Celsius (NASDAQ:CELH) Reaches New 52-Week Low – What’s Next?

Celsius Holdings, Inc. (NASDAQ:CELH)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $24.42 and last traded at $25.04, with a volume of 931510 shares. The stock had previously closed at $24.88.

Analysts Set New Price Targets

A number of research firms have commented on CELH. Deutsche Bank Aktiengesellschaft began coverage on Celsius in a research report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price target on the stock. UBS Group decreased their target price on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus dropped their price target on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. started coverage on shares of Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. Finally, B. Riley dropped their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Celsius Price Performance

The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 35.81, a PEG ratio of 2.81 and a beta of 1.79. The business’s fifty day moving average price is $27.91 and its 200-day moving average price is $33.08.

Insider Buying and Selling

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Celsius

A number of hedge funds and other institutional investors have recently made changes to their positions in CELH. Valmark Advisers Inc. purchased a new stake in Celsius in the fourth quarter worth $307,000. Secured Retirement Advisors LLC bought a new position in shares of Celsius during the 4th quarter worth $804,000. Manchester Capital Management LLC increased its holdings in Celsius by 92,260.0% in the 4th quarter. Manchester Capital Management LLC now owns 4,618 shares of the company’s stock worth $122,000 after acquiring an additional 4,613 shares during the last quarter. Arcus Capital Partners LLC bought a new stake in Celsius in the 4th quarter valued at about $5,784,000. Finally, Capital Advisors Inc. OK purchased a new stake in Celsius during the fourth quarter valued at about $527,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Company Profile

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.