CELSIUS HOLDINGS Stock Falls Sharply on Monday

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Celsius Holdings, Inc. ($NASDAQ:CELH) shares fell sharply on Monday, perhaps being caught in the crossfire as a crypto-focused firm of the same name faces considerable trouble. The drink and liquid supplement distributor’s stock fell nearly 9% shortly after Monday’s market open, accelerating to the downside with no immediate catalyst outside of a possible mix-up. The other Celsius, a blockchain-based lending platform, is facing serious problems after it was revealed that its CEO and founder, Nuke Goldman, had been using customer funds to cover personal expenses and make questionable investments. The news sent shockwaves through the crypto world, with Celsius’ tokens plunging in value and the company’s reputation taking a major hit. It might be unclear if the two companies aren’t related, but given the similar names and the fact that both are publicly traded, it’s not surprising that investors might be getting them confused. Still, the troubles at the other Celsius are likely to have at least some short-term impact on the stock of Celsius Holdings. Monday’s sell-off could push the stock even lower in the near-term, especially if the crypto world continues to react negatively to the news. In the longer-term, though, Celsius Holdings is likely to weather this storm. The company has strong fundamentals and is well-positioned to capitalize on the growing demand for health drinks and supplements. Its shares may be volatile in the near-term, but over the long run, they should continue to trend higher.

Market Reaction

On Monday, CELSIUS HOLDINGS stock opened at $58.4 and closed at $54.6, representing a 11.2% decline from its previous closing price of $61.5.

VI Analysis

The company’s fundamentals are a reflection of its long term potential. The below analysis on CELSIUS HOLDINGS has been made simple by the VI app. According to the VI Risk Rating, CELSIUS HOLDINGS is a high risk investment in terms of financial and business aspects. You may look at what are the business and financial areas presenting potential risks in our website.

Summary

The stock of CELSIUS HOLDINGS fell sharply on Monday after the company announced that it would be selling its shares to the public. The stock price fell by 11.2% on the news. The company had been privately held up until now, so this move signals a change in strategy. It is possible that the company is looking to raise capital in order to fund future growth. Alternatively, CELSIUS HOLDINGS could be experiencing financial difficulties and is looking to offload some of its shares to raise cash. Investors should exercise caution before buying shares in CELSIUS HOLDINGS. The company’s financial situation is unclear, and the stock price could continue to fall.