In the latest trading session, 2.57 million Celsius Holdings Inc (NASDAQ:CELH) shares changed hands as the company’s beta touched 1.83. With the company’s most recent per share price at $32.36 changed hands at -$1.49 or -4.39% at last look, the market valuation stands at $7.54B. CELH’s current price is a discount, trading about -207.85% off its 52-week high of $99.62. The share price had its 52-week low at $28.20, which suggests the last value was 12.86% up since then. When we look at Celsius Holdings Inc’s average trading volume, we note the 10-day average is 13.85 million shares, with the 3-month average coming to 7.34 million.
Analysts gave the Celsius Holdings Inc (CELH) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.63. If we narrow down to specifics, the data shows that 0 out of 17 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended CELH as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight. Celsius Holdings Inc’s EPS for the current quarter is expected to be 0.03.
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Celsius Holdings Inc (NASDAQ:CELH) trade information
Instantly CELH was in red as seen in intraday trades today. With action -7.06%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -40.64%, with the 5-day performance at -7.06% in the red. However, in the 30-day time frame, Celsius Holdings Inc (NASDAQ:CELH) is -2.43% down. Looking at the short shares, we see there were 21.17 million shares sold at short interest cover period of 3.21 days.
The consensus price target for the stock as assigned by Wall Street analysts is 55, meaning bulls need an upside of 41.16% from its recent market value. According to analyst projections, CELH’s forecast low is 30 with 123 as the target high. To hit the forecast high, the stock’s price needs a -280.1% plunge from its current level, while the stock would need to tank 7.29% for it to hit the projected low.
Celsius Holdings Inc (CELH) estimates and forecasts
Data shows that the Celsius Holdings Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -53.63% over the past 6 months, a 5.19% in annual growth rate that is considerably lower than the industry average of 9.90%. Year-over-year growth is forecast to reach 6.10% up from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 271.83M. 13 analysts are of the opinion that Celsius Holdings Inc’s revenue for the current quarter will be 349.63M. The company’s revenue for the corresponding quarters a year ago was 384.76M and 347.44M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -29.40%. The estimates for the next quarter sales put growth at 0.60%.
The 2024 estimates are for Celsius Holdings Inc earnings to increase by 0.08%, but the outlook for the next 5-year period is at 16.30% per year.
CELH Dividends
Celsius Holdings Inc is expected to release its next quarterly earnings report on 2024-Nov-05.
Celsius Holdings Inc (NASDAQ:CELH)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 36.40% of Celsius Holdings Inc shares while 71.74% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 112.80%. There are 71.74% institutions holding the Celsius Holdings Inc stock share, with JPMORGAN CHASE & CO the top institutional holder. As of 2024-06-30, the company held 8.3062% of the shares, roughly 19.34 million CELH shares worth $1.1 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 6.7014% or 15.6 million shares worth $890.57 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were JP Morgan Large Cap Growth Fund and Vanguard Total Stock Market Index Fund. With 11.61 shares estimated at $373.81 million under it, the former controlled 20.29% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 9.03% of the shares, roughly 5.16 shares worth around $166.29 million.
