Vita Coco Company Inc [COCO] stock is trading at $30.42, up 0.93%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The COCO shares have gain 9.23% over the last week, with a monthly amount glided 10.02%, 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.
Vita Coco Company Inc [COCO] stock has fluctuated 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 $30.42 at the most recent close of the market. An investor can expect a potential drop of -1.38% based on the average COCO price forecast.
Analyzing the COCO fundamentals
Vita Coco Company Inc [NASDAQ:COCO] reported sales of 495.55M for the trailing twelve months, which represents a growth of 1.77%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is 0.28 and Total Capital is 0.33. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 30.17 points at the first support level, and at 29.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.84, and for the 2nd resistance point, it is at 31.26.
Ratios To Look Out For
For context, Vita Coco Company Inc’s Current Ratio is 3.38. Further, the Quick Ratio stands at 2.64, while the Cash Ratio is 1.56. Considering the valuation of this stock, the price to sales ratio is 3.48, the price to book ratio is 8.22 and price to earnings (TTM) ratio is 33.15.
Transactions by insiders
Recent insider trading involved Liran Ira, Director, that happened on Jun 18 ’24 when 42000.0 shares were sold. Director, Liran Ira completed a deal on Jun 18 ’24 to sell 14006.0 shares. Meanwhile, Chief Sales Officer van Es Charles sold 6123.0 shares on Jun 18 ’24.
