1 Growth Stock Down 70% to Buy Right Now

2024 has been a rough year for Celsius Holdings (NASDAQ: CELH). The maker of healthier sugar-free energy drinks posted a revenue slump last quarter amid increasing competition and a changing strategy with its largest distribution partner. Shares have fallen a whopping 70% from all-time highs set just a half-year ago, causing immense pain for shareholders who have held on this year.This short-term pain should be seen as an opportunity for patient investors focused on long-term gains. Here's why growth stock Celsius Holdings is a buy for investors as we head into the holiday season.Celsius stock has gone in the tank for a few reasons. First, we should note that the stock was trading at a price-to-earnings ratio (P/E) of over 100 earlier in 2024. Any stock trading at a nosebleed P/E is going to be risky, no matter how fast the company is growing sales.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool