Mid-cap energy drink maker Celsius Holdings (NASDAQ:CELH)has been trading in a sideways pattern without gaining any lift since its earnings report on August 9.
The company's proprietary MetaPlus formula is designed to turn on thermogenesis, a process that boosts the body's metabolic rate. The formula contains a blend of ginger root, guarana seed extract, chromium, vitamins, and green tea extract, with a compound that boosts metabolism.
According to company literature, "When combined with exercise, Celsius helps your body burn more calories and body fat which has been clinically proven in 6 published university studies."
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