Celsius Is Cheap For Good Reason - Remains A Compelling Buy
Portfolio Pulse from
Celsius Holdings, Inc. (CELH) has been oversold recently, with support seen between $28 and $34. The company is not providing forward guidance, but management suggests that the worst of the stock price correction and inventory issues may be over. FY2024 is expected to be a trough year, with growth anticipated in FQ4'24 and 2025.
November 09, 2024 | 3:15 pm
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Celsius Holdings, Inc. (CELH) has been oversold, with support between $28 and $34. Management suggests the worst of the stock price correction and inventory issues may be over, with growth expected in FQ4'24 and 2025.
CELH has been oversold, indicating potential for price recovery. Management's hints at overcoming inventory issues and expected growth in FQ4'24 and 2025 suggest a positive outlook, making it a compelling buy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100