Celsius reported decelerating sales growth rates over the last two quarters. The company's current strength in past "drill deep" markets shows the opportunity for further market share gains.
After a strong showing over the past five years, Celsius shares are up just 4% in 2024. The energy drink upstart still has solid opportunities ahead from shelf space gains and international growth.
Celsius stock is dropping like a rock, but is the move warranted?
Celsius (CELH) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
In recent years, stock investors faced heightened volatility. An economic downturn in 2022 erased gains.
Celsius recently saw its revenue slow, but the company's results are still impressive. Its distribution deal with Pepsi should fuel international expansion.
In the most recent trading session, Celsius Holdings Inc. (CELH) closed at $62.48, indicating a +0.94% shift from the previous trading day.
It's a good time to be in growth stocks. The major U.S. indices have continued their ascent as publicly listed companies churn out better-than-expected earnings reports and the inflation gets back under control.
Because of how inflation in the U.S. economy has been headed lately, it isn't consumer discretionary stocks that tend to call on the market's attention, but rather the artificial intelligence-drunk technology names, the likes of NVIDIA Co. NASDAQ: NVDA and others. However, there are a few gems to be picked by those who are brave enough to consider them.
A lot of great stocks are hiding in plain sight. Many stocks quietly outperform the market without generating much, if any, media attention.
Tracking information on which stocks to buy can be a daunting and time-consuming process. One way to streamline it is to consider analyst EPS, growth and other forecasts, as well as price targets.
Celsius is moving into the "expand" portion of its land-and-expand strategy with PepsiCo. The company already boasts top-tier profitability, despite still being in high-growth mode. By venturing into new international markets, Celsius could make its current valuation look cheap 10 years from now.