Celsius Holdings Inc (NASDAQ: CELH) stock fell -0.14% on Friday to $49.97 against a previous-day closing price of $50.04. With 3.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.48 million shares. During the session, the Beverages – Non-Alcoholic company that operates in wider Consumer Defensive sector, reached to the highest price of $50.90 whereas the lowest price it dropped to was $49.53. The 52-week range on CELH shows that it touched its highest point at $68.95 and its lowest point at $26.75 during that stretch. It currently has a 1-year price target of $71.05. Beta for the stock currently stands at 1.77.
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 -13.10%, but this was down by -12.81% over a month. Three-month performance dropped to -15.55% while six-month performance rose 13.85%. The stock gained 48.91% in the past year, while it has gained 44.09% so far this year. A look at the trailing 12-month EPS for CELH yields 0.49 with Next year EPS estimates of 0.95. For the next quarter, that number is 0.15. This implies an EPS growth rate of 186.55% for this year and 25.09% for next year.
Float and Shares Shorts:
At present, 229.15 million CELH shares are outstanding with a float of 138.49 million shares on hand for trading. On Oct 30, 2023, short shares totaled 33.02 million, which was 14.25% higher than short shares on Sep 28, 2023. In addition to Mr. John Fieldly as the firm’s President, 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 69.04% of CELH, in contrast to 36.63% held by mutual funds. Shares owned by individuals account for 24.40%. As the largest shareholder in CELH with 8.19% of the stake, Fidelity Management & Research Co holds 6,293,726 shares worth 6,293,726. A second-largest stockholder of CELH, The Vanguard Group, Inc., holds 4,771,486 shares, controlling over 6.21% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in CELH, holding 4,026,391 shares or 5.24% stake. With a 3.67% stake in CELH, the Fidelity Blue Chip Growth Fund is the largest stakeholder. A total of 2,821,912 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.03% of CELH stock, is the second-largest Mutual Fund holder. It holds 1,562,798 shares valued at 237.69 million. iShares Core S&P Mid Cap ETF holds 1.98% of the stake in CELH, owning 1,519,708 shares worth 231.13 million.
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 $83.33 and a low target of $61.69, the average target price over the next 12 months is $71.05. Based on these targets, CELH could surge 66.76% to reach the target high and rise by 23.45% to reach the target low. Reaching the average price target will result in a growth of 42.19% from current levels.
Summary of Insider Activity:
Insiders traded CELH stock several times over the past three months with 6 Buys and 16 Sells. In these transactions, 7,384,941 shares were bought while 424,653 shares were sold. The number of buy transactions has increased to 35 while that of sell transactions has risen to 38 over the past year. The total number of shares bought during that period was 18,450,099 while 10,319,166 shares were sold.
