Celsius Stock Trades Lower Friday: What's Happening?
Shares of Celsius Holdings are trading lower Friday afternoon as investors weigh concerns its recovery may take longer than expected.
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Stephens & Co. analyst Jim Salera maintains Celsius Holdings (NASDAQ:CELH) with a Overweight and lowers the price target from $65 to $50.
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Shares of Celsius Holdings are trading lower Friday afternoon as investors weigh concerns its recovery may take longer than expected.
Chewy and Celsius Holdings are trading 46% below their 52-week highs but present potential doubling opportunities over five years. Chewy benefits from strong customer loyalty, growing Autoship sales (84% of revenue), and improving margins at 7.5%. Celsius is capitalizing on the fast-growing energy drink market with 20% U.S. market share, strong retail demand (+31%), and international expansion potential. Both stocks trade at reasonable valuations (16x and 24x forward P/E respectively) relative to their growth prospects.
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Celsius Holdings shares are trading lower Thursday, breaking a multi-week recovery after a Deutsche Bank downgrade.