This Growth Stock Is Down 52%: Is It a No-Brainer Buy Right Now?
Celsius (NASDAQ: CELH) is one of the best-performing stocks. In the five-year period leading up to its record high in March 2024, shares were up more than 7,300%. A $10,000 investment five years ago would've turned into $743,000 at its peak.
But as of July 29, this once-booming growth stock was trading 52% below its peak price. Investor sentiment is clearly cooling down. Does this more attractive setup mean that Celsius is a no-brainer buy right now?
This company's shares have still crushed it for investors in recent years, mainly because Celsius' growth has been incredible. In 2023, the business reported sales of $1.3 billion. This was up 102% year over year and up a jaw-dropping tenfold compared to 2020. You'd struggle to find companies with this type of meteoric rise.
Source Fool.com
