Celsius Holdings Inc. (NASDAQ: CELH) stock jumped 0.70% on Monday to $198.92 against a previous-day closing price of $197.53. With 0.86 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.29 million shares. During the session, the Beverages – Non-Alcoholic company that operates in wider Consumer Defensive sector, reached to the highest price of $201.55 whereas the lowest price it dropped to was $197.00. The 52-week range on CELH shows that it touched its highest point at $206.85 and its lowest point at $78.25 during that stretch. It currently has a 1-year price target of $206.36. Beta for the stock currently stands at 1.77.
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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 down-trending over the past week, with a drop of -0.26%, but this was up by 17.46% over a month. Three-month performance surged to 37.72% while six-month performance rose 137.43%. The stock gained 95.79% in the past year, while it has gained 91.20% so far this year. A look at the trailing 12-month EPS for CELH yields -1.92 with Next year EPS estimates of 2.61. For the next quarter, that number is 0.47. This implies an EPS growth rate of 168.80% for this year and 44.14% for next year.
Float and Shares Shorts:
At present, 76.84 million CELH shares are outstanding with a float of 45.27 million shares on hand for trading. On Aug 30, 2023, short shares totaled 10.67 million, which was 13.88% higher than short shares on Jul 30, 2023. In addition to Mr. John Fieldly as the firm’s Pres, CEO & Chairman, Mr. Jarrod Langhans serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 59.63% of CELH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 74.58% of CELH, in contrast to 34.95% held by mutual funds. Shares owned by individuals account for 25.90%. As the largest shareholder in CELH with 9.40% of the stake, Fidelity Management & Research Co holds 7,228,515 shares worth 7,228,515. A second-largest stockholder of CELH, The Vanguard Group, Inc., holds 4,017,021 shares, controlling over 5.22% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in CELH, holding 3,642,917 shares or 4.74% stake. With a 4.28% stake in CELH, the Fidelity Blue Chip Growth Fund is the largest stakeholder. A total of 3,287,212 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.72% of CELH stock, is the second-largest Mutual Fund holder. It holds 1,320,159 shares valued at 258.8 million. iShares Core S&P Mid Cap ETF holds 1.71% of the stake in CELH, owning 1,313,815 shares worth 257.56 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, CELH reported revenue of $154.02M and operating income of $12.43M. The EBITDA in the recently reported quarter was $12.93M and diluted EPS was $0.12.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CELH since 0 analysts follow the stock currently. 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 $250.00 and a low target of $175.00, the average target price over the next 12 months is $205.50. Based on these targets, CELH could surge 25.68% to reach the target high and fall by -12.02% to reach the target low. Reaching the average price target will result in a growth of 3.31% 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.
Summary of Insider Activity:
Insiders traded CELH stock several times over the past three months with 2 Buys and 16 Sells. In these transactions, 74,941 shares were bought while 558,187 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 33 over the past year. The total number of shares bought during that period was 11,121,621 while 10,204,200 shares were sold.
