Last week's volume spike makes shares of Celsius Holdings (CELH) again a stock watch. Earlier this year the stock was bouncing between twenty and thirty cents, but recently the range has mainly been betweent thirty and forty. Although still limping along in terms of investor interest and stock exposure, the company has made some recent strides at stabilizing the cash flow and solidifying the next PR push. The logical next step would be to capitalize on that renewed PR push while looking to expand sales beyond the $2.5 million number registered last quarter.
Two days hardly sets a trend, but just two days of trading last week for CELH eclipsed the total amount of shares traded for month prior, a subject worth keeping an eye on. With the hot summer months upon us and work-out enthusiasts in action at full swing, consumers could be looking towards the pre-workout and calorie burning effects of the Celsius beverage and powdered packets for the extra boost that would also lead to a boost in revenue and sales.
It's not likely that any big moves would again materialize with this stock unless a much larger volume influx materializes, but CELH will be one worth keeping an eye on during the coming week, based on last week's volume spike. The current market cap is trading at levels where one impressive earnings report could lead to a quick rise in share price.
Still highly speculative, the Celsius functional beverage still has the potential to catch on in the market with a mainstream niche.
Disclosure: Long CELH.
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