Vita Coco Company Inc [COCO] stock is trading at $28.84, down -2.30%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The COCO shares have gain 1.41% over the last week, with a monthly amount glided 13.32%, 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 July 24, 2024, when Jefferies reiterated its Buy rating and also revised its price target to $31 from $35. Previously, Piper Sandler downgraded its rating to Neutral on July 12, 2024, and dropped its price target to $28. On February 29, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $31 on the stock. William Blair downgraded its rating to a Mkt Perform. Jefferies initiated its recommendation with a Buy and recommended $33 as its price target on November 13, 2023. Morgan Stanley started tracking with a Equal-Weight rating for this stock on September 19, 2023, and assigned it a price target of $29. In a note dated August 02, 2023, BofA Securities downgraded an Neutral rating on this stock.
Vita Coco Company Inc [COCO] stock has fluctuated between $19.41 and $31.42 over the past year. Currently, Wall Street analysts expect the stock to reach $29 within the next 12 months. Vita Coco Company Inc [NASDAQ: COCO] shares were valued at $28.84 at the most recent close of the market. An investor can expect a potential return of 0.55% based on the average COCO price forecast.
Analyzing the COCO fundamentals
Vita Coco Company Inc [NASDAQ:COCO] reported sales of 500.02M for the trailing twelve months, which represents a growth of 3.20%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.16%, 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 0.17, Equity is 0.26 and Total Capital is 0.34. 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 27.89 points at the first support level, and at 26.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.64, and for the 2nd resistance point, it is at 30.45.
Ratios To Look Out For
For context, Vita Coco Company Inc’s Current Ratio is 3.31. As well, the Quick Ratio is 2.79, while the Cash Ratio is 1.66. Considering the valuation of this stock, the price to sales ratio is 3.27, the price to book ratio is 7.06 and price to earnings (TTM) ratio is 30.86.
Transactions by insiders
Recent insider trading involved Liran Ira, Director, that happened on Sep 16 ’24 when 30000.0 shares were sold. Director, Betz LLC, for the Ira Liran 20 completed a deal on Sep 16 ’24 to buy 30000.0 shares. Meanwhile, Officer Ricalde Rowena bought 3479.0 shares on Sep 10 ’24.
