Is Celsius Stock a Buy Now?

By Eric Cuka – Updated Jan 19, 2023 at 3:17PM

NASDAQ: CELH

Celsius

Market Cap

$17B

Today's Change

(-0.04%) -$0.03

Current Price

$72.00

Price as of April 24, 2024, 4:00 p.m. ET

Celsius stock is trading lower on news that rapper Flo Rida was awarded $82.6 million in a lawsuit against Celsius energy drinks. Is this an opportunity to buy the stock?

Celsius (CELH -0.04%) is an exciting growth stock focused on health-conscious energy drink consumers. The stock is under pressure today after news regarding a lawsuit between rapper Flo Rida and the company. Is Celsius stock a buy now? The video below shares the news, a background of the company, the company's growth prospects, valuation, technical analysis, and my opinion regarding buying the stock at these levels.

*Stock prices used were the morning prices of Jan. 19, 2023. The video was published on Jan. 19, 2023.

Eric Cuka has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Celsius and Monster Beverage. The Motley Fool has a disclosure policy. Eric Cuka is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel.