Can Celsius Stock Rocket Higher in 2024?
The internet sector is typically where you can find monster stock market winners. That's why it's a major shocker that a company like Celsius (NASDAQ: CELH), which sells incredibly popular energy drinks, has seen its shares skyrocket 4,370% in the last five years.
More recently, this beverage stock has kept rewarding shareholders, rising 57% in 2023. Investors are hoping the good times can continue rolling in 2024. As we look ahead, can Celsius rocket higher this year? Let's take a closer look at the business.
A business that posts ridiculous investment gains, like Celsius, usually does so on the back of huge growth. In this company's case, revenue in the most recent quarter (Q3 2023, ended Sept. 30) surged 105% year over year to $385 million. And this sales figure is up exponentially from the $17 million reported in the third quarter of 2018.
Source Fool.com
