Celsius (CELH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Celsius Holdings Inc. (CELH) closed at $31.66 in the latest trading session, marking a -0.13% move from the prior day.
Energy drinks have been getting a considerable amount of negative publicity regarding health concerns, which has led to a decline in consumption. This, along with soft consumer spending and market saturation from competitors, has triggered a strong sell-off in two of the most popular energy drink brands: Monster Beverage Co. NASDAQ: MNST and Celsius Holdings Inc. NASDAQ: CELH.
Zacks.com users have recently been watching Celsius (CELH) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Celsius Holdings: Gathering Energy For The Next Run
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Is now an optimal time to buy Celsius Holdings stock?
Celsius Holdings, despite a 70% drop from all-time highs, still has a bright future with several growth catalysts. Confusing sales data from PepsiCo, due to initial inventory build-up, has misrepresented Celsius' true sales performance. Investors should note that the current lower sales figures are a result of inventory adjustments, not a decline in actual demand.
This rocket stock has pulled back recently but the future is still bright.
Celsius Holdings Inc. (CELH) closed the most recent trading day at $34.18, moving -1.84% from the previous trading session.
Slowing growth, shrinking market share, and external challenges are dampening CELH's performance.