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What Caused Celsius Holdings Inc. (NASDAQ: CELH) To Fall?

Celsius Holdings Inc. (NASDAQ:CELH) traded at $93.17 at close of the session on Tuesday, 11/22/22, made a downward move of -3.04% on its previous day’s price.

Looking at the stock we see that its previous close was $96.09 and the beta (5Y monthly) reads 1.92 with the day’s price range being $87.38 – $96.405. In terms of its 52-week price range, CELH has a high of $118.19 and a low of $38.31. The company’s stock has gained about 10.64% over that past 30 days.

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Celsius Holdings Inc. has a market cap of $7.30 billion and is expected to release its quarterly earnings report on Nov 09, 2022 – Nov 14, 2022. Estimates by analysts give the company expected earnings per share (EPS) of $0.1, with the EPS growth for the year raised at $0.43 for 2022 and $1.3 for next year. These figures represent 760.00% and 202.30% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $161.91 million, with a low of $132.15 million and a high of $181.71 million. The median projection represents growth squeezing down to 70.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $617.43 million, or 96.50% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CELH stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note the current price level is 2.56% off its SMA20 and 2.03% from its 50-day simple moving average. The RSI (14) is pointing at 51.71 while the volatility over the past week is 7.06% and jumps to 7.47% over the past one month. The beta value is 1.85, while the average true range (ATR) is currently pointing at 7.08. The average price target for the stock over the next 12 months is $116.44, with the estimates having a low of $85.00 and a high of $140.00. These price ends are 8.77% and -50.26% off the current price level respectively, although investors could be excited at the prospect of a -28.8% if the CELH share price touches on the median price of $120.00.

Let’s briefly compare Celsius Holdings Inc. (CELH) stock to its peers. We find that current price change of -3.04% and 26.87% over the past 12 months for CELH. Another of its peers Coca-Cola Europacific Partners PLC (CCEP) has gained 1.72% previous session, and was -0.23% down over the past year, while Coca-Cola Consolidated Inc. (COKE) was also up 1.22% in the last session, while its price remained in the red at -16.82% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.36% and 1.18%, respectively, at close of the trading.

Coming back to Celsius Holdings Inc. (NASDAQ:CELH), we note that the average 3-month trading volume was 1.24 million, while that of the preceding 10-day period stands at 1.52 million. Current shares outstanding are 75.80 million.

The insiders hold 0.50% of the company’s shares while institutions hold 56.60%. The data shows that short shares as of Oct 13, 2022, stood at 8.38 million at a short ratio of 7.34. This represents a 11.07% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 7.67 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 24.94% up in year-to-date price movement.

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