Celsius Holdings, Inc. (NASDAQ:CELH) is seeing its shares move on high trading volumes Monday afternoon, with session volume at 6.44 million compared to the 100-day average of 4.29 million. Here’s a look at what’s going on.
What To Know: Celsius Holdings, known for its CELSIUS energy drinks, is currently trending on various social platforms, as traders look for a catalyst behind the rise in shares.
The company announced that its Chairman and CEO, John Fieldly, along with CFO Jarrod Langhans, will participate in a webcast fireside chat at the 4th Annual Evercore ISI Consumer and Retail Conference. The event is scheduled for Tuesday June 11, 2024.
Analyst Reaction: Around two weeks ago, Morgan Stanley reiterated its price target of $75 and BofA Securities increased its price target from $80 to $84.
What Else: The company is also preparing for its upcoming third-quarter earnings report on June 26, 2024. Analysts estimate EPS of 48 cents and revenue of $6.63 billion. In its last second-quarter report, Celsius Holdings outperformed expectations with EPS of 42 cents compared to the estimated loss of 25 cents and revenue of $5.82 billion versus the estimated $5.342 billion.
CELH Price Action: Celsius Holdings shares were down 9.14% at $66.51 at the time of writing, according to Benzinga Pro.
See Also: Arm Is A Top Secular Pick Along With Nvidia: Analyst
Image: Shutterstock.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
