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After hitting a share price of nearly $100 earlier this year, Celsius (NASDAQ: CELH) is trading at just $30 as of this writing. On Nov. 6, the energy drink company reported a big drop in sales in Q3.
Today, Celsius trades at a price-to-earnings ratio (P/E) of around 40, which looks expensive but is one of its cheapest levels in years. The stock has a market cap of $6.9 billion as of this writing.
Shares of Celsius Holdings (NASDAQ: CELH) are currently trading 73% off their all-time high. Lower sales are to blame as its largest distributor made inventory adjustments that weighed on Celsius ...
Celsius stock has gone in the tank for a few reasons. First, we should note that the stock was trading at a price-to-earnings ratio ( P/E ) of over 100 earlier in 2024.
At the moment, Celsius' price-to-earnings and price-to-free-cash-flow ratios are comparable to Monster's, but the smaller company should grow faster in the next few years. Pepsi's big inventory ...
Celsius was a monster stock before peaking earlier this year. The functional beverage company had cranked out double-digit -- if not triple-digit -- annual revenue growth for more than a decade.
Is Celsius Holdings set for a comeback after a painful 2024?
Image source: Getty Images. The beaten-down beverage stock got a boost last week when, in a note to clients, Piper Sandler said the Celsius brand was gaining traction in the key teen demographic ...