10 Firms Facing a Rough March So Far

7. Celsius Holdings Inc. (NASDAQ:CELH)

Celsius Holdings fell by 8.13 percent on Monday to finish at $49.25 apiece, as investors resorted to profit-taking following last week’s surge while mirroring a mixed performance on Wall Street.

During the session, the three major indices finished mixed, with the Dow Jones dropping 0.15 percent, while the S&P 500 eked out a mere 0.04 percent gain. The Nasdaq, on the other hand, increased by 0.36 percent.

Investors also took advantage of last week’s surge to take profits after two investment companies “buy” recommendations and raised their price targets for Celsius Holdings Inc. (NASDAQ:CELH) following a strong earnings performance that beat analyst expectations.

For its part, UBS raised its price target by 3 percent to $72 from $70, while Bank of America upgraded its fair value assessment by 44 percent to $65 from $45.

Last week, Celsius Holdings Inc. (NASDAQ:CELH) said that its revenues jumped by 83 percent to $2.5 billion from $1.3 billion in 2024, beating analyst expectations of $2.4 billion.

However, net profit attributable to shareholders fell by 41 percent to $63.8 million from $107.5 million year-on-year.

In the fourth quarter alone, revenues soared by 117 percent to $721.6 million from $332.2 million, while it swung to a net profit attributable to shareholders of $9.1 million from a $25.8 million attributable net loss in the same period a year earlier.