Celsius Stock Has Plunged Nearly 50% From 2024 Highs. Here's What Happened to Monster Beverage Stock When the Same Thing Happened in 2012.

Energy drink company Celsius Holdings (NASDAQ: CELH) was the belle of the stock market ball in recent years. From the start of 2019 through the end of 2023, shares were up more than 4,600%, turning a $10,000 investment into more than $470,000. But in 2024, Celsius stock is down about 4%, and it's down 45% from this year's highs.This isn't just a case of stock market volatility. On the contrary, investors are digesting multiple headline issues that paint a bearish picture for the outlook of Celsius' business.For starters, investors are looking at sales data that shows slowing growth. Investors already know that growth for Celsius is slowing -- revenue in the first quarter of 2024 was only up 37% year over year, compared to 95% growth in the prior-year period. But investors and analysts who monitor sales trends for the industry believe growth is slowing even further, prompting some analyst to lower price targets for Celsius stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool