Stocks of Celsius Holdings Inc (NASDAQ:CELH) traded higher last session on Wall Street, down -3.81% to $38.08.
CELH stock price is now -33.23% away from the 50-day moving average and -40.89% away from the 200-day moving average. The market capitalization of the company currently stands at $8.88B.
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With the price target reduced from $60 to $32, BofA Securities Downgraded its rating from Neutral to Underperform for Celsius Holdings Inc (NASDAQ: CELH). On August 07, 2024, Maxim Group reiterated its ‘Buy’ rating on the stock by increasing its target price from $90 to quote $65, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Milmoe William H., 10% Owner sold 40,000 shares of the company’s stock on May 17 ’24. The stock was sold for $3,718,000 at an average price of $92.95. Upon completion of the transaction, the 10% Owner now directly owns 226,245 shares in the company, valued at $8.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16 ’24, 10% Owner DeSantis Dean sold 53,880 shares of the business’s stock. A total of $5,000,603 was realized by selling the stock at an average price of $92.81. This leaves the insider owning 165,377 shares of the company worth $6.3 million. A total of 28.64% of the company’s stock is owned by insiders.
During the past 12 months, Celsius Holdings Inc has had a low of $36.17 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 4.38, and a quick ratio of 3.80. According to the stock market information, the enterprise value for the company is $8798273536, which is based on a 37.32 price-to-earnings ratio, a 1.55 price-to-earnings-growth ratio, and a beta of 1.90. The fifty day moving average price for CELH is $56.1964 and a two-hundred day moving average price translates $64.33517 for the stock.
The latest earnings results from Celsius Holdings Inc (NASDAQ: CELH) was released for 2024-06-30. The net profit margin was 16.18% and return on equity was 26.57% for CELH. The company reported revenue of $401.98 million for the quarter, compared to $325.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.35 percent.
