The price of Celsius Holdings Inc (NASDAQ:CELH) shares last traded on Wall Street fell -1.76% to $76.95.
CELH stock price is now -4.64% away from the 50-day moving average and 23.89% away from the 200-day moving average. The market capitalization of the company currently stands at $17.93B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $100 to $110, Maxim Group maintained Buy rating for Celsius Holdings Inc (NASDAQ: CELH). On March 04, 2024, Wedbush reiterated its ‘Outperform’ rating on the stock by increasing its target price from $75 to quote $90, while ‘Maxim Group’ rates the stock as ‘Buy’
In other news, Milmoe William H., 10% Owner sold 428,574 shares of the company’s stock on May 07 ’24. The stock was sold for $25,571,596 at an average price of $59.67. Upon completion of the transaction, the 10% Owner now directly owns 23,321,589 shares in the company, valued at $1.79 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On May 06 ’24, 10% Owner Milmoe William H. sold 428,574 shares of the business’s stock. A total of $25,571,596 was realized by selling the stock at an average price of $59.67. This leaves the insider owning 23,750,163 shares of the company worth $1.83 billion. A total of 33.64% of the company’s stock is owned by insiders.
During the past 12 months, Celsius Holdings Inc has had a low of $34.34 and a high of $99.62. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.30, and a quick ratio of 3.48.
According to the Beverages – Non-Alcoholic Company, earnings per share came in at 0.13, beating analysts’ expectations of 0.07 by 0.06. This compares to -$0.09 EPS in the same period last year. The net profit margin was 14.03% and return on equity was 23.22% for CELH. The company reported revenue of $347.44 million for the quarter, compared to $177.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 95.23 percent. For the current quarter, analysts expect CELH to generate $389.86M in revenue.
