NEW YORK CITY, NY / ACCESSWIRE / November 25, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Celsius Holdings, Inc. ("Celsius" or "the Company") (NASDAQ:CELH) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Celsius securities between February 29, 2024 and September 04, 2024 inclusive (the "Class Period").
Celsius (CELH 0.90%) is gaining market share in the expanding energy drink market.
2024 has been a great year for high-growth stocks. The Nasdaq-100 Index is up 23.4% year to date, with many stocks flying more than 100%.
Shares of Celsius are down big from their highs and may be looking cheap for investors.
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Celsius is a high-risk/high-potential-reward play in the coveted energy drink category.
Celsius' unique positioning as a "better for you" energy drink with scientific backing and celebrity endorsements drives brand awareness and consumer interest. The business model relies heavily on partnerships, particularly with Pepsi, which poses significant risks due to revenue concentration but allows focus on core competencies. Financials show exponential revenue growth and improving cash flows, but net income volatility and dependency on Pepsi are major concerns.
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