CELH - Celsius Stock Is Beaten Down Now but It Could Still Soar
2024-07-20 11:00:00 ET
Celsius (NASDAQ: CELH) stock hit an all-time high of $99.62 on March 14, 2024. At the time, many investors were impressed by the energy drink maker's rapid growth. But over the following four months, shares have declined 47%.
The bulls retreated amid concerns about its slowing sales growth, market share losses, and inventory reductions at its distribution partner, PepsiCo (NASDAQ: PEP) . However, Celsius stock can still bounce back and generate 10-bagger gain (or more) over the long term if it successfully scales up its business.
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Celsius Stock Is Beaten Down Now, but It Could Still Soar