Taking the lead: Celsius Holdings Inc. (CELH)

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.

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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.

Institutional Ownership:

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.

Analysts Ratings:

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.

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