Celsius Fundamental & Technical Analysis (Post earnings review)


Chart done on daily candles. Celsius Holdings hit it big with their popular energy drink the results show in their earnings. The company posted a bolstering profit of $.52 per share versus the expected $.26, a 100% beat for the quarter, and more than quadrupling from one year ago. Revenues have also skyrocketed to $325M this quarter compared to last year’s quarter performance at $154M. The biggest thing to point out about $CELH however is their short float percentage, lastly reported at 23%. This makes it a prime target for a short squeeze, meaning this rally could be just starting. We will be watching for a potential entry when the time is right to play the continuation.