Celsius Holdings Inc (NASDAQ: CELH) Loses -70.82% From High. Why That Could Change?

Currently, there are 234.98M common shares owned by the public and among those 166.77M shares have been available to trade.

The company’s stock has a 5-day price change of -2.29% and -10.25% over the past three months. CELH shares are trading -46.68% year to date (YTD), with the 12-month market performance down to -44.09% lower. It has a 12-month low price of $25.23 and touched a high of $99.62 over the same period. CELH has an average intraday trading volume of 8.53 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.78%, -3.98%, and -47.71% respectively.

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Institutional ownership of Celsius Holdings Inc (NASDAQ: CELH) shares accounts for 63.95% of the company’s 234.98M shares outstanding.

It has a market capitalization of $6.83B and a beta (3y monthly) value of 1.76. The stock’s trailing 12-month PE ratio is 40.34, while the earnings-per-share (ttm) stands at $0.72. The company has a PEG of 3.20 and a Quick Ratio of 3.98 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.19% over the week and 5.33% over the month.

Analysts forecast that Celsius Holdings Inc (CELH) will achieve an EPS of 0.11 for the current quarter, 0.26 for the next quarter and 0.97 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.03 while analysts give the company a high EPS estimate of 0.03. Comparatively, EPS for the current quarter was 0.15 a year ago. Earnings per share for the fiscal year are expected to decrease by -12.03%, and 36.94% over the next financial year.

Looking at the support for the CELH, a number of firms have released research notes about the stock. Truist stated their Hold rating for the stock in a research note on October 16, 2024, with the firm’s price target at $30-$35. Jefferies coverage for the Celsius Holdings Inc (CELH) stock in a research note released on October 10, 2024 offered a Buy rating with a price target of $48. ROTH MKM was of a view on September 05, 2024 that the stock is Buy, while BofA Securities gave the stock Underperform rating on August 08, 2024, issuing a price target of $60- $32. Maxim Group on their part issued Buy rating on August 07, 2024.

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