Celsius Holdings Inc. (CELH) has seen its stock drop nearly 60% from its peak, yet some analysts view this as a potential buying opportunity. The company reported impressive first-quarter sales of $356 million, a 37% year-over-year increase, and its earnings per share (EPS) more than doubled to $0.27. Despite challenges from industry-wide inventory optimization, Celsius has increased its market share within the multi-outlet retail sector, surpassing competitors. The company is expanding its product range and entering international markets, with projected sales growth of 26% in 2024 and 25% in 2025. While its forward P/E ratio suggests potential undervaluation, analysts caution about short-term volatility.