On January 19, 2024, Celsius Holdings witnessed a significant decline in its stock price following a downgrade by B of A Securities. The renowned securities firm revised its rating from Buy to Neutral and set a price target of $65. As a result, the stock experienced an 11% drop during morning trading, settling at $53.30.
Despite the downward trend, it is worth noting that the analyst’s price target still indicates a considerable potential for growth. However, the decision to downgrade the stock has undoubtedly impacted its market value. B of A Securities made this call based on their assessment of various factors, including the company’s future prospects for expansion and potential growth in international markets.
Overall, the downgrade by B of A Securities has significantly impacted Celsius Holdings’ stock price on January 19, 2024. The company now faces the challenge of regaining investor confidence and demonstrating its ability to overcome the concerns raised by the analyst’s outlook.
Celsius Holdings Inc. Stock (CELH) Drops 10.54% on January 19, 2024: What Investors Need to Know
CELH, the stock of Celsius Holdings Inc., experienced a significant drop in its price on January 19, 2024. According to data sourced from CNN Money, the stock opened at $57.26, which was $2.34 lower than its previous closing price. The price drop of CELH shares on that day amounted to $6.28, representing a decline of 10.54%. Despite this decline, it is important to note that CELH is currently trading in the middle of its 52-week range. However, it is worth mentioning that trading in the middle of the range does not necessarily guarantee future stability. Additionally, the stock is trading above its 200-day simple moving average, indicating that the stock has been performing well in the long term. Investors should carefully consider these factors before making any decisions regarding CELH. It is crucial for investors to conduct thorough research, analyze market trends, and consult with financial advisors to gain a comprehensive understanding of CELH’s prospects and potential risks. Stock performance can be influenced by various factors, including company-specific news, industry trends, and overall market conditions. Investors should exercise caution and make informed decisions based on their individual investment goals and risk tolerance.
Celsius Holdings (CELH) Stock Performance on January 19, 2024: Analyzing Revenue, Net Income, and EPS
CELH Stock Performance on January 19, 2024: A Closer Look at the Numbers
On January 19, 2024, Celsius Holdings (CELH) stock experienced significant fluctuations in its performance. By analyzing the financial data sourced from CNN Money, we can gain insights into the company’s total revenue, net income, and earnings per share (EPS) for the past year and the third quarter.
Total Revenue:
CELH’s total revenue for the past year stood at $653.60 million, representing a remarkable 107.97% increase compared to the previous year. Furthermore, CELH’s total revenue for the third quarter amounted to $384.76 million, reflecting an 18.07% increase since the previous quarter.
Net Income:
CELH reported a loss of -$187.28 million over the past year. However, net income increased by 4856.64% since last year. In the third quarter, CELH’s net income rebounded strongly, reaching $83.95 million, reflecting a substantial 62.98% increase compared to the previous quarter.
Earnings per Share (EPS):
CELH reported an EPS of -$0.88 over the past year, representing a significant decrease of 5283.43% compared to the previous year. However, in the third quarter, CELH’s EPS rebounded strongly, reaching $0.30, reflecting a substantial 72.35% increase compared to the previous quarter.
Conclusion:
CELH’s stock performance on January 19, 2024, showcased remarkable growth in total revenue, net income, and EPS. Investors should closely monitor CELH’s financial performance, as the company demonstrates its potential for sustained growth and increased shareholder value.
