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Celsius: Wanted Dip (Rating Upgrade)

  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 

Updated - May 27, 2023

Celsius appears set to test whether the gap in the chart will close. The quarterly results were good enough for the stock to keep running, but the pause now could turn into a route. The stock back below $110 would make for another tasty buy. 

Finviz Chart

Updated - May 10, 2023

Huge quarter by Celsius. The chart was a huge tell of the bullish setup going into Q1 and the stock appears off to the races. 

  • The Boca Raton-based beverage company reported $260M in revenue for the quarter, nearly double for the quarter, nearly double the figure notched in the prior year and reaching a record for the company. Gross profit for the first quarter jumped more than 100% YoY to $114M while $0.40 in EPS more than doubled the consensus estimates of $0.19. 

Finviz Chart

Updated - Apr. 26, 2023

Looks like a low was set with higher lows here. Celsius could easily test the upward trend near $130 now.

-Celsius Holdings (NASDAQ:CELH) pushed higher on Wednesday after Piper Sandler started off coverage on the beverage stock with an Overweight rating.

-"CELH has a differentiated brand that sets it apart from competitors like Red Bull, Monster, other energy drinks, and coffee. It offers a more refreshing alternative to coffee with a strong caffeine boost but without the sugar of most energy drinks."

-Lavery sees the Celsius fruit-flavored energy drink lineup as positioned to perform well and called the PepsiCo (PEP) deal a positive factor with products now in over 210K U.S. stores, with additional upside planned in 2023.

-Piper Sandler has a price target of $110 to rep more than 20% upside potential for the stock.
Finviz Chart

Original article posted on Mar. 22

  • Celsius Holdings slipped after the Q4 2022 results missed analyst estimates.
  • The energy drink company saw sales shuffled between quarters due to the PepsiCo distribution deal starting October 1.
  • Celsius Holdings stock is cheap at a forward EV/S multiple of 7x, matching the multiple of much slower-growing peer Monster Beverage Corporation.
Oddly, Celsius Holdings, Inc. (NASDAQ:CELH) fell in March after reporting another strong quarter. The market interpreted the Q4'22 results as a change in momentum, but the energy drink company is still full-speed ahead with plenty of

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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