CELH has traded at a significant discount to previous highs. We see some consolidation forming near $32 area and demand has picked up, however this will not likely be a growth story moving forward.
They will need to see significant margin expansion through earnings before they see any outsized growth.
HOLD RECOMMENDATION on Celsius.
I trade live on Discord - discord.gg/pennybois
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I trade live on Discord - discord.gg/pennybois
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.