Do You Still Have A Reason To Buy Celsius Holdings Inc (NASDAQ: CELH) After A -8.73% Drop In The Last Week?

During the recent session, Celsius Holdings Inc (NASDAQ:CELH)’s traded shares were 2.04 million, with the beta value of the company hitting 1.90. At the last check today, the stock’s price was $38.98, reflecting an intraday loss of -1.54% or -$0.61. The 52-week high for the CELH share is $99.62, that puts it down -155.57 from that peak though still a striking 7.21% gain since the share price plummeted to a 52-week low of $36.17. The company’s market capitalization is $9.09B, and the average intraday trading volume over the past 10 days was 6.95 million shares, and the average trade volume was 5.87 million shares over the past three months.

Celsius Holdings Inc (CELH) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.80. CELH has a Sell rating from 0 analyst(s) out of 17 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 13 recommend a Buy rating for it.

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Celsius Holdings Inc (NASDAQ:CELH) trade information

Celsius Holdings Inc (CELH) registered a -1.54% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.54% in intraday trading to $38.98, hitting a weekly high. The stock’s 5-day price performance is -8.73%, and it has moved by -33.39% in 30 days. Based on these gigs, the overall price performance for the year is -32.28%. The short interest in Celsius Holdings Inc (NASDAQ:CELH) is 20.84 million shares and it means that shorts have 3.51 day(s) to cover.

The consensus price target of analysts on Wall Street is $68, which implies an increase of 42.68% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $32 and $123 respectively. As a result, CELH is trading at a discount of -215.55% off the target high and 17.91% off the low.

Celsius Holdings Inc (CELH) estimates and forecasts

Statistics show that Celsius Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. Celsius Holdings Inc (CELH) shares have gone down -33.61% during the last six months, with a year-to-date growth rate more than the industry average at 33.77% against 11.20.

While earnings are projected to return 31.26% in 2024, the next five years will return 31.00% per annum.

Celsius Holdings Inc (NASDAQ:CELH)’s Major holders

Celsius Holdings Inc insiders own 40.67% of total outstanding shares while institutional holders control 65.28%, with the float percentage being 110.04%. VANGUARD GROUP INC is the largest shareholder of the company, while 799.0 institutions own stock in it. As of 2024-03-31, the company held over 16.31 million shares (or 7.0382% of all shares), a total value of $1.35 billion in shares.

The next largest institutional holding, with 16.16 million shares, is of JPMORGAN CHASE & CO’s that is approximately 6.9732% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $1.34 billion.