This sale highlights Milmoe's ongoing management of his investment in the energy drink maker, which is known for its popular line of fitness beverages. Trading at a P/E ratio of 43, InvestingPro analysis suggests the stock is currently undervalued, with 14+ additional exclusive insights available for subscribers, including detailed valuation metrics and growth forecasts. Trading at a P/E ratio of 43, InvestingPro analysis suggests the stock is currently undervalued, with 14+ additional exclusive insights available for subscribers, including detailed valuation metrics and growth forecasts. This sale highlights Milmoe's ongoing management of his investment in the energy drink maker, which is known for its popular line of fitness beverages.
In other recent news, Celsius Holdings (NASDAQ:CELH) has been the focus of several analyst reports. Deutsche Bank (ETR:DBKGn) initiated coverage on the company, assigning a Hold rating due to broader weakness in the energy drink category and inventory issues. Despite these challenges, the firm sees potential for a rebound in the sector by 2025. On the other hand, JPMorgan started coverage with an Overweight rating, highlighting improving category trends and the stock's current lower valuation.
Morgan Stanley (NYSE:MS) maintained its Equalweight rating on shares of Celsius Holdings, observing a slight deceleration in the company's year-over-year sales growth. However, the firm's stance on Celsius Holdings remains unchanged, citing an improved risk/return profile.
Needham analysts initiated coverage on Celsius Holdings, bestowing a buy rating and setting a price target of $38. They forecast brighter prospects for the company looking ahead to 2025, citing its position as the third player in the energy drink sector.
In financial news, Celsius Holdings reported a significant decrease in third-quarter revenue for 2024, falling 31% to $265.7 million from $385 million in the same quarter last year. The company also reported a sharp decline in net income to $6.4 million, down 92% from the previous year's $83.9 million.
These are recent developments for the company, which maintains a strong cash position with over $900 million in reserves and plans to drive growth through promotional activities and new product launches into 2025. Despite facing several headwinds, the company's management remains committed to its growth strategy.
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