CELH - 1 Growth Stock Down 34% to Buy Right Now
2024-06-23 04:30:00 ET
For most of 2024, Celsius Holdings (NASDAQ: CELH) stock has been on a good run, hitting an all-time high of $96.11 in March. After a little dip in April, the stock came back up before falling nearly 40% from its 2024 high just over the last month. Shareholders have had their conviction tested during this roller-coaster ride.
There are reasons for the volatility in the stock price, but the question investors should always ask when a stock falls dramatically in a short time is whether the severity of the sell-off is warranted. Let's dig in and see why Celsius remains a stock to buy, even after this dip.
One of the main reasons Celsius stock has been on such a run-up over the last few years has been the company's eye-popping revenue-growth results. Over the past five years, quarterly year-over-year revenue growth has consistently been above 50%, often reaching triple digits. The company also has turned sustainably profitable and generated increasing amounts of free cash flow over the last several quarters.
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1 Growth Stock Down 34% to Buy Right Now