The price-to-earnings ratio for Vita Coco Company Inc (NASDAQ: COCO) is above average at 33.65x. The 36-month beta value for COCO is also noteworthy at 0.22. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for COCO is 38.34M, and at present, short sellers hold a 14.72% of that float. The average trading volume of COCO on October 30, 2024 was 472.40K shares.
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COCO) stock’s latest price update
Vita Coco Company Inc (NASDAQ: COCO)’s stock price has surge by 2.16relation to previous closing price of 30.78. Nevertheless, the company has seen a 7.91% surge in its stock price over the last five trading sessions. zacks.com reported 2024-10-30 that Vita Coco Company, Inc. (COCO) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.26 per share a year ago.
COCO’s Market Performance
COCO’s stock has risen by 7.91% in the past week, with a monthly rise of 11.78% and a quarterly rise of 18.44%. The volatility ratio for the week is 3.40% while the volatility levels for the last 30 days are 2.86% for Vita Coco Company Inc The simple moving average for the last 20 days is 8.04% for COCO stock, with a simple moving average of 21.56% for the last 200 days.
Analysts’ Opinion of COCO
Many brokerage firms have already submitted their reports for COCO stocks, with Jefferies repeating the rating for COCO by listing it as a “Buy.” The predicted price for COCO in the upcoming period, according to Jefferies is $31 based on the research report published on July 24, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see COCO reach a price target of $28, previously predicting the price at $29. The rating they have provided for COCO stocks is “Neutral” according to the report published on July 12th, 2024.
Stephens gave a rating of “Overweight” to COCO, setting the target price at $31 in the report published on February 29th of the current year.
COCO Trading at 13.25% from the 50-Day Moving Average
After a stumble in the market that brought COCO to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.06% of gains for the given period.
Volatility was left at 2.86%, however, over the last 30 days, the volatility rate increased by 3.40%, as shares surge +7.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.24% upper at present.
During the last 5 trading sessions, COCO rose by +4.02%, which changed the moving average for the period of 200-days by +18.12% in comparison to the 20-day moving average, which settled at $29.05. In addition, Vita Coco Company Inc saw 22.59% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at COCO starting from Burth Jonathan, who sale 905 shares at the price of $30.04 back on Oct 22 ’24. After this action, Burth Jonathan now owns 123,300 shares of Vita Coco Company Inc, valued at $27,186 using the latest closing price.
Burth Jonathan, the Chief Operating Officer of Vita Coco Company Inc, sale 400 shares at $30.00 during a trade that took place back on Oct 16 ’24, which means that Burth Jonathan is holding 124,205 shares at $12,000 based on the most recent closing price.
Stock Fundamentals for COCO
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.4 for the gross margin
The net margin for Vita Coco Company Inc stands at 0.11. The total capital return value is set at 0.34. Equity return is now at value 27.37, with 19.44 for asset returns.
Based on Vita Coco Company Inc (COCO), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 5985.33. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -1276.79.
Currently, EBITDA for the company is 57.15 million with net debt to EBITDA at -1.9. When we switch over and look at the enterprise to sales, we see a ratio of 3.22. The receivables turnover for the company is 6.34for trailing twelve months and the total asset turnover is 1.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.31.
Conclusion
In summary, Vita Coco Company Inc (COCO) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
