Celsius Holdings, Inc. (OTCMKTS:CELH) Crashes Down The Charts

[[tagnumber 0]][[tagnumber 1]]Celsius Holdings, Inc. (OTCMKTS:CELH) has managed to keep most of the gains that it made in the sudden upward run it experienced in the second half of April, despite the rather turbulent performance that we have seen from the company stock.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After swaying between $1.80 and $2 per share through the most part of September, we finally saw the ticker make an upward run in the charts as the month came to an end. The run continued in the first sessions of this month and this shouldn’t be that much of a surprise considering the impressive financial state in which the company is.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash and equivalents: $11.6 million[[tagnumber 11]] [[tagnumber 10]]current assets: $16.3 million[[tagnumber 11]] [[tagnumber 10]]current liabilities: $1.3 million[[tagnumber 11]] [[tagnumber 10]]quarterly revenues: $4.6 million[[tagnumber 11]] [[tagnumber 10]]quarterly net loss: $519 thousand[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Quite impressive for an OTC listed company, but the market cap is also quite big. The company bragged about big growth year–over–year when the Q2 report came out, but the fact is that it has been doing rather badly compared to the first quarter of the year. For one, it didn’t manage to turn a profit and recorded a net loss of more than half a million dollars.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The dilution that the stock and its shareholders have endured also isn’t very small. The amount of outstanding shares of common stock has nearly doubled in the period between March 31, 2015 and June 31, 2015, with many of them being issued at massive discounts.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This might be one of the reasons for the stock’s volatility. Nothing suggested yesterday’s drop of 10.09% which left [[tagnumber 32]]CELH[[tagnumber 33]] with a price of $2.05. Trading was also way more than the thirty day average, but the 51 thousand traded shares generated only $111 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker hasn’t moved anywhere in today’s trading and there aren’t really a lot of shares flying around. Still, [[tagnumber 32]]CELH[[tagnumber 33]] is prone to volatility and you can check it out if you like to play both ways. Just don’t forget to do your due diligence and weigh out the risks first.[[tagnumber 2]]