Vita Coco Company Inc [COCO] stock prices are up 1.37% to $25.09 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The COCO shares have gain 8.71% over the last week, with a monthly amount glided 2.70%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Vita Coco Company Inc [NASDAQ: COCO] stock has seen the most recent analyst activity on February 29, 2024, when Stephens upgraded its rating to a Overweight but kept the price target unchanged to $31 for it. Previously, William Blair downgraded its rating to Mkt Perform on January 22, 2024. On November 13, 2023, Jefferies initiated with a Buy rating and assigned a price target of $33 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $29 on September 19, 2023. BofA Securities downgraded its rating to a Neutral. Stephens started tracking with a Equal-Weight rating for this stock on June 23, 2023, and assigned it a price target of $30. In a note dated April 05, 2023, Craig Hallum initiated an Buy rating and provided a target price of $25 on this stock.
The stock price of Vita Coco Company Inc [COCO] has been fluctuating between $19.41 and $33.29 over the past year. Currently, Wall Street analysts expect the stock to reach $30 within the next 12 months. Vita Coco Company Inc [NASDAQ: COCO] shares were valued at $25.09 at the most recent close of the market. An investor can expect a potential return of 19.57% based on the average COCO price forecast.
Analyzing the COCO fundamentals
The Vita Coco Company Inc [NASDAQ:COCO] reported sales of 493.61M for trailing twelve months, representing a surge of 15.39%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.26 and Total Capital is 0.28. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.79 points at the first support level, and at 24.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.41, and for the 2nd resistance point, it is at 25.74.
Vita Coco Company Inc [COCO] reported earnings per share of $0.11 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.08/share, meaning a difference of $0.03 and a surprise factor of 37.50%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.26 per share as compared to estimates of $0.24 per share, a difference of $0.02 representing a surprise of 8.30%.
Ratios To Look Out For
It’s worth pointing out that Vita Coco Company Inc [NASDAQ:COCO]’s Current Ratio is 3.18. In addition, the Quick Ratio stands at 2.55 and the Cash Ratio stands at 1.61. Considering the valuation of this stock, the price to sales ratio is 2.88, the price to book ratio is 7.05 and price to earnings (TTM) ratio is 31.67.
Transactions by insiders
Recent insider trading involved Kirban Michael, Executive Chairman, that happened on Apr 04 ’24 when 17767.0 shares were sold. Director, Liran Ira completed a deal on Apr 03 ’24 to sell 6915.0 shares. Meanwhile, Executive Chairman Kirban Michael sold 6900.0 shares on Apr 03 ’24.
