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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Celsius Holdings (NASDAQ:CELH) trades at all-time highs, yet the stock still isn't expensive. The energy drink company continues to fire on all cylinders while still having plenty of growth upside from international expansion. My investment thesis remains ultra-Bullish on the stock.
Read the full article on Seeking Alpha.
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