Down More Than 74% From Its High, Is Celsius Holdings Stock Too Cheap to Pass Up?
The past year has been disastrous for energy drink maker Celsius Holdings (NASDAQ: CELH), whose share price is down a staggering 66% during that time frame. This once-hot growth stock has seen its valuation go into a tailspin as investors become concerned about its suddenly less impressive numbers and its underwhelming near-term prospects.It finished last week at a price of $25.69 -- down more than 74% from its 52-week high of $99.62. The company is facing some challenges, but is it in bad shape and could more of a decline be coming for Celsius, or could now be a good time to consider buying this beaten-down stock?A key reason Celsius has been a hot growth stock to own in recent years is due to its impressive growth. But the past two quarters have been troubling for the business. Its main distribution partner, PepsiCo, has been optimizing (i.e., reducing) inventory of Celsius products, and that has weighed on the company's growth rate significantly. Continue reading
The past year has been disastrous for energy drink maker Celsius Holdings (NASDAQ: CELH), whose share price is down a staggering 66% during that time frame. This once-hot growth stock has seen its valuation go into a tailspin as investors become concerned about its suddenly less impressive numbers and its underwhelming near-term prospects.
It finished last week at a price of $25.69 -- down more than 74% from its 52-week high of $99.62. The company is facing some challenges, but is it in bad shape and could more of a decline be coming for Celsius, or could now be a good time to consider buying this beaten-down stock?
A key reason Celsius has been a hot growth stock to own in recent years is due to its impressive growth. But the past two quarters have been troubling for the business. Its main distribution partner, PepsiCo, has been optimizing (i.e., reducing) inventory of Celsius products, and that has weighed on the company's growth rate significantly.
