Posted 3/1/2024, 11:51:45 AM
Celsius Holdings Share Price Soars 60% on Strong Revenue Growth and Bullish Forecasts
- Celsius Holdings' (CELH) share price has jumped 60% in the last month on the back of strong revenue growth
- The price-to-sales ratio is very high at 16.5x compared to the industry average below 2.6x
- Revenue grew 98% last year and has seen tremendous growth over the last 3 years
- Analysts forecast 31% revenue growth per year over the next 3 years, much higher than the industry average
- Investors are willing to pay a premium price-to-sales ratio based on the strong past and expected future revenue growth