4 Reasons to Buy Celsius Stock Like There's No Tomorrow
Celsius' (NASDAQ: CELH) stock is down nearly 60% since it hit its record high this March. The energy drink maker's stock fizzled out as investors fretted over its slowing sales growth, declining domestic market share, and some big inventory reductions at its distribution partner (NASDAQ: PEP). It also struggled to maintain its high valuations in a high interest rate environment.
Nevertheless, now could be the right time to buy Celsius' stock. There are four simple reasons why.
Celsius carved out a niche by selling sugar-free energy drinks made from all-natural ingredients like green tea, ginger, and taurine. That strategy attracted a lot of attention from younger health-conscious consumers, and Celsius' annual revenue more than doubled in each of the past three years.
Source Fool.com
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