Celsius: Early Days Still
Update - Sept. 22, 2023
Celsius has been hit hard following the run to $200. Unclear what is causing the sell off other than the September swoon in growth stocks. The stock appears set to close the gap to $150 providing a premium entry point.
Original article posted on Aug. 23.
- Celsius Holdings is trading at all-time highs but is still not expensive, with plenty of growth potential from international expansion.
- Sales growth accelerated in Q2'23, reaching a new quarterly record high of $326 million.
- The stock only trades at an EV/S multiple of 8x, similar to slower growing energy drink peer.
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