CELH - Forget Celsius Holdings: This Stock Has Made Far More Millionaires
2024-01-13 11:19:00 ET
Fitness-focused energy drink maker Celsius Holdings (NASDAQ: CELH) has created a fair number of millionaires in the last four years. The stock has gained 3,700% since taking its flagship beverage brand nationwide in March 2000.
However, the number of Celsius millionaires is probably fairly small. The stock's trading volume rose relatively slowly and four years is a short millionaire-minting period. Moreover, Celsius is not among the 100 most owned stocks on the Robinhood Markets brokerage today -- and I can't find any evidence that it ever ranked on that handy indicator of investor interest. Finally, Celsius Holdings isn't exactly an industry giant yet -- there are 650 companies with market caps larger than the energy drink maven's $13.8 billion.
These are early innings in Celsius' long-term growth game, and the company may make more people wealthy over time. But so far, its millionaire-making ability can't hold a candle to the moneymaking powers of Netflix (NASDAQ: NFLX) .
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Forget Celsius Holdings: This Stock Has Made Far More Millionaires