What's Going On With Celsius Holdings Stock?
Portfolio Pulse from Erica Kollmann
Celsius Holdings, Inc. (NASDAQ:CELH) shares are trading lower, with a drop of over 15% in the last five days. The stock is experiencing above-average trading volume. Roth MKM analyst Sean McGowan maintained a Buy rating for CELH and raised the price target from $180 to $220. CELH has an outsized short-interest with 33.89% of available shares being sold short.
September 21, 2023 | 4:16 pm
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NEGATIVE IMPACT
Celsius Holdings' shares are trading lower with a significant drop over the last five days. However, the stock maintains a Buy rating from Roth MKM analyst, who also raised the price target.
The stock is trading lower due to continued downward momentum, which is a negative sign. However, the Buy rating and increased price target from the analyst could potentially signal a future recovery. The high short-interest indicates a bearish sentiment among investors, which could put further downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100