Company Overview - Celsius Holdings Inc. (CELH) currently holds a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [4] Price Performance - CELH shares have increased by 10.3% over the past week, while the Zacks Food - Miscellaneous industry remained flat during the same period [6] - Over the past month, CELH's price has risen by 40.33%, significantly outperforming the industry's 0.19% [6] - In the last quarter, CELH shares have surged by 69.53%, and over the past year, they have gained 47.26%, compared to the S&P 500's increases of 8.58% and 17.39%, respectively [7] Trading Volume - The average 20-day trading volume for CELH is 7,425,680 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, 10 earnings estimates for CELH have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.81 to $1.09 [10] - For the next fiscal year, 12 estimates have also moved upwards without any downward revisions [10] Conclusion - Considering the positive price momentum, strong earnings outlook, and favorable trading volume, CELH is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling investment option [12]
What Makes Celsius Holdings Inc. (CELH) a Strong Momentum Stock: Buy Now?