The stock of Celsius Holdings, Inc. (NASDAQ:CELH) is now priced at $19.42 and the shares are -1.12 points down or -5.45% lower compared to its previous closing price of $20.54. The stock had 1.196 million contracts set over the past session. CELH shares’ daily volume is compared to its average trading volume at 893643 shares. However, it has a float of 25.89 million and although its performance was -8.4% over the week, it’s one to watch. Analysts have given the CELH stock a yearly average price target of $25.38 per share. It means the stock’s upside potential is 30.69% with the CELH share price recently placing at $18.26 to $20.38. However, some brokerage firms have priced the stock below the average, including one that has called $23.5.
The shorts are climbing into the Celsius Holdings, Inc. stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the CELH shares have risen. Short interest in the stock represents just 12.24% of its float, but the volume has raised by 372088. The volume of shorted shares rised to 3.17 million from 2.798 million shares over the last two weeks. The average intraday trading volume has been 1.542 million shares, which means that days to cover moved to roughly 2.055411.
In the last trading session, Celsius Holdings, Inc. (NASDAQ:CELH) dropped by -$1.78 over the week and gained $5.02 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $26.76. The stock recorded its established 52-week high on 08/19/20.
Since 10/03/19, the stock has traded to a low of $3.06 at 534.64%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.6. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Celsius Holdings, Inc.’s two-week RSI is 51.26. This suggests that the stock is neutral at the moment and that CELH shares’ price movement remains stable. The stochastic readings are equally revealing at 24.24% meaning the CELH share price is currently in overbought territory.
The technical chart shows that the CELH stock will likely settle at between $20.45 and $21.47 per share. However, if the stock dips below $18.33, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $17.23.
Currently, the stock is trading in the red of MACD, with a reading of -1.35. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Maxim Group assigned CELH a rating of Buy in their intiating review released on April 30. Maxim Group analysts see the stock as a Buy with a target price of $8 in a flash note released to investors on February 01 initiating covering the stock. B. Riley & Co. analysts see the stock as Buy when the analysts initiated the share price coverage on August 16, placing it at $7.
The average rating for the CELH equity is 1.75 and is currently gathering a bullish momentum. Of 4 analysts tracking Celsius Holdings, Inc. polled by Reuters, 0 rated CELH as a hold. The remaining 4 analysts were split evenly. However, the split wasn’t equal as a majority (4) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the CELH stock price is 109.1X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 1942 above the group’s average of 27. Celsius Holdings, Inc. has its P/E ratio at 19.7, which means that the stock is currently trading at a premium relative to the 7.2 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Celsius Holdings, Inc. (NASDAQ:CELH) will decrease by about -99.89%, which will see them reach $33 million. The company’s full-year revenues are, however, expected to increase by about 66.6%, up from $75.15 million to $125 million. CELH’s expected adjusted earnings should drop almost -33.33% to end up at $0.02 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -50% to record $0.08/share.