|Bid||63.40 x 800|
|Ask||64.26 x 800|
|Day's Range||61.71 - 65.70|
|52 Week Range||9.24 - 83.00|
|Beta (5Y Monthly)||2.12|
|PE Ratio (TTM)||583.43|
|Earnings Date||Aug 04, 2021 - Aug 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||86.25|
After a long bull run with more than 45% gains over the past month and a nearly 660% rise in the past year, Celsius Holdings, Inc. (NASDAQ: CELH) stock hit a sharp speed bump on June 9 after management announced a 6.5 million share supplementary public offering of stock. More costly imported cans were used rather than American cans for a considerable part of production, increasing expenses and holding back the potential profits from Celsius' soaring revenue.
This high-growth company just announced a public offering that will further strengthen its balance sheet.
Celsius Holdings (NASDAQ: CELH) announced pricing on a sale of common stock yesterday, and the market revalued shares accordingly today. As of 1:20 p.m. EDT, shares of the fitness and health drink maker were down almost 15%. Celsius said a sale of more than 6.5 million shares of common stock would be priced at $62.5 per share.