Celsius Holdings Stock Price Falls 5.84% on November 13, Closes at $162.42

Celsius Holdings Stock Price 

As of November 13, Celsius Holdings, Inc. (NASDAQ: CELH) is trading at $162.42 . Today, the stock experienced a decrease of $10.08 (5.84%), closing at $162.42 . The decline highlights a fluctuation in the market value of Celsius Holdings on this particular day. It's essential to note that stock prices are subject to change based on various factors and market conditions.

Celsius Holdings Stock Analysis

Celsius Holdings, (NASDAQ: CELH) closed on November 13 at $162.42, experiencing a 5.84% decline from the previous day's close of $172.50. The after-hours trading saw a slight recovery, with the stock reaching $163.78, up by 0.84% or $1.36. The day's trading exhibited a range between $162.31 and $173.43. The 52-week performance reflects a high of $206.85 and a low of $80.25. The market capitalization stands at an impressive $12.54 billion , emphasizing the company's significant presence in the market. The price-to-earnings (P/E) ratio is notably high at 113.06, indicating a premium valuation by investors.

Celsius Holdings, financial indicators present a dynamic picture. The stock's average trading volume is 1.63 million shares, suggesting an active market engagement. Notably, the company's P/E ratio of 113.06 suggests that investors are willing to pay a premium for each dollar of earnings, possibly reflecting high growth expectations. The November 13 closing price of $162.42 falls below the 52-week high, potentially signaling a buying opportunity for investors who believe in the long-term growth prospects of Celsius Holdings, Inc.

Celsius Holdings Stock Data

Here Are the Key Details for Celsius Holdings Stock:

Celsius Holdings Profile

Celsius Network LLC, headquartered in Hoboken, New Jersey, was a global cryptocurrency lending company that filed for Chapter 11 bankruptcy in July 2022. Prior to its financial troubles, it allowed users to deposit various cryptocurrencies, such as Bitcoin and Ethereum, into Celsius wallets to earn yields and offered cryptocurrency-backed loans.

The company gained notoriety in June 2022 for indefinitely halting transfers and withdrawals, citing "extreme market conditions." By May 2022, Celsius had lent out $8 billion to clients and managed almost $12 billion in assets. The bankruptcy filing followed steep declines in the prices of cryptocurrencies after the suspension of services.