As of Friday close, The Vita Coco Company Inc.’s (NASDAQ:COCO) stock was up $1.11, moving up 4.22 percent to $27.42. The average number of shares traded per day over the past five days has been 459,160 shares. 2 times new highs have been achieved over the past 5 days, with a $0.92 gain in that time frame. In the last twenty days, the average volume was 777,515, while in the previous 50 days, it was 643,818.
Since last month, COCO stock rose 5.62%. Shares of the company fell to $23.32 on 08/03/23, the lowest level in the past month. A 52-week high of $30.88 was reached on 08/02/23 after having rallying from a 52-week low of $7.39. Since the beginning of this year, COCO’s stock price has risen by 98.41% or $13.60, and marked a new high 39 times. However, the stock has declined by -11.20% since its 52-week high.
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COCO stock investors should be aware that The Vita Coco Company Inc. (COCO) stock had its last reported insider trading activity 2 days ago on Aug 17. Ricalde Rowena, the Chief Accounting Officer of the company, disposed of 908 shares for $26.58 on Aug 17. It resulted in a $24,135 divestment by the insider. Verlinvest Beverages SA sold 5,750,000 shares at an average price of $21.91 on May 26. The insider now owns 14,858,120 shares following the transaction. On May 26, Director Melloul Eric sold 5,750,000 shares at $21.91 apiece. The transaction was valued at $125,968,125.
Valuation Metrics
Right now, The Vita Coco Company Inc. (COCO) has a P/E ratio of about 54.73. The stock’s beta is 0.10. Besides these, the trailing price-to-sales (P/S) ratio of 3.43, the price-to-book (PB) ratio of 8.99, and the price-to-cash flow ratio of 33.28 may also be considered.
Financial Health
In the three months ended June 29, The Vita Coco Company Inc.’s quick ratio stood at 2.30, while its current ratio was 3.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 30.00% percent. In the year ended June 29, operating margins totaled 6.70%. Based on annual data, COCO earned $103.36 million in gross profit and brought in $427.79 million in revenue.
In The Vita Coco Company Inc.’s quarter-end financial report for June 29, it reported total debt of $20000.0. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. COCO’s revenue rose 17.1% to $109.76 million during the quarter, while net income inched up to $139.09 million. While analysts expected The Vita Coco Company Inc. to report $0.18 quarterly earnings, the actual figure was $0.31 per share, beating the consensus estimate by 72.20%. During the quarter, the company generated $21.02 million in EBITDA. The liabilities of The Vita Coco Company Inc. were 73.62 million at the end of its most recent quarter ended June 29, and its total debt was $37000.0. The value of shareholders’ equity is $56.44 million.
Technical Picture
This quick technical analysis looks at The Vita Coco Company Inc.’s (COCO) price momentum. With a historical volatility rate of 45.65%, the RSI 9-day stood at 57.71% on 18 August.
With respect to its five-day moving average, the current The Vita Coco Company Inc. price is up by +3.47% percent or $0.92. At present, COCO shares trade +5.71% above its 20-day simple moving average and +38.21% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.14% above its SMA50 and +167.25% above its SMA200.
Stochastic coefficient K was 45.99% and Stochastic coefficient D was 47.66%, while ATR was 1.36. Given the Stochastic reading of 54.23% for the 14-day period, the RSI (14) reading has been calculated as 56.13%. As of today, the MACD Oscillator reading stands at -0.12, while the 14-day reading stands at 0.34.
Analyst Ratings
The Vita Coco Company Inc. downgraded its rating on The Vita Coco Company Inc. (NASDAQ: COCO) to a Neutral in a note to investors on August 02, 2023. The analysts firm previously had a Buy rating on the stock.The Vita Coco Company Inc. (COCO) has been rated Overweight by analysts. According to 0 brokerage firms, COCO is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate The Vita Coco Company Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $32.00, the current consensus forecast for the stock is $25.00 – $35.00. Based on these forecasts, analysts predict The Vita Coco Company Inc. (COCO) will achieve an average price target of $30.43.
