Reported 7 months ago
Shares of Celsius (NASDAQ: CELH) dropped 16.8% this week due to industry data suggesting slowed growth for energy drinks, despite no official earnings reports. Investors are contemplating the high valuation of Celsius stock, currently trading more than 10 times sales and 67 times earnings. Some shareholders view this pullback as a buying opportunity, banking on the company's long-term growth prospects even in the face of market volatility. The Motley Fool article highlights the implications of the stock decline and potential for future growth.
Source: YAHOO