Down 69%, Is Celsius an Incredible Buying Opportunity Right Now?

Celsius (NASDAQ: CELH) was once on a rocketship to the moon. During the five years leading up to the all-time high they reached in March 2024, shares soared 7,300%. I challenge you to find a business that put up a better return than this during that period.But what goes up must come down. As of this writing, this beverage stock trades a gut-wrenching 69% below its peak price of nine months ago. Does this make Celsius an incredible buying opportunity right now?Celsius was once growing at an unbelievable pace. Between 2018 and 2023, revenue surged 25-fold. Though momentum has slowed this year, sales were still up 29% year over year through the first six months of 2024.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool