Celsius Holdings Inc. (NASDAQ: CELH) stock jumped 1.76% on Friday to $105.43 against a previous-day closing price of $103.61. With 1.49 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.2 million shares. During the session, the Beverages – Non-Alcoholic company that operates in wider Consumer Defensive sector, reached to the highest price of $106.88 whereas the lowest price it dropped to was $102.45. The 52-week range on CELH shows that it touched its highest point at $110.22 and its lowest point at $38.31 during that stretch. It currently has a 1-year price target of $85.25. Beta for the stock currently stands at 1.95.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CELH was up-trending over the past week, with a rise of 25.53%, but this was up by 40.50% over a month. Three-month performance surged to 94.95% while six-month performance rose 110.15%. The stock gained 46.74% in the past year, while it has gained 41.38% so far this year. A look at the trailing 12-month EPS for CELH yields 0.13 with Next year EPS estimates of 0.99. For the next quarter, that number is 0.08. This implies an EPS growth rate of -55.70% for this year and 120.98% for next year. EPS is expected to grow by 59.36% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 20.80%.
Float and Shares Shorts:
At present, 75.24 million CELH shares are outstanding with a float of 42.91 million shares on hand for trading. On Jul 14, 2022, short shares totaled 6.6 million, which was 8.76% higher than short shares on Jun 14, 2022. In addition to Mr. John Fieldly as the firm’s Pres, CEO & Chairman, Mr. Edwin F. Negron-Carballo serves as its Exec. Officer.
Through their ownership of 52.72% of CELH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 68.43% of CELH, in contrast to 36.14% held by mutual funds. Shares owned by individuals account for 16.04%. As the largest shareholder in CELH with 8.01% of the stake, BlackRock Fund Advisors holds 6,032,568 shares worth 6,032,568. A second-largest stockholder of CELH, Fidelity Management & Research Co, holds 4,743,631 shares, controlling over 6.29% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in CELH, holding 4,113,261 shares or 5.46% stake. With a 4.87% stake in CELH, the Fidelity Blue Chip Growth Fund is the largest stakeholder. A total of 3,670,283 shares are owned by the mutual fund manager. The iShares Core S&P Small Cap ETF, which owns about 3.60% of CELH stock, is the second-largest Mutual Fund holder. It holds 2,710,519 shares valued at 176.89 million. Vanguard Total Stock Market Index holds 1.62% of the stake in CELH, owning 1,220,408 shares worth 79.64 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CELH since 8 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CELH analysts setting a high price target of $120.00 and a low target of $55.00, the average target price over the next 12 months is $89.50. Based on these targets, CELH could surge 13.82% to reach the target high and fall by -47.83% to reach the target low. Reaching the average price target will result in a decline of -15.11% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CELH will report FY 2022 earnings on 03/09/2023. Analysts have provided yearly estimates in a range of $0.76 being high and $0.28 being low. For CELH, this leads to a yearly average estimate of $0.45. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Celsius Holdings Inc. surprised analysts by $0.06 when it reported $0.09 EPS against a consensus estimate of $0.03. The surprise factor in the prior quarter was $0.11. Based on analyst estimates, the high estimate for the next quarter is $0.14 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.08.
Summary of Insider Activity:
Insiders traded CELH stock several times over the past three months with 1 Buys and 2 Sells. In these transactions, 90,000 shares were bought while 55,000 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 459,633 while 455,617 shares were sold.