The stock of The Vita Coco Company Inc. (NASDAQ:COCO) decreased by -$0.8 on Friday to finish at $26.50, down -2.93 percent. The last five days have seen an average of 869,180 shares of common stock traded. 39 times new highs were reached in the current year, with a gain of $12.68. The average number of shares traded over the last 20 days was 751,965, while the average volume over the last 50 days totaled 665,098.
COCO stock appreciated 7.94% since last month. On 08/03/23, the company’s shares reached a one-month low of $23.32. The stock touched a high of $30.88 on 08/02/23, after rallying from a low of $7.39 in 52 weeks. The price of COCO stock has risen by 91.75% or $12.68 this year, reaching a new high 39 times. Still, the stock price is down -14.18% from the 52-week high.
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Insider Transactions
COCO stock investors should be aware that The Vita Coco Company Inc. (COCO) stock had its last reported insider trading activity 80 days ago on May 26. On May 26, 10% Owner Verlinvest Beverages SA sold 5,750,000 shares at $21.91 each. This transaction resulted in the insider making $125,968,125. On May 26, Melloul Eric sold 5,750,000 shares at a price of US$21.91. After the transaction, the insider now owns 14,858,120 shares. Chief Operating Officer Burth Jonathan had earlier sold 8,000 shares on Dec 14 for $12.71 a share. The transaction was completed for $101,695.
Valuation Metrics
The Vita Coco Company Inc. (COCO) has a trailing price-to-earnings (P/E) ratio of 52.89. Beta for the stock is 0.07. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.31, the price-to-book (PB) ratio of 8.69, and the price-to-cash flow ratio of 32.17.
Financial Health
For the recent quarter, The Vita Coco Company Inc.’s quick ratio was 2.30, while its current ratio was 3.10, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 30.00% percent. The Vita Coco Company Inc.’s operating margin stood at 6.70% for the same period. Based on annual data, it had gross profit of $103.36 million and revenue of $427.79 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. COCO’s return on assets (ROA) during the last 12 months has been 13.40%. There was a 0.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 19.30%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $139.09 million, while revenues rose by 17.1% to $109.76 million. EBITDA was $21.02 million for the quarter. At the end of The Vita Coco Company Inc.’s most recent quarter, its liabilities totaled 73.62 million, while its total debt was $37000.0. Equity owned by shareholders amounts to $56.44 million.
Technical Picture
Here’s a quick look at The Vita Coco Company Inc.’s (COCO) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 53.03%, suggesting the stock is Neutral, with a 74.13% historical volatility rate.
The stochastic %K and %D were 45.46% and 46.33% respectively, while the average true range (ATR) was 1.43. Based on the 14-day stochastic reading of 42.06%, the RSI (14) reading is 52.57%. On the 9-day MACD Oscillator, the stock is at 0.64, and the 14-day reading is at 0.62.
Analyst Ratings
The Vita Coco Company Inc. (NASDAQ: COCO) was downgraded by BofA Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned The Vita Coco Company Inc. (COCO) an Overweight rating. COCO is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is COCO’s price target for the next 12 months?
The current consensus forecast for the stock is between $25.00 and $35.00, with a median target price of $32.00. In analyzing these forecasts, the average price target given by analysts for The Vita Coco Company Inc. (COCO) is $30.43.
