Celsius stock (NASDAQ:CELH) has dipped considerably over the past couple of months. At $58.52/share, Celsius is down ~41% from its 52-week high of $99.62, reached as recently as late May. In this article, I will provide an overview of Celsius’ growth story, which has driven remarkable share price gains in recent years. Next, I will discuss the reason behind the sharp decline in the stock. Finally, I will discuss why I am bullish on the stock at its current price levels, prompting me to start a position following the dip.
Celsius’ Growth Story: A Remarkable Journey
To understand Celsius’ investment case, a brief overview of its growth journey is certainly required, as it has been nothing short of remarkable. Today, Celsius appears to be an established player in the energy drinks space, actively rivaling Monster (NASDAQ:MNST) and Red Bull. However, Celsius came from humble beginnings.
Early Years
Back in 2005,…
