Celsius Shares Soar. Is It Too Late to Buy the Stock?
In May, I predicted that a turnaround could be near for Celsius (NASDAQ: CELH), and the company delivered when it recently reported its second-quarter results. The stock shot higher and has now nearly doubled on the year, as of this writing.
The question now, though, is: Can the stock keep its momentum going, or is it too late to buy the stock? Let's take a closer look at the company's recent results and prospects to find out.
The biggest reason why I thought a Celsius turnaround was around the corner was due to its acquisition of rival energy drink maker Alani Nu.
Source Fool.com
