Reported about 1 year ago
Celsius Holdings (NASDAQ: CELH) stock experienced a 40% drop from its 2024 high, leading investors to question the reasons behind the sell-off and whether it's justified. Despite a slowdown in revenue growth in Q1 of fiscal 2024 compared to the previous years, Celsius remains profitable and cash flow positive. The company is expanding internationally with growth in Europe and a distribution partnership with PepsiCo. While the stock is still considered expensive, its potential for continued growth makes it a candidate for investment, especially for those who believe in its long-term prospects.
Source: YAHOO