Looking Into What Made Celsius Holdings, Inc. (CELH) Sink More Than -10.59 Percent Today

An interesting stock that came up in some of our conversations today is Celsius Holdings, Inc. (NASDAQ:CELH). At current price of $3.73, the shares have already lost -0.44 points (-10.59% lower) from its previous close of $4.17. Should you buy or avoid them? The stock sets an active trading volume day with a reported 372096 contracts so far this session. CELH shares had a relatively better volume day versus average trading capacity of 96.55 million shares, but with a 18.64 million float and a 13.93% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CELH stock indicates that the average analyst price target is $8.83 per share. This means the stock has a potential increase of 136.73% from where the CELH share price has been trading recently which is between $3.79 and $4.21.

The shorts are climbing into Celsius Holdings, Inc. (CELH) stock. The latest set of short interest data was released on 15 August 2019, and the numbers show a rise in short interest in CELH shares. While short interest still represents only 13.5% of CELH’s float, the number of shares shorted have risen by 261106. The number of shares shorted advanced to 2516712 shares, up from 2255606 shares during the preceding fortnight. With average daily trading volumes at 108927 shares, days to cover increased to about 16.6377 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Celsius to Acquire Nordic Wellness Company Func Food Group Oyj” and dated September 11, 2019.

During the recent trading session for Celsius Holdings, Inc. (NASDAQ:CELH), the company witnessed their stock drop by $-0.25 over a week and tumble down $-0.5 from the price 20 days ago. When compared to their established 52-week high of $5.37, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 07/25/19. The recent low of $3.09 stood for a -30.61% since 12/24/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.92 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Celsius Holdings, Inc., the two-week RSI stands at 43.31. This figure suggests that CELH stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current CELH readings is similarly very revealing as it has a stochastic reading of 40.42% at this stage. This figure means that CELH share price today is being neutral.

Technical chart claims that Celsius Holdings, Inc. (CELH) would settle between $4.32/share to $4.48/share level. However, if the stock price goes below the $3.9 mark, then the market for Celsius Holdings, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $3.64 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.04. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at Maxim Group, assumed coverage of CELH assigning Buy rating, according to their opinion released on February 01. B. Riley & Co., analysts launched coverage of Celsius Holdings, Inc. (NASDAQ:CELH) stock with a Buy recommendation, according to their flash note issued to investors on August 16.

CELH equity has an average rating of 1, with the figure leaning towards a bullish end. 2 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 2 analysts rated Celsius Holdings, Inc. (NASDAQ:CELH) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, CELH stock price is currently trading at 59.57X forward 12-month Consensus EPS estimates, and its P/E ratio is NA while for the average stock in the same group, the multiple is 27.1. Celsius Holdings, Inc. current P/B ratio of 9.65 means it is trading at a premium against its industry’s 2.64.

Celsius Holdings, Inc. (CELH)’s current-quarter revenues are projected to climb by nearly 10.38% to hit $18.29 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 24.12% from $52.6 million to a noteworthy $65.29 million. At the other end of the current quarter income statement, Celsius Holdings, Inc. is expected to see its adjusted earnings surge by roughly 100% to hit $0 per share. For the fiscal year, CELH’s earnings are projected to climb by roughly 173.91% to hit $0.17 per share.