Celsius Holdings (NASDAQ: CELH) has experienced a significant rollercoaster ride in 2024, with its shares reaching an all-time high of $96.11 in March before falling nearly 40% from that peak. Despite this volatility, analysts remain optimistic about the company’s long-term prospects and consider it a stock worth buying even after this recent dip.Celsius Holdings (NASDAQ: CELH) has experienced a significant rollercoaster ride in 2024, with its shares reaching an all-time high of $96.11 in March before falling nearly 40% from that peak. Despite this volatility, analysts remain optimistic about the company’s long-term prospects and consider it a stock worth buying even after this recent dip. One of the key reasons for Celsius’s growth is its impressive revenue growth. Over the past five years, the company has consistently reported quarterly revenue growth exceeding 50%, often reaching triple digits. This strong revenue growth has been driven by increasing demand for Celsius’s energy drinks, which are marketed as healthy and refreshing alternatives to traditional sugary drinks. In addition to its strong revenue growth, Celsius has also become sustainably profitable and has been generating increasing free cash flow in recent quarters. This profitability and cash flow generation provide the company with the financial flexibility to invest in its business and continue growing its market share. Analysts believe that Celsius’s strong growth potential and financial strength make it a stock worth buying even after its recent decline. The company’s products are in high demand, and its financial position is strong. As a result, analysts are confident that Celsius will continue to grow its business and deliver strong returns to shareholders in the years to come.
During most of 2024 Celsius companies (NASDAQ: CELH) Shares are on a roll, reaching an all-time high of $96.11 in March. After a small dip in April, the stock rallied again before just falling nearly 40% last month from its 2024 high. Shareholders were tested in their beliefs during this rollercoaster ride.
There are reasons for stock price volatility, but the question investors should always ask when a stock drops dramatically in a short period of time is whether the severity of the selloff is justified. Let’s take a look at why Celsius remains a stock to buy even after this dip.
One of the main reasons why Celsius’s share price has risen so much in recent years is the company’s eye-popping revenue growth results. Over the past five years, quarterly revenue growth has consistently exceeded 50%, often reaching triple digits. The company has also become sustainably profitable and has been generating increasing free cash flow in recent quarters.
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Source Fool.com
