Celsius Holdings (CELH) Loses 8% on Profit-Taking

We recently published 10 Firms Facing a Rough March So Far. Celsius Holdings Inc. (NASDAQ:CELH) was one of the worst performers on Monday.

Celsius Holdings fell by 8.13 percent on Monday to finish at $49.25 apiece, as investors resorted to profit-taking following last week’s surge while mirroring a mixed performance on Wall Street.

During the session, the three major indices finished mixed, with the Dow Jones dropping 0.15 percent, while the S&P 500 eked out a mere 0.04 percent gain. The Nasdaq, on the other hand, increased by 0.36 percent.

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Investors also took advantage of last week’s surge to take profits after two investment companies “buy” recommendations and raised their price targets for Celsius Holdings Inc. (NASDAQ:CELH) following a strong earnings performance that beat analyst expectations.

For its part, UBS raised its price target by 3 percent to $72 from $70, while Bank of America upgraded its fair value assessment by 44 percent to $65 from $45.

Last week, Celsius Holdings Inc. (NASDAQ:CELH) said that its revenues jumped by 83 percent to $2.5 billion from $1.3 billion in 2024, beating analyst expectations of $2.4 billion.

However, net profit attributable to shareholders fell by 41 percent to $63.8 million from $107.5 million year-on-year.

In the fourth quarter alone, revenues soared by 117 percent to $721.6 million from $332.2 million, while it swung to a net profit attributable to shareholders of $9.1 million from a $25.8 million attributable net loss in the same period a year earlier.

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