- NASDAQ:CELH added 0.48% on Thursday as the NASDAQ continued its rise to all-time highs.
- The stock continues to defy naysayers as it outperforms analyst expectations.
- Aluminium can shortage in 2021 could be the only thing that can slow Celsius down.
NASDAQ:CELH has re-energized investor interest in the energy drink sector that has long been forgotten despite Monster Energy (NASDAQ:MNST) being one of the most successful stocks since its inception in 2003. Well now in 2020, Celsius is reclaiming the energy drink lead as the stock is already a ten-bagger over the past nine months. In March, shares dipped as low as $4 but at the end of Thursday’s trading session, the stock was being traded at $39.88, just below its all-time high price of $40.82.
Despite how hot Celsius has been this year, the company may actually have been hindered by COVID-19, so its actual performance may have been even more impressive. The pandemic has slowed supply lines and overall grocery shopping for people, as well as either closing or severely limiting access to gyms and fitness centers, two of Celsius’ largest clientele. Another group of consumers who have not been consuming as many energy drinks are college students as many have been forced to attend school virtually, rather than enjoying life on campus. If all of these groups can have their lives return to normalcy at some points in 2021, we could see Celsius truly reach its potential.
CELH stock quote news
Another factor that even Celsius CEO John Fiendly pointed out is the pending can shortage that looms in 2021. It may sound humorous but even giant companies like Coca Cola (NYSE:KO) and Pepsi (NASDAQ:PEP) are having to plan ahead. While it may not seem like an urgent issue, it does have repercussions in terms of factory infrastructure and materials if Celsius has to bottle using glass bottles or PET bottles instead.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.