At the time of writing, Vita Coco Company Inc [COCO] stock is trading at $37.09, down -0.62%. 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 5.31% over the last week, with a monthly amount glided 4.07%, and seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Vita Coco Company Inc fluctuated between $19.41 and $37.88. Currently, Wall Street analysts expect the stock to reach $33 within the next 12 months. Vita Coco Company Inc [NASDAQ: COCO] shares were valued at $37.09 at the most recent close of the market. An investor can expect a potential drop of -11.03% based on the average COCO price forecast.
Analyzing the COCO fundamentals
According to Vita Coco Company Inc [NASDAQ:COCO], the company’s sales were 494.86M for trailing twelve months, which represents an -3.74% plunge. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.26 and Total Capital is 0.3. 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 36.16 points at the first support level, and at 35.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.74, and for the 2nd resistance point, it is at 38.38.
Ratios To Look Out For
It is important to note that Vita Coco Company Inc [NASDAQ:COCO] has a current ratio of 3.28. Further, the Quick Ratio stands at 2.63, while the Cash Ratio is 1.56. Considering the valuation of this stock, the price to sales ratio is 4.25, the price to book ratio is 8.35 and price to earnings (TTM) ratio is 36.98.
Transactions by insiders
Recent insider trading involved Burth Jonathan, Chief Operating Officer, that happened on Jan 02 ’25 when 200.0 shares were sold. Director, Liran Ira completed a deal on Dec 19 ’24 to sell 30000.0 shares. Meanwhile, Chief Executive Officer ROPER MARTIN F sold 15000.0 shares on Dec 17 ’24.
