Thursday, August 18, 2022

Celsius Holdings Inc. [CELH] 10% Owner makes an insider purchase of 96,501 shares worth 9.98 million.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Celsius Holdings Inc. shares valued at $9,981,098 were sold by DESANTIS CARL on Aug 02. At $103.43 per share, DESANTIS CARL sold 96,501 shares. The insider’s holdings dropped to 6,824,030 shares worth approximately $739.79 million following the completion of this transaction.


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Also, Milmoe William H. sold 196,501 shares, netting a total of over 20,324,098 in proceeds. Following the sale of shares at $103.43 each, the insider now holds 6,824,030 shares.

Before that, Kravitz Hal had sold 5,000 shares from its account. In a trade valued at $500,000, the Director traded Celsius Holdings Inc. shares for $100.00 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $2.91 million.

As published in a research note from Maxim Group on May 11, 2022, Celsius Holdings Inc. [CELH] has been rated up from a Hold to a Buy and the price target has been revised to $70. This represents a -54.87% premium over Thursday’s closing price. Analysts at Stifel started covering the stock with ‘”a Buy”‘ outlook in a report released in mid November. As of November 12, 2021, Credit Suisse has decreased its “an Outperform” rating to a “Neutral” for CELH. Earlier on September 16, 2021, Jefferies initiated its rating. Their recommendation was “a Buy” for CELH stock.

Analyzing CELH’s Price Performance

On Thursday, Celsius Holdings Inc. [NASDAQ: CELH] rose 2.83% to $108.41. The stock’s lowest price that day was $104.2182, but it reached a high of $109.51 in the same session. During the last five days, there has been a surge of approximately 24.28%. Over the course of the year, Celsius Holdings Inc. shares have jumped approximately 45.38%. Shares of the company reached a 52-week high of $109.74 on 08/02/22 and a 52-week low of $38.31 on 05/10/22. A 50-day SMA is recorded $72.63, while a 200-day SMA reached $65.49. Nevertheless, trading volume fell to 1.21 million shares from 2.78 million shares the previous day.

Support And Resistance Levels for Celsius Holdings Inc. (CELH)

According to the 24-hour chart, there is a support level at 105.25, which, if violated, would cause prices to drop to 102.09. In the upper region, resistance lies at 110.54. The next price resistance is at 112.67. RSI (Relative Strength Index) is 79.06 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 17.44, which suggests the price will increase in the coming days. Percent R is at 3.63%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Celsius Holdings Inc. subject to short interest?

Stocks of Celsius Holdings Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.54 million shares to 6.6 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.06 million shares. A jump of 23.33% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.96 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.96.

Which companies own the most shares of Celsius Holdings Inc. (CELH)?

According to BlackRock Fund Advisors filings, the company currently owns 6,032,568 shares, which is about 8.01% of the total CELH shares outstanding. The investor’s shares have appreciated by 43,324 from its previous 13-F filing of 5989244.0 shares. With the completion of the buy transaction, Fidelity Management & Research Co’s stake is now worth $309,569,359. The Vanguard Group, Inc. acquire a 1.17% interest valued at $268.43 million while Capital Research & Management Co 1,686,011 stake. In its current portfolio, SSgA Funds Management, Inc. holds 1,456,280 shares valued at $95.04 million.

In terms of Celsius Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $105.13 in the next 12 months, up nearly 7.65% from the previous closing price of $105.43. Analysts anticipate Celsius Holdings Inc. stock to reach $130.00 by 2022, with the lowest price target being $74.00. In spite of this, 8 analysts ranked Celsius Holdings Inc. stock as a Buy at the end of 2022. On August 23, 2021, ROTH Capital assigned a price target of “a Buy” to the stock and resumed coverage with a $85.

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