Celsius Holdings (CELH) shares are trading lower today as Bank of America downgraded its sales estimates for the company, citing excess inventory and slower growth. The bank also lowered its EBITDA and EPS estimates, highlighting concerns about Celsius’s inventory management. However, Bank of America remains optimistic about Celsius’s long-term prospects, expecting the company to continue investing in marketing to drive demand for its products.
Celsius Holdings Inc. (CELH) stock is experiencing a significant rebound on Thursday, driven by increased attention from retail traders. This surge follows a period of steep losses, with traders citing several factors, including oversold conditions, support levels, and significant short interest, as catalysts for the bounce.
Celsius Holdings, the energy drink maker, saw its shares plummet to new 52-week lows on Monday, as the company grapples with slowing growth and a recent decision by its distribution partner, PepsiCo, to scale back orders. The stock has lost nearly half its value this year.
Celsius Holdings stock took a hit on Wednesday after the company revealed a significant drop in sales to PepsiCo during the current quarter. However, despite the news, analysts remain largely optimistic about the company’s future, with several maintaining their ‘Buy’ and ‘Overweight’ ratings. The stock has seen some recovery on Thursday, but it remains down year-to-date.
