Celsius Holdings Inc (NASDAQ:CELH) shares traded -2.91% lower at $40.35 on Wall Street last session.
CELH stock price is now -22.29% away from the 50-day moving average and -36.87% away from the 200-day moving average. The market capitalization of the company currently stands at $9.40B.
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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, DeSantis Dean, 10% Owner sold 53,880 shares of the company’s stock on May 16 ’24. The stock was sold for $5,000,603 at an average price of $92.81. Upon completion of the transaction, the 10% Owner now directly owns 165,377 shares in the company, valued at $6.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17 ’24, 10% Owner Milmoe William H. sold 40,000 shares of the business’s stock. A total of $3,718,000 was realized by selling the stock at an average price of $92.95. This leaves the insider owning 226,245 shares of the company worth $9.13 million. A total of 28.68% 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 $9327337472, which is based on a 39.54 price-to-earnings ratio, a 1.64 price-to-earnings-growth ratio, and a beta of 1.85. The fifty day moving average price for CELH is $51.2698 and a two-hundred day moving average price translates $63.85858 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.
