Holdings Inc (CELH) concluded trading on December 20, 2023 at a closing price of $49.09, with 4.58 million shares of worth about $225.03 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.41% during that period and On Wednesday the price saw a loss of about -3.73%. Currently the company’s common shares owned by public are about 229.15M shares, out of which, 144.95M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 73 times over the past 12 months. They bought 17,853,449 shares in 35 of the transactions. In 38 selling transactions, insiders dumped 9,850,166 shares.
Fidelity Blue Chip Growth Fund, Vanguard Total Stock Market ETF, and iShares Core S&P Mid Cap ETF are the top 3 mutual funds which are holding stakes in Celsius Holdings Inc Fidelity Blue Chip Growth Fund is currently holding 8.63 million shares of worth totaling $427.05 million. The company recently came buying 0.16 million shares which brought its stake up to 3.72% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 8034.0 shares, after which its hold over company’s outstanding shares expand to 2.02%, leaving 4.69 million shares with the mutual fund that have a worth of about $232.12 million. iShares Core S&P Mid Cap ETF, after buying 4.58 million shares, have now control over 1.98% of the stake in the company. It holds 813.0 shares of worth $226.88 million.
However, the stock later moved at a day high price of 50.80, or with a loss of -3.73%. Stock saw a price change of -5.40% in past 5 days and over the past one month there was a price change of -9.39%. Year-to-date (YTD), CELH shares are showing a performance of 41.55% which increased to 39.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.75 but also hit the highest price of $68.95 during that period. The average intraday trading volume for Celsius Holdings Inc shares is 4.91 million. The stock is currently trading -4.43% below its 20-day simple moving average (SMA20), while that difference is down -8.25% for SMA50 and it goes to 2.73% higher than SMA200.
The Vanguard Group, Inc. acquired 14.31 million shares of Celsius Holdings Inc having value of about $708.71 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 2.26 million shares in the company valued at close to $111110158.73, or have control over 18.78% stake in the company. Celsius Holdings Inc (NASDAQ: CELH) currently have 229.15M outstanding shares and institutions hold larger chunk of about 61.14% of that. Holding of mutual funds in the company is about 25.32% while other institutional holders and individual stake holders have control over 35.89% and 23.13% of the stake respectively.
The stock has a current market capitalization of $11.37B and its 3Y-monthly beta is at 1.70. PE ratio of stock for trailing 12 months is 99.70, while it has posted earnings per share of $0.49 in the same period. It has Quick Ratio of 2.99 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CELH, volatility over the week remained 4.62% while standing at 4.34% over the month.
Analysts are in expectations that Celsius Holdings Inc (CELH) stock would likely to be making an EPS of $Creative Medical Technology Hol in the current quarter, while forecast for next quarter EPS is $4.66 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Clean Harbors, Inc. which is $Celularity Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Celcuity Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 187.86% while it is estimated to increase by 23.90% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on November 13, 2023 offering a Buy rating for the stock and assigned a target price of $217 to it.
