Up 60% in Less Than 2 Months, Is Celsius Stock Mounting an Epic Comeback?
On Feb. 13, shares of energy drink company Celsius Holdings (NASDAQ: CELH) opened at just $21.47 per share, down nearly 80% from its highs in 2024. But as of March 24, Celsius stock is roaring back to life, up more than 60% from its lows in February.To be fair, Celsius stock was down for a legitimate reason. Investors were accustomed to greater than 100% growth for the red-hot energy drink brand. But the company's 2024 revenue was only up 3% from revenue in 2023. It seemed as though it was no longer a growth stock, which was troubling enough. But investors were further concerned that perhaps Celsius was losing market share to other upstart players in the space.The catalyst for Celsius' rebounding stock price was its financial report for the fourth quarter of 2024. It reminded investors that the company has far more growth ahead than what they've recently given it credit for.Continue reading
On Feb. 13, shares of energy drink company Celsius Holdings (NASDAQ: CELH) opened at just $21.47 per share, down nearly 80% from its highs in 2024. But as of March 24, Celsius stock is roaring back to life, up more than 60% from its lows in February.
To be fair, Celsius stock was down for a legitimate reason. Investors were accustomed to greater than 100% growth for the red-hot energy drink brand. But the company's 2024 revenue was only up 3% from revenue in 2023. It seemed as though it was no longer a growth stock, which was troubling enough. But investors were further concerned that perhaps Celsius was losing market share to other upstart players in the space.
The catalyst for Celsius' rebounding stock price was its financial report for the fourth quarter of 2024. It reminded investors that the company has far more growth ahead than what they've recently given it credit for.
