Celsius Holdings Inc’s (NASDAQ: CELH) Future In 2024

Celsius Holdings Inc (NASDAQ:CELH) shares, rose in value, with the stock price up by 0.45% to the previous day’s close as strong demand from buyers drove the stock to $50.98.

Actively observing the price movement in the last trading, the stock closed the session at $50.75. The PE ratio was 55.91 over 12-month period. Referring to stock’s 52-week performance, its high was $99.62, and the low was $45.03. On the whole, CELH has fluctuated by -12.74% over the past month.

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Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CELH’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 1.80, with the price of CELH currently trading nearly -11.06% and -27.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.55, while the 7-day volatility ratio is showing 5.54% which for the 30-day chart, stands at 5.24%. Furthermore, Celsius Holdings Inc (CELH)’s beta value is 1.88, and its average true range (ATR) is 3.31.

A comparison of Celsius Holdings Inc (CELH) with its peers suggests the former has fared considerably weaker in the market. CELH showed an intraday change of 0.45% in last session, and over the past year, it grew by 5.81%%.

Data on historical trading for Celsius Holdings Inc (NASDAQ:CELH) indicates that the trading volumes over the past 3 months, they’ve averaged 5.39 million. According to company’s latest data on outstanding shares, there are 231.79 million shares outstanding.

Nearly 32.94% of Celsius Holdings Inc’s shares belong to company insiders and institutional investors own 64.71% of the company’s shares. The stock has fallen by -6.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CELH stock heading into the next quarter.

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